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We're selling Triple-Net-Pharmacy Nationwide

    Triple Net Walgreens For Sale Nationwide

    WALGREENS ABS NET LEASE 6.20% CAP 14,805 SF IRONDEQUOIT, NY

     Asking Price:$6,338,710  

    2100 E Ridge Road, Irondequoit, NY 14622  Property Type: Retail Remaining Term 61.4 years

     Rent Commencement 03/01/2006 Lease Expiration 02/28/2081 Square Footage14,805 Price/Sq Ft $428.15

    Cap Rate 6.20% NOI $393,000 Year Built 2006 Lot Size (acres)1.439  Courtesy of Marcus & Millichap 

    Contact Us

    Walgreens - 6.03% CAP CHESTERTOWN,New York

     Asking Price: $2,130,000 

     6272 U.S. 9, Chestertown, NY 12817

    Property Type Retail Investment Type Net Lease

    Lease Type NNN Tenancy Single
    Lease Expiration 08/31/2031 Remaining Term 11.8 years
    Cap Rate 6.03% NOI $128,496 Courtesy of Silber Properties

    Contact Us

    Walgreens 6.25% CAP 11,926 SF OSWEGO, NY

    Asking Price:$10,558,528 

     Property Type Retail Lease Type Absolute NNN
    Tenant Credit Credit Rated Tenancy Single
    Square Footage 11,926 Price/Sq Ft $885.34
    Cap Rate 6.25% NOI $659,908 Lease Options (3) 5 Year Options

     Courtesy of  Legacy Real Estate Advisors

    Contact Us

    For sale this Walgreens portfolio of six strong performing stores

    Located in Virginia, Georgia, North Carolina, Maryland, Massachussets and Texas.

    Walgreens (NYSE: WBA) is a publicly traded company with an S&P Credit Rating of BBB and is ranked #17 in the Fortune 500 (2019). Some financial highlights include 2018 Revenues of $131.537 billion and 2018 Net Profits of $5.024 billion. Walgreen Co. operates over 8,200 stores in all 50 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers, home care facilities, and specialty and mail service pharmacies.This is an opportunity for an investor to acquire six long term fee-simple Absolute NNN leases Walgreens with zero landlord responsibilies.

    7610 McPherson Rd, Laredo, TX 78041  & 6717 Richmond Hwy, Alexandria, VA 22306 

    2320 N Druid Hills Rd NE, Atlanta, GA 30329 & 2585 S Church St, Burlington, NC 27215

    1802 Main St, Chester, MD 21619 & 160 E Central St, Franklin, MA 02038 Courtesy of  Marcus & Millichap 

    Learn more - Contact Us

    Walgreens - Utica 6.06% CAP 14,820 SF NEW YORK MILLS, NY

    Asking Price: $5,450,000 

    Property Type Retail Investment Type 

    Net Lease Absolute NNN

    Tenant Credit Corporate Guarantee Tenancy Single

    Lease Expiration 03/31/2032 Remaining Term 12.3 years

    Square Footage14,820 Price/Sq Ft $367.75

    Cap Rate 6.06% NOI $330,000 Year Built 2007

    Lease Options 10, 5-year by JLL 

    Learn more - Contact Us

    Walgreens 15 Year NNN Lease 6.25% CAP 13,813 SF HORNELL, NY

     Asking Price: $5,398,064  Property Type Retail Lease Type NNN

    Tenant Credit Credit Rated, Corporate Guarantee Tenancy Single Lease Term 20 years Lease 02/24/2005 to 02/02/2025

    Expiration 03/31/2034 Remaining Term 14.3 years

    Square Footage 13,813 Price/Sq Ft $390.80

    Cap Rate 6.25% NOI $337,379 Lot Size (acres) 1.71

    Rent Bumps No Lease Options 4 - Five Year Options

    Ownership Fee Simple  by Marcus & Millichap 

    Learn more - Contact Us

    Walgreens 15 Year NNN Lease 6.25% CAP 13,813 SF BARNEVELD, NY

     Asking Price:$4,870,896 

    Property Type Retail Lease Type NNN Tenant Credit Corporate Guarantee

    Lease Term 20 years Lease Commencement 07/20/2005 Lease Expiration 03/30/2034 Remaining Term 14.3 years

    Square Footage 13,813 Price/Sq Ft $352.63 Cap Rate 6.25% NOI $304,431

    Year Built 2003 Lot Size (acres) 2.5 Rent Bumps No Lease Options 4- Five Year Options Ownership Fee Simple

    We're pleased to present for sale this Net Leased Rite Aid (now backed by Walgreens as of February 2018) located at 8052 State Route 12, Barneveld, New York in Oneida County, less than an hour drive due East from Syracuse, New York and an hour and a half North West of Albany, New York. There is no direct Walgreen’s competition in the area; the closest Walgreen’s is 15 miles away in Utica, New York. Courtesy of  Marcus & Millichap  

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    Walgreens 6.75% CAP 12,696 SF SCHENECTADY, NY

