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Walgreens NNN Retail Property
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96 Dolson Avenue, Middletown, NY 10940

Single-tenant pharmacy property with a double-net lease and drive-through service configuration.

Property SizeContact for details
Days on Market144

Property Features for 96 Dolson Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: SAB Capital
Listed By: Zach Weiss · License #NY 10401237727
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 2:50AM

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 SAB Capital

Investment Insights

Based on property information with market context.

This Walgreens property in Middletown, New York, was built in 2007 as a Rite Aid relocation store and later received the full Walgreens rebranding. The building was upgraded to the Wellness Concept and includes a double drive-through and GNC store-within-a-store format. The lease has 10 years remaining on its original 20-year term, carries a double-net structure, and is guaranteed by a wholly owned Walgreens Boots Alliance subsidiary.

The property fronts Dolson Avenue for more than 225 feet along a thoroughfare serving more than 605,000 square feet of retail. National retail anchors in the surrounding area include National Wholesale Liquidators and ShopRite. Traffic at the site exceeds 21,000 vehicles daily. Orange Regional Medical Center is less than five miles away, while Orange County Community College is located half a mile north and enrolls more than 6,000 students.

Key Highlights

  • 10 years remain on the original 20‑year double‑net lease
  • Lease guaranteed by a wholly owned Walgreens Boots Alliance subsidiary
  • More than 225 feet of frontage along Dolson Avenue

Property Analytics

Current Use

FedEx OnSite Postal Service Walgreens Pharmacy Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy higi Physician

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

576
Businesses Nearby
186k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 39% Shops & Services 29% Groceries 26% Electronics 4%
ShopRite Groceries
49,085 visits/mo 0.3 miles
McDonald's Dining
33,191 visits/mo 0.2 miles
Wendy's Dining
15,317 visits/mo 0.4 miles
Dollar Tree Shops & Services
15,020 visits/mo 0.2 miles
IHOP Dining
11,142 visits/mo 0.3 miles

Demographics for 10940, NY

52,803
Population
19,930
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
63.1 sq mi
ZIP Area
837
Density / Sq Mi
$87,198
Median Household Income
$46,435
Median Earnings
$1,600
Median Rent
$301,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Single-tenant pharmacy property with a double-net lease and drive-through service configuration.
Where is this nnn property located?
The property is located at 96 Dolson Avenue Middletown, NY.
What are key features of this property?
This property features: 10 years remain on the original 20‑year double‑net lease; Lease guaranteed by a wholly owned Walgreens Boots Alliance subsidiary; More than 225 feet of frontage along Dolson Avenue
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