Walgreens 4357 Ny Highway 150
9,179 SF Retail Building West Sand Lake, NY 12196 £4,827,166 (£525.89/SF) 11% Net Initial Yield
EXECUTIVE SUMMARY
• Positioned within the Albany MSA – Ranked #63 in the United States for population size
• Walgreens took over this location from Rite Aid in 2018
• NNN – No landlord responsibilities
• Located along New York Hwy 150 (13,061 VPD)
• 29,100 people live within ?ve miles of the property
• Average household income within a ?ve-mile radius is $140,385
• Neighboring tenants include Hannaford Supermarket, Subway, Dunkin’, Trustco Bank, USPS, & NAPA Auto Parts
• Limited competition in the area – the nearest national competitor pharmacy is located ?ve miles north
• Walgreens took over this location from Rite Aid in 2018
• NNN – No landlord responsibilities
• Located along New York Hwy 150 (13,061 VPD)
• 29,100 people live within ?ve miles of the property
• Average household income within a ?ve-mile radius is $140,385
• Neighboring tenants include Hannaford Supermarket, Subway, Dunkin’, Trustco Bank, USPS, & NAPA Auto Parts
• Limited competition in the area – the nearest national competitor pharmacy is located ?ve miles north
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,179 SF
Building Class
C
Year Built
2005
Price
£4,827,166
Price Per SF
£525.89
Net Initial Yield
11%
NOI
£530,988
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
2.37 AC
Parking
46 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalised Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Walgreens
- -
- -
- -
- Oct 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Walgreens | - | - | - | Oct 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4000-146.4-2-16 | Improvements Assessment | £1,465,489 |
| Land Assessment | £308,524 | Total Assessment | £1,774,013 |