     Asking Price:$3,828,266 

    Property Type Retail Investment Type Net Lease

    Lease Type NNN Tenant Credit Corporate Guarantee

    Tenancy Single Lease Term 5 years

    Lease Commencement 05/31/2019 Lease Expiration 05/31/2024

    Remaining Term 4.5 years Square Footage 12,696 Price/Sq Ft $301.53

    Cap Rate 6.75% NOI $258,408 Year Built 1997 Lot Size (acres) 0.95

    Ownership Fee Simple 

    Courtesy of Marcus and Millichap 

    Learn more & Contact Us

    WALGREENS W/ RARE RENTAL INCREASES 7.00% CAP 14,490 SF WATERTOWN, NY

    Asking Price: $5,800,000 

    Property Type Retail Sub Type Drugstore Investment Type Net Lease

    Investment Sub Type Drugstore Lease Type Absolute NNN

    Tenant Credit Corporate Guarantee, Credit Rated Tenancy Single Lease Term 75 years Rent 07/30/2006 to 07/30/2081 

    Remaining Term 61.7 years Square Footage 14,490 Price/Sq Ft $400.28

    Cap Rate 7.00% NOI $406,000 Year Built 2006 Lot Size (acres) 1.53   Courtesy of Marcus & Millichap  

    Learn more & Contact Us

    Walgreen's near Boston MA Rent Increases 5.75% CAP 14,820 SF BRIDGEWATER, MA

     Asking Price: $12,245,000 

    Property Type Retail Lease Type Absolute NNN Tenancy Single Lease Term 75.1 years

    Lease Commencement 09/22/2008 Lease Expiration 09/30/2083 Remaining Term 63.9 years

    Square Footage 14,820 Price/Sq Ft $826.25 Cap Rate 5.75% NOI $704,000 Year Built 2008 Lease Options 10 x 5-Years

    For Sale The 14,820 Sf Walgreens Located At The Nec Broad Street & Summer Street, Bridgewater, Ma. This Opportunity Includes An Investment-grade Tenant With An Absolute Triple Net Lease With Fixed Built-in Rental Increases, Located In An Area With Minimal Competition, 

    Providing For A Secure Investment. Courtesy of Nai Capital, Inc.

    Contact Us

    Walgreens 6.00% CAP 15,120 SF FAIRHAVEN, MA

    Remaining Term 12.9 years Net Rentable (sq ft) 15,120

    Price/Sq Ft $362.10 Cap Rate 6.00% Occupancy 100%

    NOI $328,500 Year Built 2002 Buildings 1

    Lot Size (acres) 1.7 Rent Bumps No

    7, 5-Year Options Ownership Fee Simple

    Courtesy of  Horvath & Tremblay

    Learn more & Contact Us

    Price Reduction - Walgreens 6.00% CAP 14,820 SF SPRINGFIELD, MA

    Investment Type Net Lease Lease Type NNN

    Tenancy Single Lease Expiration 12/30/2031

    Remaining Term 12.1 years Square Footage 14,820

    Price/Sq Ft $411.02 Cap Rate 6.00% NOI $365,475 Year Built 2006

    Buildings 1 Stories 1 Lot Size (acres) 1.82 Ownership Fee Simple

    Learn more & Contact Us

    Walgreens 8.00% CAP | 14,000 SF | JACKSONVILLE, FL

     Asking Price: $1,802,500 

    Property Type Retail Investment Type Net Lease Lease Type NN Tenancy Single Lease Term 25 years

    Lease Commencement 11/18/1996 Lease Expiration 11/30/2021 Remaining Term 2 years Square Footage 14,000Price/Sq Ft $128.75 

    Cap Rate 8.00% NOI $144,200Year Built 1996 Buildings 1 Stories 1 Lot Size (acres) 1.45 Lease Options 4, 5-Year Ownership Fee Simple

    • Walgreens in Jacksonville, FL | The Largest City in Florida | Income Tax Free State
    • More Than Two Years Remaining on a Double Net (NN) Lease | Tenant Extended the Lease in 2016
    • Corporate Guaranty | NASDAQ: WBA | #17 in Fortune 500 (2019)
    • Capital Improvements | Roof was Replaced in 2017 | 20 Year Warranty
    • Signalized Hard Corner Location | More Than 20,000 Vehicles Per Day (VPD)
    • Strong and Growing Demographics | More Than 195,000 Residents Within 5 Miles | 15 Percent Growth from 2010
    • Out Lot to a Publix Anchored Shopping Center | More Than 700,000 Square Feet of Retail
    • Additional Tenants in the Immediate Vicinity Include: McDonald’s, Wendy’s, Hardee’s, and Many More. Courtesy of SAB CAPITAL LLC  

    Contact Us

    PRICE REDUCTION - Walgreens 6.00% CAP 14,820 SF SPRINGFIELD, MA

     Asking Price: $6,091,250  Property Type Retail Investment Type Net Lease Lease Type NNN Tenancy Single Lease Expiration 12/30/2031 Remaining 12.1 years Sq Ft 14,820 Price/Sq Ft $411.02 Cap Rate 6.00%

    NOI $365,475 Year Built 2006 Buildings 1 Stories 1

    Lot Size (acres) 1.82 Ownership Fee Simple  Courtesy of SAB CAPITAL

    Contact Us

    Walgreens | New 15 Yr Abs. NNN 15 YEAR NNN Strong Store Sales History SCHERERVILLE, IN

