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12 Park Dr Hornell, NY 14843

For Sale
$5,190,000

Retail property with long-term lease and rental increases.

Property size:
13,813 SF
Lot size:
1.71 Acres

Property Features for 12 Park Dr

General Information

Size
13,813 SF
Lot size
1.71 Acres

Source: SRS Real Estate Partners | New York Agent Britt Raymond

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


Overview

Hornell Retail Property for Sale

This retail property is leased to Walgreens, with the lease recently extended through March 2034, demonstrating a long-term commitment to the location. The tenant, Walgreen Eastern Co., is investment grade (S&P: BBB). The lease includes rental increases scheduled for 2025 and 2030, providing a hedge against inflation. Walgreens operates over 9,000 stores across all 50 states. The property has a size of 13,813 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Walgreens Pharmacy Pharmacy Irfan M. Mehr, ... Pharmacy Walgreens Photo Passport Photo Processor Walgreens Cosmetics Store LibertyX Bitcoin ATM Atm

Suggested Use

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

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

Similar Places Nearby

Walgreens Pharmacy, Irfan M. Mehr, RPh, Samuel M. Patello, BS, Nicolle Matthews, Brian Marlatt

Location Insight

  • Map
  • Local Demand
City
Hornell
County
Steuben
State
New York
Longitude
-77.6604024
Latitude
42.3213284

FAQs

What type of property is this?
Drug store - Retail property with long-term lease and rental increases.
Where is this drug store located?
The property is located at 12 Park Dr Hornell, NY.
What is the asking price?
The asking price for this property is $5,190,000.
What are key features of this property?
This property features: - Corporate lease signed by Walgreen Eastern Co. (S&P: BBB); - Lease recently extended through March 2034, indicating long-term commitment; - Rental increases scheduled in 2025 and 2030, providing NOI and inflation hedge
More about this property
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