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    OFF-MARKET
    Retail properties & Spaces

    4061 Ny 104, Williamson, NY 14589

    14,690 SF 2.36 ac lot Built 2003
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2003
    Total area 14,690 SF
    Lot 2.36 ac (102,802 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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