     Asking Price: $6,415,094 

    Property Type Retail Investment Type Net Lease

    Lease Type NNN Rent 10/25/2019 to 10/25/2034

    Remaining Term 14.9 years Square Footage 15,120 Price/Sq Ft $424.28

    Cap Rate 5.30% NOI $340,000 Courtesy of SAB Group

    Contact Us

    Walgreens + Keller Williams 6.50% CAP | 19,111 SF | PT PLEAS BCH, NJ

    Asking Price: $6,775,000 

    Property Type Retail Investment Type Net Lease Lease Type NNN Tenant Credit Corporate Guarantee Tenancy Multi Number of Tenants 2

    Square Footage 19,111 Price/Sq Ft $354.51 Cap Rate 6.50% Occupancy 100% NOI $440,090 Units 2 Year Built 2009 Buildings 1 Stories 1

    Lot Size (acres) 2.92 Parking (spaces) 72 Ownership Fee Simple   Courtesy of Marcus Millichap

    • 2 Tenant Retail Center 19,111 SF – Located at 1513 Richmond Ave, Point Pleasant, Ocean County, New Jersey 
    • Walgreens Corporate Guarantee – Operating at This Location for Over 10 Years – Includes Drive Thru 
    • Walgreens - NNN Lease with 10% Increases Every 10 Years 
    • Keller Williams Realty Ocean Living – Brand New Fit Outs in 2017 – Approx. 150 Agents at This Keller Williams Office

    Contact Us

    115 Morris Avenue 13,369 SF SPRINGFIELD TOWNSHIP, NJ

     Asking Price: $11,500,000 

    Property Type Retail Sub Type NNN Lease

    Investment Type Net Lease Lease Type Absolute NNN

    Tenant Credit Corporate Guarantee Tenancy Single

    Square Footage 13,369 Price/Sq Ft $860.20

    Year Built 2013 Buildings 1 Stories 1 by GFI Realty Services LLC 

    Contact Us

    Walgreens Vineland 5.75% CAP 14,000 SF VINELAND, NJ

     Asking Price: $9,043,479 

     Investment Type Net Lease Lease Type Absolute NNN

    Tenancy Single Lease Term 25.1 years Lease 10/06/2008-10/31/2033 Remaining Term 13.9 years Square Footage 14,000 Price/Sq Ft $645.96 Cap Rate 5.75% NOI $520,000 Units 1 Year Built 2007 Lot Size 2.68 AC

    Lease Options(10) 5-Year Options By Landmark Real Estate 

    Contact Us

    Walgreens 6.85% CAP | 14,820 SF | KILMARNOCK, VA

    Asking Price: $5,110,000 

    Property Type Retail Sub Type DrugstoreInvestment Type Net LeaseClass A Lease Type Absolute NNN Tenant Credit Rated, Corporate Guarantee

    Tenancy Single Rent Commencement 03/15/2008 Lease Expiration 03/29/2033 Remaining Term 13.3 years Net Rentable (sq ft) 14,820 

    Price/Sq Ft $344.80 Cap Rate 6.85% Occupancy 100% Occupancy Date 03/15/2008 NOI $350,000 Units 1 Year Built 2008 Buildings 1 Stories 1

    Lot Size (acres) 2.7 Rent Bumps No Lease Options 50 - 1 Year Options Ground Lease No Ownership Fee Simple Courtesy of  RDO Investments 

     is pleased to present a fee simple, single tenant, 14,820 square foot Walgreens in Kilmarnock, Virginia. The property is strategically located in the main retail thoroughfare of North Main Street in Kilmarnock, Virginia. The property was constructed in 2008 and has excellent visibility and good ingress and egress. The tenant signed an original 25 year lease in 2008 and fifty, one year options. The lease is pure NNN, with no Landlord Responsibilities whatsoever.The property can be purchased as a portfolio sale or on a one off basis.

    Contact Us

    Walgreens 7.00% CAP | 13,865 SF | RICHMOND, VA

     Asking Price : $2,880,323

    Property Type Retail Sub Type Pharmacy 

    Investment Type Net Lease Lease Type NN+

    Corporate Guarantee Tenancy Single Lease Term 31 years

    Lease 08/29/1996 - 08/29/1996 Expiration 08/29/2027

    Remaining Term 7.7 years Square Footage13,865

    Price/Sq Ft $207.74 Cap Rate 7.00% Occupancy 100%

    NOI $201,624Units1 Year Built 1996 Buildings 1

    Lot Size (acres)1.83 Lease Options(5) 5-Year Options

    Ground Lease No Ownership Fee Simple  Retail Investment Group  

    Contact US

    Walgreens 6.75% CAP | 14,564 SF CASTLETON-ON-HUDSON, NY

     Asking Price: $6,106,089 

     Property Type Retail Investment Type Net Lease

    Lease Type NN Tenancy Single

    Lease Expiration03/31/2027

    Remaining Term7.3 years

    Square Footage14,564 Price/Sq Ft $419.26

    Cap Rate 6.75% NOI $412,161

    Units1 Year Built 2000

     The Boulder Group  Lee & Associates

    Learn more

    TROPHY WALGREENS WITH 14-Yrs& 5% Bumps 5.25% CAP | 14,820 SF | WESTBROOK, CT

     Asking Price: $8,694,400 

     Property Type Retail Sub Type Drugstore Investment Type Net Lease Class A Lease Type Absolute NNN Tenant Credit Corporate Guarantee 

