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CVS 485 Columbia St

10,880 SF Retail Building Cohoes, NY 12047 £2,287,161 (£210/SF) 6.50% Net Initial Yield

Investment Highlights

  • CVS Just Extended for 15 Years Proving Strong Commitment to the Site.
  • Nearly 150,000 people within a 5-Mile radius
  • The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P
  • Property sits on a highly desirable 1.10 acre parcel at a signalized intersection
  • Opportunity to Acquire 15 Year CVS at Low Price Point due to Replaceable Rents
  • Less than .5 mile walk from Cohoes High School ~ 540+ student enrollment

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,880 SF
Building Class
C
Year Built
2001
Price
£2,287,161
Price Per SF
£210
Net Initial Yield
6.50%
NOI
£148,665
Tenancy
Single
Number of Floors
1
Building FAR
0.23
Lot Size
1.10 AC
Zoning
01
Parking
60 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
98 ft on Baker Ave Ave

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010300-010-013-0001-009-000-0000
Land Assessment
£234,735
Improvements Assessment
£707,660
Total Assessment
£942,395
  • Listing ID: 31153226

  • Date on Market: 07/03/2024

  • Last Updated:

  • Address: 485 Columbia St, Cohoes, NY 12047

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