Walgreens NNN Investment
For Sale
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2 N Park St, Cambridge, NY 12816
NNN Walgreens in Cambridge, NY with over 14 years remaining.
Property SizeContact for details
Days on Market1001
Property Features for 2 N Park St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Matthew Mousavi · License #CA 01732226
(714) 404-8849
Source:
Crexi
Added: Jan 25, 2024
Changed: Oct 21
Last Checked: Oct 20 at 9:28PM
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 Real Estate Partners Newport Beach
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Home Improvements & Furnishings 28%
Dining 11%
Cumberland Farms
Shops & Services
6,211 visits/mo
0.2 miles
Noble Ace Hardware
Home Improvements & Furnishings
2,843 visits/mo
0.2 miles
SUBWAY
Dining
1,078 visits/mo
0.3 miles
Demographics for 12816, NY
4,366
Population
2,581
Households
1.7
Avg Household Size
49
Median Age
32%
College-Educated
93%
High-School Grad
59.9 sq mi
ZIP Area
73
Density / Sq Mi
$79,669
Median Household Income
$48,187
Median Earnings
$1,064
Median Rent
$213,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Green Witch Vape Cambridge — 76 W Main St, Cambridge, NY 12816
- Walgreens Pharmacy — 2 N Park St, Cambridge, NY 12816
- 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
Frequently Asked Questions
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.
