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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

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    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
    (704) 517-4712
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    12 Park Dr Hornell, NY 14843
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 Park Dr Hornell, NY 14843
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