CVS/pharmacy

74 Main Ave, Wyantskill, NY
$4,150,000 · 5.09% CAP · 15 Yr. Lease · Single Tenant Net Lease
Available

Location

74 Main Ave, Wyantskill, NY

Sale Price: $4,150,000
CAP Rate: 5.09%
Net Operating Income: $211,400
Building Size: 8,775 SF
Lot Size: 1.0 Acre
Year Built: 1996

This is a rare CVS/pharmacy net leased offering in Upstate New York. The lease calls for minimal landlord obligations with scheduled rental increases at each of the four 5 year options. The asset is well situated on a major commercial thoroughfare and is surrounded by major retailers including McDonald’s, Dunkin’ Donuts and Family Dollar. The landlord is responsible for the roof, structure and parking surface. Parking lot has been newly paved. There is additional income through management fees and CAM reimbursement from both the tenant and the tenant of the adjacent property which shares parking with the subject property.

Wynantskill is a hamlet and census-designated place (CDP) in Rensselaer County, New York. The population was 3,276 at the 2010 census. Wynantskill is located at the north town line and the northeast corner of the town of North Greenbush. The community is a suburb of Troy. NY Route 66 (Pawling Ave. in Troy, Main Ave. in Wynantskill) is the main route throughout the community. Wynantskill has a major grocery store, several banks, a restaurant, convenience stores, a post office, and a bowling alley, with almost all houses located on side streets off Main Ave. Other major roads are Whiteview Road, a primarily residential road that leads to Route 4; and West Sand Lake Road.

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Presented By

Jacob Abusharkh

Managing Principal

415.269.2474
925.406.0813
BRE# 01385529

Jacob Abusharkh is the Managing Principal and co-founder of The Kase Group (TKG). TKG specializes in the sale of single and multi-tenant net leased retail and industrial assets across the country. Prior to going independent of SVN, TKG was one..