Drug Store with Double-Net
For Sale
Contact for pricing
Pending
12208 Route 16, Chaffee, NY 14030
Rite Aid occupies the property under a double-net lease, with the landlord responsible for roof and structural elements.
Property SizeContact for details
Days on Market144
Property Features for 12208 Route 16
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
29,960 vehicles/day
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:27AM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
This single-tenant drug store is occupied by Rite Aid under a double-net lease with 10 years remaining and one five-year option to follow. The lease structure assigns roof and structural responsibilities to the landlord, while the tenant has recently executed a 10 year, 3 month lease commitment at the property.
The building occupies the signalized intersection of Route 16, also known as Olean Road, and Main Street. Route 16 carries 13,257 vehicles per day, while Main Street carries 16,703 vehicles per day, for a combined daily count of 29,960 vehicles. The Southern Expressway is the closest freeway and carries approximately 12,233 vehicles per day. Nearby retail and service businesses include Big Lots, Save-a-Lot, Pizza Hut, Five Star Bank, Community Bank, Walgreens, Mobile, and 7-Eleven.
The building occupies the signalized intersection of Route 16, also known as Olean Road, and Main Street. Route 16 carries 13,257 vehicles per day, while Main Street carries 16,703 vehicles per day, for a combined daily count of 29,960 vehicles. The Southern Expressway is the closest freeway and carries approximately 12,233 vehicles per day. Nearby retail and service businesses include Big Lots, Save-a-Lot, Pizza Hut, Five Star Bank, Community Bank, Walgreens, Mobile, and 7-Eleven.
Key Highlights
- Rite Aid occupancy under a double‑net lease with 10 years remaining
- Lease includes one (5 year) option to follow
- Landlord responsibility includes roof and structure
Property Analytics
Current Use
Lease Details
29,960 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Superstores 33%
Groceries 20%
Home Improvements & Furnishings 13%
Big Lots
Superstores
13,703 visits/mo
0.2 miles
Dollar General
Shops & Services
10,650 visits/mo
0.2 miles
Save-A-Lot
Groceries
8,291 visits/mo
0.2 miles
Valu Home Centers
Home Improvements & Furnishings
5,300 visits/mo
0.2 miles
Five Star Bank
Shops & Services
4,124 visits/mo
0.2 miles
Demographics for 14030, NY
1,755
Population
791
Households
2.2
Avg Household Size
48
Median Age
19%
College-Educated
89%
High-School Grad
21.2 sq mi
ZIP Area
83
Density / Sq Mi
$84,792
Median Household Income
$49,069
Median Earnings
$743
Median Rent
$204,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rite Aid Pharmacy — 12208 NY-16, Yorkshire, NY 14173
- Randal Wood — 12208 NY-16, Yorkshire, NY 14173
- Kimberly Walsh — 12208 NY-16, Yorkshire, NY 14173
- Walgreens Pharmacy — 3242 Main St, Yorkshire, NY 14173
- Walgreens Pharmacy — 3242 NY-39, Yorkshire, NY 14173
Frequently Asked Questions
What type of property is this?
Drug store - Rite Aid occupies the property under a double-net lease, with the landlord responsible for roof and structural elements.
Where is this drug store located?
The property is located at 12208 Route 16 Chaffee, NY.
What are key features of this property?
This property features: Rite Aid occupancy under a double‑net lease with 10 years remaining; Lease includes one (5 year) option to follow; Landlord responsibility includes roof and structure