    Tenancy Single Lease Commencement 01/01/2007 Rent Commencement 03/31/2033 Net Rentable (sq ft) 14,820 Price/Sq Ft $586.67

    Cap Rate 5.25% Occupancy 100% Occupancy Date 01/01/2007 NOI $456,456 Year Built 2007 Buildings 1 Stories 1 Zoning C Lot Size (acres) 1.57

    Rent Bumps 5% Every 5 Years Lease Options Yes, 10, 5-Year Options Ground Lease No Ownership Fee Simple Courtesy of  Marcus & Millichap 

     For sale the 100% fee simple interest in the single-tenant Walgreens retail property located at 1211 Boston Post Road, Westbrook, Connecticut 06498 (the “Property”). Build-to-suit for Walgreens in 2007, the Property comprises a +/- 14,820 SF building on an active +/- 1.57-acre parcel, that is strategically positioned along Boston Post Road/Route 1 with nearly 12,000 vehicles per day. Subject located in Westbrook, CT is situated only blocks from the Shore Line East Commuter Rail Service Station, only 50 miles from the State Capitol, Hartford, 75 miles from Providence, RI, 100 miles from NYC, and 120 miles from Boston, MA . The Property benefits from its location, smack dab in the center of Westbrook, an area with above average household income of over $113,000 within 5 miles of the subject and about 12,000 households in the same area.Walgreens Boots Alliance is an investment grade tenant, rated “B1” by Creditntell.com, and traded on the NASDAQ under the ticker “WBA”. Walgreens is the first global pharmacy-led, health and wellbeing enterprise of it’s kind. The Company’s heritage of trusted health care services through community pharmacy care and pharmaceutical wholesaling dates back more than 100 years. It is the largest retail pharmacy chain in the U.S. and one of the world’s largest purchasers of prescription drugs, along with numerous health, beauty, and wellbeing products. Nearly 8 million customers interact with Walgreens in stores and online each day.

    Contact Us

    Walgreens & Chase 9.50% CAP 20,040 SF BRIDGEPORT, CT

     Asking Price: $4,542,201 

    Property Type Retail, Office Lease Type Absolute NNNTenancy Multi

    Square Footage 20,040 Price/Sq Ft $226.66 Cap Rate 9.50%

    NOI $431,509 Year Built 2004 Lot Size (acres) 1.73

    Courtesy of James Capital Advisors

    Contact Us

    WALGREENS W/ Rare Rental Increase 7.00% CAP 14,820SF Butler (Greater PITTSBURGH REGION), PA

     Asking Price: $6,579,714 

    Property Type Retail Investment Type Net Lease Absolute NNN

    Tenant Credit Corporate Guarantee Tenancy Single SF14,820

    Price/Sq Ft $443.98 Cap Rate 7.00%

    NOI $460,580 Year Built 2008 Lot Size (acres) 2.32 by Marcus Millichap

    Contact Us

    Walgreens 6.25% CAP | 13,650 SF | EAST NORRITON, PA

     Asking Price: $7,280,000 

     Property Type Retail  Lease Type Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single

    Lease Term 75 years Lease Commencement 08/01/2004 Lease Expiration 07/31/2079 Remaining Term 59.7 years

    Square Footage 13,650 Price/Sq Ft $533.33 Cap Rate 6.25% Year Built 2006 Lot Size (acres) 2.09 Ownership Fee Simple

    • Long Term Lease with 5-year Option Structure  * Medical Spending * Strong Demographics 
    • Philadelphia MSA * Nearby Retail Synergy * Prototype Store Format on Signalized Intersection
    • Nationally Recognized Investment Grade Tenant Courtesy of Matthews

    Contact Us

    Walgreens 5.50% CAP 14,640 SF CANONSBURG, PA

     Asking Price: $9,836,364 

     Property Type Retail Investment Type Net LeaseLease Type NNN

    Lease Term 76 years Lease Commencement 01/01/2010

    Lease Expiration 12/31/2085 Remaining Term 66.1 years

    Square Footage 14,640 Price/Sq Ft $671.88 Cap Rate 5.50%

    NOI $541,000 Lot Size (acres)1.4 Rent Bumps1.75% Increases 

    Every Five Years Beginning Year 26 Marcus Millichap

    Contact Us

    11635 East 13 Mile Road Warren, MI 48093 $4,676,906 Absolute Net Lease 7.5 Years 7.50% CAP

    * Stable Income from Walgreens Corporate, a Top 20 Fortune 500 Co.

    * Absolute Net Lease with No Landlord Responsibilities Whatsoever

    * Detroit MSA Location - * Busy Intersection with ±30,000 VPD

    * Average HH Income of $90,846 & Population of 204,235 in a 5-mi Radius * Major Medical Facilities Nearby - By Pharma Property Group

    Contact Us

    Opportunity Zone : Walgreens 7.50% CAP | 14,288 SF | DALLAS, TX

     Asking Price:$2,224,000 

    Property Type Retail Lease Type Net Tenancy Single Lease Term 5 years Lease Commencement 10/31/2018 Lease Expiration10/31/2023

    Remaining Term3.9 years Square Footage14,288 Price/Sq Ft$155.66 Cap Rate7.50% NOI $166,860 Year Built 1998 Lot Size (acres)2.88

    Lease Options Eight, 5-year Options Ownership Fee Simple - Courtesy of The Kase Group

     The subject property is a net leased Walgreens in Dallas, Texas. The lease calls for minimal landlord obligations. The twenty year lease ended in 2018, and the tenant is now exercising their first of eight 5-year renewal options beyond the initial term. The property is well-situated on a major retail corridor surrounded by natioanl retailers including 7-Eleven, Wendy’s and BB&T Bank. 

