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2 N Park St Cambridge, NY

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

Type:RETAIL
Property size:
11,984 SF
Lot size:
1.00 Acres
Price / SF:
$243/SF
Added:
Feb 7, 2025
Days on Market:
439
Last Refresh:
Apr 5 at 9:59 pm

Property Features for 2 N Park St

General Information

Standard status
Active
Size
11,984 SF
Lot size
1.00 Acres
Property subtype
RETAIL

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Listing Contact
Matthew Mousavi

Listing agent Matthew Mousavi

Listing office SRS Industrial - Newport Beach

Listing date Feb 7, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach


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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Subway Take-out & Catering Walgreens Pharmacy Pharmacy Walgreens Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store FedEx OnSite Postal Service

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Similar Places Nearby

  • Walgreens Pharmacy 2 N Park St, Cambridge, NY 12816
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  • Marybeth Brown 2 N Park St, Cambridge, NY 128161105
  • Jason Goodspeed 2 N Park St, Cambridge, NY 128161105
  • David Lester 2 N Park St, Cambridge, NY 128161105

Location Insight

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  • Local Demand
City
Cambridge
County
Washington
State
New York
Longitude
-73.3759
Latitude
43.0295

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.
(949) 698-1116 Call to check price and availability
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