Signalized Corner Walgreens
For Sale
Contact for pricing
147 North Comrie Avenue, Johnstown, NY 12095
Walgreens operates on an absolute net lease at a signalized corner with combined daily traffic over 28,000 vehicles.
Property SizeContact for details
Days on Market124
Property Features for 147 North Comrie Avenue
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Cap Rate
7.98%
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 2:08PM
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 Walgreens drugstore is offered for sale as a leased retail property with approximately 2 years remaining on the current lease, followed by two additional 5-year options. The lease is described as an absolute net lease basis with no landlord responsibilities. The store has operated at this site for more than 20 years, and the pharmacy is currently operating as a Walgreens.
The property is located on a signalized hard corner of North Comrie Avenue and Briggs Street. The remarks cite traffic counts of 20,090 VPD on North Comrie Avenue and 7,920 VPD on Briggs Street, with combined daily traffic over 28,000 vehicles. The next nearest Walgreens or CVS is cited as more than 3.5 miles north in Gloversville. North Comrie Avenue is identified as the main retail corridor in Johnstown.
One block north is Johnstown Mall, a 140,000+ square foot retail center anchored by Price Chopper, with additional tenants including Sherwin-Williams, Subway, GameStop and Aaron’s. Across the street from Johnstown Mall is another retail center anchored by T.J. Maxx, Dollar Tree and Advance Auto Parts. Other national tenants mentioned in the area include Dunkin Donuts, Pizza Hut, Autozone, Applebee’s and KeyBank.
The property is located on a signalized hard corner of North Comrie Avenue and Briggs Street. The remarks cite traffic counts of 20,090 VPD on North Comrie Avenue and 7,920 VPD on Briggs Street, with combined daily traffic over 28,000 vehicles. The next nearest Walgreens or CVS is cited as more than 3.5 miles north in Gloversville. North Comrie Avenue is identified as the main retail corridor in Johnstown.
One block north is Johnstown Mall, a 140,000+ square foot retail center anchored by Price Chopper, with additional tenants including Sherwin-Williams, Subway, GameStop and Aaron’s. Across the street from Johnstown Mall is another retail center anchored by T.J. Maxx, Dollar Tree and Advance Auto Parts. Other national tenants mentioned in the area include Dunkin Donuts, Pizza Hut, Autozone, Applebee’s and KeyBank.
Key Highlights
- Walgreens property with approximately 2 years remaining on the lease before two (5‑year) options to follow
- Absolute net lease structure with no landlord responsibilities whatsoever
- 20+ years of operating history at this site; pharmacy now operating as a Walgreens
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
261k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 29%
Groceries 18%
Apparel 12%
T.J. Maxx
Apparel
32,101 visits/mo
0.2 miles
Price Chopper
Groceries
27,676 visits/mo
0.2 miles
Dunkin' Donuts
Dining
20,169 visits/mo
0.2 miles
Aldi
Groceries
18,309 visits/mo
0.3 miles
Applebee's
Dining
17,527 visits/mo
0.2 miles
Demographics for 12095, NY
12,242
Population
5,808
Households
2.1
Avg Household Size
43
Median Age
25%
College-Educated
89%
High-School Grad
65.2 sq mi
ZIP Area
188
Density / Sq Mi
$69,864
Median Household Income
$45,103
Median Earnings
$860
Median Rent
$159,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Drug store - Walgreens operates on an absolute net lease at a signalized corner with combined daily traffic over 28,000 vehicles.
Where is this drug store located?
The property is located at 147 North Comrie Avenue Johnstown, NY.
What are key features of this property?
This property features: Walgreens property with approximately 2 years remaining on the lease before two (5‑year) options to follow; Absolute net lease structure with no landlord responsibilities whatsoever; 20+ years of operating history at this site; pharmacy now operating as a Walgreens