    Contact Us

    Walgreens 6.25% CAP | 15,047 SF | DALLAS, TX

     Asking Price: $5,375,000 

    Property Type Retail Lease Type Absolute NNN   

    Tenant Credit Corporate Guarantee Tenancy Single

    Lease Term 25.1 years Lease 07/01/2002 - 07/31/2027 

    Remaining Term 7.6 years Square Footage 15,047 Price/Sq Ft$357.21

    Cap Rate 6.25% NOI $335,949 Year Built 2000 Lot Size (acres)1.66

    Lease Options Ten, 5-Year Options Ownership Fee Simple:Matthews

    Contact Us

    Walgreens 6.25% CAP | 14,560 SF | DALLAS, TX

     Asking Price: $5,454,400 

    Property Type Retail Lease Type Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single Lease Term 25 years 

    Lease Commencement 04/01/2004 Lease Expiration 03/31/2029 Remaining Term 9.3 years Square Footage 14,560 Price/Sq Ft $374.62

    Cap Rate 6.25% NOI $340,900 Year Built 2004 Stories 1 Lot Size 1.74 Ten (10) Five (5) Year Options Ownership Fee Simple By Matthews

    Contact Us

    Walgreens OM Downloads

    Walgreens portfolio of six strong performing stores for sale (pdf)Download
    Walgreens - Fairhaven, MA (pdf)Download
    Walgreen's - Bridgewater, MA OM2 (pdf)Download
    Walgreens-Barneveld-NY-OM (pdf)Download
    Walgreens - New York Mills (Utica) - OM (pdf)Download
    Walgreens-Hornell-NY-OM (pdf)Download
    NY-Buffalo-Rite-Aid-OM (pdf)Download
    Walgreens-Mattydale-NY (pdf)Download
    Walgreens - Jacksonville, FL_OM (pdf)Download
    Walgreens - Springfield, MA_OM (pdf)Download
    Walgreens - Schererville, IN (pdf)Download
    1513 Richmond Ave Poit Pleasant NJ Offering Memorandum (pdf)Download
    Walgreens- 115 Morris Avenue Springfield NJ OM (pdf)Download
    Walgreens Vineland NJ-OM (pdf)Download
    Walgreens - Kilmarnock, VA (pdf)Download
    Walgreens-Schodack-NY (pdf)Download
    Walgreens - Westbrook, CT-OM (pdf)Download
    Walgreens_Chase_Bridgeport_CT (pdf)Download
    Walgreens-PA-Norriton-OM (pdf)Download
    Walgreens - 100 E McMurray Rd, Canonsburg, PA 15317 (pdf)Download
    Walgreens-For-Sale_Stone-Moutain_GA (pdf)Download
    Walgreens-For-Sale_Warren_MI (pdf)Download
    Walgreens-For-Sale_Farmington-Hills_MI (pdf)Download
    TX-Dallas-Walgreens-OM-1 (pdf)Download
    Walgreens - Dallas, TX (pdf)Download

    We're Selling CVS Nationwide ( East Coast)

    CVS Pharmacy 5.60% CAP | 10,125 SF | DUNKIRK, NY

     Asking Price: $3,764,285   

    Property Type Retail Lease Type NN Tenant Credit Credit Rated Tenancy Single Lease Expiration 01/31/2039 Remaining Term 19.2 years

    Square Footage 10,125 Price/Sq Ft $371.78 Cap Rate 5.60% NOI $210,800 Units 1

    For sale a single tenant net leased CVS Pharmacy located in Dunkirk, New York. CVS Pharmacy has successfully operated at this location since 2000 and CVS extended their lease in 2013 showing their commitment to the location. CVS has a long term lease with more than twenty years remaining. The CVS Pharmacy property features a drive-thru and has excellent visibility along Main Street. CVS Pharmacy is an investment grade rated company (S&P: BBB+) and publicly traded on the New York Stock Exchange using symbol “CVS”. The 10,125 square foot building is well located at the corner of a signalized intersection. Retailers in the immediate area include Save-A-Lot, Walgreens, KeyBank and Tim Hortons. The property is also located within close proximity to multiple residential communities, local businesses and schools including Dunkirk Middle School and Dunkirk High School (600+ students). The Walgreens property is located immediately off Interstate 90 and near Brooks Memorial Hospital.

