202 Broad St Glens Falls, NY 12801-4146
- Investment properties
- 0.07 lot acres
Current Use by Public Records
- Walgreens Pharmacy / Pharmacy
- Walgreens / Beauty Supply Store / Convenience Store
- Walgreens Photo / Passport Photo Processor / Photo Lab
- WellNow Urgent Care / Urgent Care Center
- FedEx OnSite / Mailing Service
Property Details for 202 Broad St
- Lot size
- 0.07 lot acres
- Zone code
- GC2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 520500 309.11-5-43.4
- APU
- 520500309115434
Description
This exceptional investment opportunity presents a 14,820 square foot Walgreens located at 202 Broad St, Glens Falls, NY 12801. Built in 2009, this single-story building boasts a highly visible, signalized corner location with multiple points of access, including a drive-thru, curbside pickup, and delivery services. The property features a 25.4-year absolute triple-net (NNN) lease, offering a truly passive investment with zero landlord responsibilities. With 9.5 years remaining on the lease (expiring 05/31/2034), the property offers a compelling 7.13% cap rate and a price per square foot of $404.86. The asking price is $6,000,000. Benefiting from strong medical drivers, the location is situated near Glens Falls Hospital, a 410-bed community hospital with 28 off-campus facilities, as well as other medical providers including Wellnow Urgent Care, Gateway Dermatology, and Adirondack Oral and Maxillofacial Surgery. This is a rare chance to acquire a stable, high-performing retail asset in a desirable location with significant long-term potential.
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
- Glens Falls
- County
- Warren
- State
- New York
- Longitude
- -73.6621
- Latitude
- 43.3019
- CBSA code
- 24020
- CBSA name
- GLENS FALLS, NY METROPOLITAN STATISTICAL AREA
