163 Robinson St Binghamton, NY 13904

This exceptional investment opportunity presents a fee-simple interest in a 10,125-square-foot CVS Pharmacy located at 163 Robinson St, Binghamton, NY 13904. The property, built in 1997 and renovated in 2022 (including a new parking lot), sits on a 1.01-acre lot and enjoys a prime location on a signalized corner with high traffic volume (over 13,300 vehicles daily). The property is currently 100% occupied under a triple-net (NNN) lease with CVS Pharmacy, a credit-rated tenant with a corporate guarantee and a "BBB" rating from S&P. The lease commenced February 20, 1997, and expires January 31, 2033, with two five-year options, each including an 8% rent increase. The current net operating income (NOI) is $242,400, resulting in a 7.00% cap rate. The property benefits from excellent demographics, with over 99,000 residents within a five-mile radius, including proximity to Binghamton University (18,000+ students) and Calvin Coolidge Elementary School. Nearby national retailers include Weis Markets, Dick's Sporting Goods, Dollar General, KFC, NBT Bank, and Walgreens. This offering provides a stable, long-term investment with significant upside potential. The asking price is $3,462,850 ($342.01 per square foot).