    CVS Pharmacy has over twenty years remaining on their lease which expires January 31, 2039 and features four 5-year renewal option periods and one 4-year with 5% rental escalations in each option. CVS Pharmacy is the nation's drugstore chain and total prescription revenue and operates 9,800+ locations in 49 states, the District of Columbia, Puerto Rico and Brazil. Courtesy of  The Boulder Group

    contact-us

    CVS Pharmacy | Recent 10 Yr Extension | College Town Location | Smaller Price Point | 6.5% $3,004,430

    PROPERTY ADDRESS : 13 PORT WATSON ST. CORTLAND, NY 13045

    ESTABLISHED & SUCCESSFUL PHARMACY - CVS has been successfully operating here since 1998 and has extended its lease numerous times, most recently for another 10 years, showing a strong commitment to this location COLLEGE TOWN LOCATION
    The State University of New York (SUNY) College at Cortland is located just 0.5 miles from CVS with over 6,800 students enrolled

    INVESTMENT GRADE CREDIT - The lease is corporately guaranteed by CVS,an investment grade credit tenant, rated “BBB” by Standard & Poor's

    SMALL PRICE POINT - At just over $3M this is a small price point for an investment grade pharmacy with lease term

    DENSE INFILL SITE In-town, easily walkable location surrounded by numerous local businesses, restaurants and residential homes

    EASILY ACCESSIBLE CVS is ideally located just 1 mile from the on/off ramps of I-81 with traffic counts over 22,000 vehicles per day

    RENTAL INCREASES - There are 8% rental increases in each of the three, five year lease renewals remaining OM  VIDEO

    ALL BRICK CONSTRUCTION The property features all brick construction and offering low deferred maintenance. Courtesy of CBRE  

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    345 Main St - CVS 10,125 SF Retail Building Offered at $3,247,820 at a 7.25% Cap Rate in Johnson City, NY

    HIGHLIGHTS

    • CVS has been successfully operating here since 1997 and has extended its lease numerous times, most recently for another 5 years
    • Dense infill location directly across Main Street from UHS Medical Center, a 280 bed regional hospital
    • CVS is located immediately of Interstate 86, the main East/West corridor across Southern NY with traffic counts exceeding 63,000 vehicles per day
    • The lease is corporately guaranteed by CVS, an investment grade credit tenant, rated “BBB” by Standard & Poor's

    * At just over $3.2M this is a small price point for an investment grade pharmacy offering a going in yield of 7.25%

    * Excellent visibility along N Main Street, a major throughway in Johnson City with traffic counts of 12,500 vehicles per day

    * Sale Conditions-Investment Triple Net Tenancy : Single Property Type Retail Parking Ratio 6.22/1,000 SF Property Sub-type Drug Store Zoning Description CBD B/D Class BAPN  Lot Size1.26 AC.Courtesy of CBRE  OM  VIEW PROPERTY VIDEO

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    CVS Pharmacy - Queens, New York

    CVS - 10% INCREASES- BRAND-NEW 25-YEAR LEASE

    61-15 Metropolitan Avenue Ridgewood, NY 11385   VIDEO

    Price: $ 19,699,347 Occupancy 100% Building Size13,482 SFNo. Stories 1 Property Type Retail Tenancy Single Property Sub-type Free Standing Bldg Year Built 2012 Property Use Type Net Lease Investment with 10+ years left on lease Lot Size1.38 AC Cap Rate 5.68%  Courtesy of Marcus & Millichap  

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    CVS 5.67% CAP | 12,487 SF | STATEN ISLAND, NY

     Asking Price: $12,250,000 

    Property Type Retail Investment Type Net Lease Lease Type NNN

    Tenant Credit Corporate Guarantee Tenancy Single

    Term 25 years Lease 09/28/2013- 09/30/2038 Remaining 18.8 years

    Square Footage 12,487 Price/Sq Ft $981.02 Cap Rate 5.67%

    Occupancy Date 09/29/2013 NOI $694,300 Year Built 2013 Buildings 1

    Stories 1 Zoning C2-2, R3A,SRD Lot Size (sq ft) 42,100 

    Parking (spaces)35 Lease Options 25 year lease W/4-5 year options with a 10% increase every 10 years  Courtesy of Remax

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    CVS Pharmacy NNN •13 YEAR REMAINING• Close to Medical Centers Batavia,NY

     Asking Price: $5,434,983 

    Sub Type Drug Store Investment Type Net Lease  Type Absolute NNN

    Tenant Credit Credit Rated, Corporate Guarantee Tenancy Single

    Lease Expiration 01/31/2033 Remaining Term 13 years

    Square Footage 11,945 Price/Sq Ft $455 Cap Rate 6.00%  

    Occupancy 100% NOI $326,099 Units 1 Year Built 2006 Building 1

    Lot Size (acres) 1.4 Rent Bumps 5% Increase in each Option

    Lease Options 6, 5-Year Ownership Fee Simple By Stan Johnson Co.

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    CVS/Pharmacy - 7.50% Blended Cap Rate 7.25% CAP | 7,011 SF | HYDE PARK, NY

    CVS/Pharmacy located at 4170 Albany Post Road in Hyde Park, Dutchess County, New York, featuring rare annual rent increases to hedge against inflation and strategically located less than one-quarter mile north of the highly visited Franklin D. Roosevelt National Historic Site. The subject property consists of a single-story 7,011 square foot freestanding structure positioned on a one-acre lot with 48 parking spaces. This double net (NN) leased CVS/Pharmacy asset has just under four (4) years remaining on the lease base term (expiration January 2023) and features annual three (3) percent rent increases along with four, five year tenant options to extend. The lease is corporately guaranteed by CVS Health Corporation, the 7th largest company in the Fortune 500 index with an S&P credit rating of BBB and revenues of $194.6 billion for fiscal year 2018. 

