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Property summary
This exceptional investment opportunity presents a fee-simple ownership of a Walgreens pharmacy in Cambridge, NY. The 11,984 square foot building, constructed in 2008, sits on a 0.99-acre lot with 32 parking spaces and is located at a signalized intersection with high visibility. The property boasts a strong 100% occupancy rate with a corporate-guaranteed, absolute NNN lease. The current lease, commencing October 31, 2023, and expiring October 31, 2038, offers a remaining term of 14 years,… with twelve 5-year renewal options. The lease includes scheduled 5% rental increases every five years, providing a hedge against inflation and consistent NOI growth. The property's Net Operating Income (NOI) is $182,760, resulting in a 6.25% cap rate at the asking price of $2,924,000 ($243.99/sq ft). The property is zoned MU (Main Street Mixed Use) and benefits from a strong tenant synergy with nearby national retailers, including Dollar General, O'Reilly Auto Parts, Subway, and Ace Hardware. The location is further enhanced by its proximity to Cambridge Central High School, serving 394 students. The 5-mile trade area boasts a population exceeding 5,000 residents and 1,000 employees, with an average household income of $86,182. This presents a low-management, high-return investment with significant long-term potential. The APN is 535001 256.17-1-24.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
4 recorded sales · 8 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 11,984 SF
- Lot area
- 0.99 ac
- Year built
- 2008
- Stories
- 1
- APN
- 535001 256.17-1-24
- Zoning
- MU
- Assessed value · 2023
- $1,900,000
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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