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202 Broad St
Glens Falls, NY 12801

$4,800,000 USD

Drugstore For Sale  •  14,550 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,550 SF
  • Lot Size 0.38 AC
  • Building Class C
  • Year Built 2008
  • Cap Rate 9.06 %
  • Tenancy Single
  • Zoning 05
0 Transit Score
62 Walk Score

Highlights

ABSOLUTE NET LEASE - NO LANDLORD RESPONSIBILITIES The tenant operates under an absolute NNN lease, resulting in no landlord responsibilities
8+ YEARS REMAINING ON INITIAL 25 YEAR LEASE Walgreens executed a 25-year corporate lease which commenced on 6/1/2008 and has 8+ years remaining
GLOBAL LEADER IN HEALTHCARE PHARMACY AND RETAIL Walgreens is a leading integrated healthcare, pharmacy, and retail operator serving millions
PRIME HIGHWAY ACCESS & STRONG VISIBILITY The property benefits from proximity to I-87, exposing it to 44,000+ AADT & fronting Broad Street 16,000+ AAD
STRATEGIC LOCATION AMONG LEADING NATIONAL & REGIONAL BRANDS: site benefits from 2021-built 72-unit apartment community & cluster of national retailers
PROXIMITY TO 391 BED GLENS FALLS HOSPITAL Situated Within Close Proximity to Glens Falls Hospital , a 391-Bed Community Hospital

Property Flyers

Cap Rate: 9.06 %

Amenities

  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Fort Edward Amtrak (Adirondack - Amtrak, Ethan Allen Express - Amtrak) 16 min - 8.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Darpan Patel 513-325-8682 Marcus & Millichap
Darpan Patel 513-325-8682 Marcus & Millichap