1929 Us-20 Waterloo, NY 13165
- Retail properties
- 14,763 SF
- 1.30 lot acres
Current Use by Public Records
- Isalis / Women'S Clothing Store / Jewelry Store
- Party City / Party Store / Balloon Store
- Skunk Funk / Corporate Campus / Wholesaler
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 1929 Us-20
- Year built
- 2013
- Lot size
- 1.30 lot acres
- Property size
- 14,763 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple, Class A, 14,763 square-foot Walgreens located at 1929 US-20, Waterloo, NY 13165. The property boasts a prominent corner location on 1.3 acres, offering excellent visibility and accessibility within Waterloo's main retail corridor. Built in 2013, this single-tenant, absolute NNN leased property features a drive-thru and benefits from a credit-rated, corporate guarantee from Walgreens. The current lease, commencing July 1, 2010, has a remaining term of 5.6 years, with a total lease term of 20 years and six 5-year renewal options, including rent bumps. The property generates a strong NOI of $649,485, representing an 8.12% cap rate at an asking price of $7,995,000 ($541.56/sq ft). The property enjoys 100% occupancy since its opening on July 1, 2010, and is situated near other major retailers including Walmart Supercenter, Aldi, Tops Grocery Store, and McDonald's. Seller financing is available. This is a rare opportunity to acquire a stable, high-performing investment with a strong tenant and significant remaining lease term.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterloo
- County
- Seneca
- State
- New York
- Longitude
- -76.8368
- Latitude
- 42.9031