    Details : Retail Lease Type NN Tenant Credit Corporate Guarantee Tenancy Single

    Lease Expiration 01/31/2023 Remaining Term 3.3 years Square Footage 7,011 Price/Sq Ft $328.06 Cap Rate 7.25% NOI $166,860

    Permitted Zoning Commercial/Retail Lot Size (acres)1 Parking (spaces) 48 APN 23-04-25-020392-008-04 Lease Options 4, 5-Year Option

    Rent Schedule Lease Type Double Net (NN) TERM START/END DATE INCREASES BLENDED CAP Base Nov. 2014 - Nov. 2019 Flat - Base Nov. 2019 - Jan. 2023 3% Annual 7.50% Option 1 Feb. 2023 - Jan. 2028 3% Annual 8.67% Option 2 Feb. 2028 - Jan. 2033 3% Annual 10.05% Option 3 Feb. 2033 - Jan. 2038 3% Annual 11.65% Option 4 Feb. 2038 - Jan. 2043 3% Annual 13.51%  Courtesy of Marcus & Millichap 

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    CVS Pharmacy 7.00% CAP 13,635 SF GAITHERSBURG, MD

     Asking Price: $3,985,000 

    Property Type Retail Lease Type Absolute NNN

    Tenant Credit Credit Rated Tenancy Single Lease Term 24.9 years

    Lease 03/31/2008 - 01/30/2033 Remaining Term13.2 years

    Square Footage 13,635 Price/Sq Ft $292.26 Cap Rate 7.00%

    Occupancy 100% NOI $278,907 Year Built 2008 Stories 1 Lot Size1.25

    Courtesy of Colliers International

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    CVS Pharmacy NEW PRICING & TERMS NEWLY SIGNED 18 YEAR LEASE Hagerstown, MD 21740

     Asking Price: $3,735,927 

    Property Type Retail Sub Type Drug Store Net Lease

    Lease Type NNtCredit Rated, Corporate Guarantee Tenancy Single

    Lease Term 18 years Lease 12/31/2017 - 01/30/2036 

    Remaining 16.2 years Square Footage 10,800 Price/Sq Ft $345.92

    Cap Rate 5.50% Occupancy 100% NOI $205,476 Year Built 2001

    Lot Size (acres) 1.08 Rent Bumps 6% in Option Periods

    Lease Options 4x 5 Year Ownership Fee Simple By:Marcus Millichap

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    Brand New 25-Year CVS Portfolio 531,065 SF | RUSSELLVILLE, AR

     Asking Price : Unpriced

    Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.

    New to the market, Thomas Company is pleased to offer for sale a portfolio of 44 CVS stores, in 20 states, totaling +/- 531,065 square feet of retail space. Each of the properties has a brand new 25-year lease which commenced in October 2019. The properties are offered as highly leveraged zero-cash-flow investments, with attractively priced, assumable loans on each property that fully-amortize prior to the expiration of each lease. The properties provide an investor with significant passive losses to help offset unsheltered cash flow from other real estate and are available individually, in pools, or as a portfolio.  

    Property Type Retail Investment Type Net Lease Lease Type NNN Tenant Credit Corporate Guarantee Tenancy Single

    Lease Commencement 10/17/2019 Rent Commencement 10/17/2019 Net Rentable (sq ft) 531,065 Occupancy 100%

    NOI $15,416,124 Year Built 2019 Buildings 44 Stories 1 Rent Bumps No Lease Options 10

    Brand New 25-Year Leases * 44 Properties in 20 States * Investment Grade Guarantee

    Properties available individually, in pools, or as a portfolio   Courtesy of  Thomas Company

    Contact Us

    CVS Pharmacy Pleasant Grove, AL

     13+ Years Remaining  Price: $4,275,000  

    * Established Location - In Operation Since 2001

    Lease is Corporately Guaranteed by CVS Health | S&P “BBB+” * Store Recently Approved for “Refresh Remodel” by CVS Five (5), Five-Year Option Periods with Rental Increases. * Prototypical Freestanding CVS Equipped with Drive-Thru *1-Mile Average Household Income: $65,533

    108 Park Rd  Pleasant Grove,AL 35127 CVS PHARMACY - BIRMINGHAM MSA  VIMEO  

    Courtesy of  Encore Real Estate Investment Services   

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    Brand New 25-Year CVS Portfolio 531,065 SF RUSSELLVILLE, AR

      Asking Price : Unpriced 

    Property Type Retail Investment Type Net Lease Lease Type NNN Tenant Credit Corporate Guarantee Tenancy Single

    Lease Commencement 10/17/2019 Rent Commencement 10/17/2019 

    Net Rentable (sq ft) 531,065 Occupancy 100%

    NOI $15,416,124 Year Built 2019 Buildings 44 Stories 1 Rent Bumps 

    No Lease Options 10 44 Properties in 20 States * Investment Grade Guarantee.  Courtesy of  Thomas Company  

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    CVS I 20 Year NNN | Richmond MSA 5.15% CAP | 10,107 SF | MECHANICSVILLE, VA

     Asking Price: $4,038,835 

     Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Tenant Credit Credit Rated Tenancy Single

    Lease Term 20 years Lease Commencement 10/01/2019 Lease Expiration 10/01/2039 Remaining Term 19.8 years Square Footage10,107

