Single-Tenant Retail Drug
For Sale
Contact for pricing
Pending
13 Port Watson St, Cortland, NY 13045
Fee simple interest in a single-tenant CVS Pharmacy with a drive-thru, backed by a corporate guarantee.
Days on Market111
Property Features for 13 Port Watson St
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Marc Mandel · License #NJ
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 30 at 12:38PM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
Forged Real Estate is pleased to offer a fee simple investment in a single-tenant retail drug store leased to CVS Pharmacy. The property includes a CVS Pharmacy drive-thru and benefits from the tenant’s long operating history at the location, with a recent renewal extending the term ten years. CVS has three, five-year options remaining, each beginning with an eight percent rental increase.
The property is located in Cortland, NY and is less than one mile from Cortland Surgical Center and less than two miles from Guthrie Medical Center, a 242-bed facility that includes a 162-bed acute care component and an attached 80-bed residential care facility.
The lease is supported by a corporate guarantee with an investment-grade credit rating of BBB (S&P).
The property is located in Cortland, NY and is less than one mile from Cortland Surgical Center and less than two miles from Guthrie Medical Center, a 242-bed facility that includes a 162-bed acute care component and an attached 80-bed residential care facility.
The lease is supported by a corporate guarantee with an investment-grade credit rating of BBB (S&P).
Key Highlights
- Fee simple interest in a single‑tenant CVS Pharmacy in Cortland, NY.
- Includes a CVS Pharmacy drive‑thru.
- CVS has been at the location for almost 25 years and completed a renewal extending the term 10 years.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13045, NY
28,406
Population
12,420
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
107.9 sq mi
ZIP Area
263
Density / Sq Mi
$67,028
Median Household Income
$33,869
Median Earnings
$905
Median Rent
$162,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- CVS Pharmacy — 13 Port Watson St, Cortland, NY 13045
- Walgreens — 170 Port Watson St, Cortland, NY 13045
- Go Suppey — 55 Tompkins St, Cortland, NY 13045
- Megan Nelson — 170 Port Watson St, Cortland, NY 130453125
- COVID-19 Drive-Thru Testing at Walgreens — 170 Port Watson St, Cortland, NY 13045
Frequently Asked Questions
What type of property is this?
Drug store - Fee simple interest in a single-tenant CVS Pharmacy with a drive-thru, backed by a corporate guarantee.
Where is this drug store located?
The property is located at 13 Port Watson St Cortland, NY.
What are key features of this property?
This property features: Fee simple interest in a single‑tenant CVS Pharmacy in Cortland, NY.; Includes a CVS Pharmacy drive‑thru.; CVS has been at the location for almost 25 years and completed a renewal extending the term 10 years.
