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13 Port Watson St
Cortland, NY 13045

Price Upon Request

Drugstore For Sale  •  10,318 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 10,318 SF
  • Lot Size 1.1 AC
  • Building Class C
  • Year Built 1998
  • Tenancy Single
  • Zoning 05 - COMME
0 Transit Score
78 Walk Score

Highlights

CVS has been successfully operating here since 1998 and has extended its lease numerous times, most recently for another 10 years.
The State University of New York (SUNY) College at Cortland is located just 0.5 miles from CVS with over 6,800 students enrolled.
The lease is corporately guaranteed by CVS, an investment grade credit tenant, rated “BBB” by Standard & Poor's.
At $2.8M this is a small price point for an investment grade pharmacy with lease term.
In-town, easily walkable location surrounded by numerous local businesses, restaurants and residential homes.
CVS is ideally located just 1 mile from the on/off ramps of I-81 with traffic counts over 22,000 vehicles per day.

Major Tenants

Tenant SF Occupied Lease End Date
CVS Pharmacy 10,125 SF 1/31/2019

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Ithaca Tompkins International 31 min - 19.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes