13 Port Watson St Cortland, NY 13045

Listing agency Forged Real Estate m***@forgedre.com Show Phone

Listed by Marc Mandel · License #NJ

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:21AM Checked: Jul 21 at 2:21AM

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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).

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.

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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

FAQs

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.