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2 N Park St Cambridge, NY 12816

For Sale
$2,924,000

NNN Walgreens in Cambridge, NY with over 14 years remaining.

Property size:
11,984 SF
Lot size:
1.00 Acres

Property Features for 2 N Park St

General Information

Size
11,984 SF
Lot size
1.00 Acres

Source: SRS Industrial - Newport Beach Agent Matthew Mousavi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Walgreens NNN Investment Opportunity

This property offers the opportunity to acquire the fee simple interest in a Walgreens investment property located in Cambridge, New York. The property is subject to an absolute NNN lease. The tenant, Walgreen Co., has over 14 years remaining on their initial lease, with 12 (5-year) options to extend. The lease includes 5% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. Walgreens operates nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, serving nearly 10 million customers each day. The property contains 11,984 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Subway Sandwich Shop Walgreens Pharmacy Pharmacy Walgreens Drug Store Walgreens Photo Passport Photo Processor FedEx OnSite Mailing Service

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Walgreens Pharmacy, Green Witch Vape Cambridge, Marybeth Brown, Jason Goodspeed, David Lester

Location Insight

  • Map
  • Local Demand
City
Cambridge
County
Washington
State
New York
Longitude
-73.375934
Latitude
43.029477

FAQs

What type of property is this?
Drug store - NNN Walgreens in Cambridge, NY with over 14 years remaining.
Where is this drug store located?
The property is located at 2 N Park St Cambridge, NY.
What is the asking price?
The asking price for this property is $2,924,000.
What are key features of this property?
This property features: - Absolute NNN lease provides a completely passive investment with zero landlord responsibilities.; - Over 14 years remaining on the initial lease term with Walgreens, ensuring long-term stable income.; - Benefit from 5% rental increases every 5 years, hedging against inflation and growing NOI.
More about this property
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