79 North St Cortland, NY 13045
- Retail properties
- 11,324 SF
- 2.32 lot acres
Current Use by Public Records
- Retail properties
Property Details for 79 North St
- Year built
- 2018
- Lot size
- 2.32 lot acres
- Property size
- 11,324 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a 11,324 square foot Walgreens pharmacy located at 79 North Street, Dryden, NY 13045. The property boasts a strong 7.00% cap rate and a long-term, absolute triple net (NNN) lease with 13.6 years remaining until June 30, 2038. Built in 2018, this single-story building sits on a 2.32-acre lot with 344 feet of frontage on State Route 13, a major retail corridor, ensuring excellent visibility and accessibility. The property's 100% occupancy and franchisee tenant provide exceptional stability. The asking price is $3,481,885, translating to a price per square foot of $307.48. The lease commenced June 8, 2018, and is categorized as a single-tenant, absolute NNN lease. Adjacent to the property is pre-approved land for development of up to 5,700 square feet, including a drive-thru option. The property is zoned for commercial business use. This is a rare opportunity to acquire a high-performing, net-leased Walgreens in a prime retail location.
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
- Cortland
- County
- Tompkins
- State
- New York
- Longitude
- -76.2981
- Latitude
- 42.4973
