4061 Ny 104 Williamson, NY 14589
- Retail properties
- 14,690 SF
- 2.36 lot acres
Current Use by Public Records
- Isalis / Jewelry Store / Gift Shop
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 4061 Ny 104
- Year built
- 2003
- Lot size
- 2.36 lot acres
- Property size
- 14,690 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple, single-tenant Walgreens pharmacy in Williamson, NY. The 14,690-square-foot building, constructed in 2003 and renovated in 2012, sits on a 2.36-acre lot at a signalized corner location on NY-104, experiencing over 15,000 vehicles daily. The property boasts a strong 7.59% cap rate, generating a net operating income (NOI) of $355,000. The absolute triple-net (NNN) lease with Walgreens, a Fortune 500 company, has four years remaining with three, five-year renewal options, ensuring minimal landlord responsibilities. The asking price is $4,675,000, translating to $318.24 per square foot. This prime location benefits from high visibility and proximity to other national retailers, including Burger King, McDonald's, Speedway, and Chase Bank. The property's strong tenant, favorable lease terms, and high-traffic location make it an attractive investment opportunity. The building is a one-story structure with 100% occupancy.
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
- Williamson
- County
- Wayne
- State
- New York
- Longitude
- -77.1879
- Latitude
- 43.2334
