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    NNN Lease CVS Pharmacy Title is generated by Realmo AI

    241 Mohawk Ave, Scotia, NY

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    CVS Pharmacy with long-term absolute NNN lease.

    Type:RETAIL
    Property size:
    11,945 SF
    Lot size:
    1.20 Acres
    Price / SF:
    $661/SF
    Added:
    Oct 18, 2024
    Days on Market:
    602
    Last Refresh:
    May 20 at 8:13 pm

    Property Features for 241 Mohawk Ave

    General Information

    Standard status
    Active
    Size
    11,945 SF
    Lot size
    1.20 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Kase Abusharkh
    Kase Abusharkh

    Listing agent Kase Abusharkh

    Listing office The Kase Group - Corporate

    Listing date Oct 18, 2024

    Source Moodyscre

    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 The Kase Group - Corporate

    HighLights

    • 25‑year absolute NNN lease with 18+ years remaining, providing a long‑term, stable investment.
    • CVS Health corporate lease (NYSE: CVS) with S&P BBB investment‑grade credit rating, ensuring financial security.
    • Zero landlord obligations, offering a completely passive income stream.
    • New, high‑quality 2018 construction, minimizing potential maintenance costs.
    • Located on a major commercial thoroughfare at a signalized intersection, maximizing visibility and accessibility.
    • Property includes a drive‑thru pharmacy, adding convenience and increasing customer traffic.

    Overview

    This property features a CVS/pharmacy operating under a 25-year absolute NNN lease, with over 18 years remaining. Constructed in 2018, the building represents a high-quality, new build, replacing an older store that had sales of nearly $11 million. The lease has no kick-outs or rent holidays and includes scheduled rent increases. The lease is backed by CVS Health corporate, which is NYSE listed (CVS) and S&P rated BBB, indicating investment-grade credit. The property, which includes a drive-thru pharmacy, is situated on a major commercial thoroughfare at a signalized intersection. The property size is 11,945 square feet and represents 100% fee simple interest.
    Location Intelligence

    Current Use by Public Records

    CVS Photo (Bike/Boat/Book/etc) Store CVS Cosmetic Store CVS Pharmacy Pharmacy Benosky Teresa A Pharmacy UPS Access Point ... Courier Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Benosky Teresa A — 241 Mohawk Ave, Scotia, NY 12302
    • Brian Pearsall, PharmD — 241 mohawk ave, scotia, ny 12302
    • Joyce Goodrich — 241 Mohawk Ave, Scotia, NY 123022128
    • Brian Pearsall — 241 Mohawk Ave, Scotia, NY 123022128
    • Silky Body Sculpting — 127 mohawk ave, scotia, ny 12302

    Location Insight

    • Map
    • Local Demand
    City
    Scotia
    County
    Schenectady
    State
    New York
    Longitude
    -73.9671
    Latitude
    42.8271

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    FAQs

    What type of property is this?
    Drug store - CVS Pharmacy with long-term absolute NNN lease.
    Where is this drug store located?
    The property is located at 241 Mohawk Ave Scotia, NY.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: 25‑year absolute NNN lease with 18+ years remaining, providing a long‑term, stable investment.; CVS Health corporate lease (NYSE: CVS) with S&P BBB investment‑grade credit rating, ensuring financial security.; Zero landlord obligations, offering a completely passive income stream.
    (925) 348-1844 Call to check price and availability
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    Contact for Pricing
    Please call us for current price
    and status of this listing Kase Abusharkh
    Kase Abusharkh
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