    Price/Sq F t$399.61 Cap Rate 5.15% Occupancy Date 08/01/2000 NOI $208,000 Year Built 2000 Lot Size (acres) 1.36

    Rent Bumps 7% in Options Lease Options 10-5 Year Ground Lease No Ownership Fee Simple

     Dallas Net Lease is please to present the opportunity to acquire a strong performing CVS located in the city of Mechanicsville, VA, an affluent suburb of Virginia. It sits at the intersection of Charter Gate Drive and Atlee Station Road, about 7 miles north of Richmond and a mile south of the Hanover Airport. The property is next to the Kings Charter development which is an established, sought after residential community with over 900 single family homes. CVS signed a new 20-year lease showing its strong commitment to the site. Following the initial term there are 10-5-year option periods that have 7% increases in each.  It is in a strong retail trade area being located next to Food Lion, McDonalds, BB&T, Walmart Neighborhood Market, The Home Depot, Sheetz and many more.  The interest being sold is Fee-Simple and the property will be delivered free and clear of debt. CVS is responsible for all maintenance and repairs, leaving the Landlord with zero responsibilities.  

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    CVS - UNIV. OF GEORGIA - NEAR HOSPITALS 5.35% CAP | 14,781 SF | Athens, GA $8,470,000

    Retail Sub Type NNN Investment Type Net Lease

    Class A Lease Type Absolute NNN Tenant Credit Credit Rated

    Tenancy Single Lease Expiration 01/31/2035 Remaining Term 15.3 years

    Square Footage 14,781 Price/Sq Ft $573.03

    Cap Rate 5.35% NOI $453,127 Units 1 Year Built 2009

    Stories 1 Lot Size (acres) 2.47 Parking (spaces) 63 

    Lease Options10, 5-Year Options Ownership Fee Simple

    795 Oglethorpe Ave, Athens, GA 30606  Courtesy of Marcus & Millichap   

    CVS.com

    CVS/Pharmacy - Limited Competition 5.64% CAP 11,945 SF DANVILLE, VA

    Property Type Retail Sub Type NNN Investment Type Net Lease
    Class A Lease Absolute NNN Corporate Guarantee Tenancy Single
    Lease Expiration 01/31/2034 Remaining Term 14.3 years
    Square Footage 11,945 Net Rentable (sq ft) 11,945
    Price/Sq Ft $447.89 Cap Rate 5.64% NOI $301,789
    Year Built 2008 Stories 1 Lot Size (acres) 1.3 Parking (spaces) 69
    Rent Bumps Yes Lease Options 10, 5-Year Options
    Ownership Fee Simple  Courtesy of Marcus & Millichap 

    CVS.com

    CVS/Pharmacy 6.75% CAP | 8,000 SF | DANVILLE, VA

     Asking Price: $3,729,140 

     Property Type Retail Lease Type Absolute NNN Tenant Credit Credit Rated Tenancy Single Lease Term 25.1 years 

    Lease Commencement 12/19/2007 Lease Expiration 01/30/2033 Remaining Term 13.2 years Square Footage 8,000 Price/Sq Ft $466.14

    Cap Rate 6.75% Occupancy 100% NOI $251,717 Year Built 2007 Lot Size (acres) 3.71 Lease Options 2 (5) Year Options Ownership Fee Simple

     This is a rare CVS/pharmacy absolute net leased offering in Danville, Virginia. The lease calls for zero landlord obligations with two 5 year options at 90% of prior rent, then eight 5 year options at FMV, along with a rent holiday for the last three years of the lease. The asset is well situated on a major commercial thoroughfare and is nearby PATHS Community Medical Center.  Courtesy of The Kase Group

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    JUST LISTED Long-Term CVS Florida Tax Free State

     5610 OVERSEAS HIGHWAY, STOCK ISLAND, FLORIDA 

    Ownership Type Fee Simple Price :$9,220,000 Cap Rate:4.70% Current Rent: $433,320 Lease: Triple Net Remaining Term:Approx. 20+ years   

    Renewal Options: Yes Building Sq. Ft.:14,600 Site Size:2.51  

    Courtesy of  STREAM Capital Partners 

    Contact Us - More Details

    CVS $5,191,567 | 6.00% CAP | West Palm Beach, FL

    Property Type Retail Tenancy Single Net Lease Lease  Absolute NNN

    Lease Expiration 07/23/2027 Remaining Term 7.8 years

    Square Footage 12,739 Price/Sq Ft $407.53

    Cap Rate 6.00% NOI $311,494 Units 1 Year Built 2002

    Lease Options Five 5 Year Courtesy of The Boulder Group 

    Contact Us - More Details

    CVS Pharmacy 6.25% CAP | 14,110 SF | BALTIMORE, MD

     Asking Price: $1,696,000 

    Property Type Retail Lease Type Net Tenant Credit Corporate Guarantee, Credit Rated Tenancy Single Lease Term 35 years

    Lease Commencement 03/26/1995 Lease Expiration 03/31/2030 Remaining Term 10.3 years Square Footage 14,110 Price/Sq Ft $120.20

    Cap Rate 6.25% Occupancy 100% NOI $106,000 Year Renovated 2004 Lot Size (acres) 0.48 Parking (spaces) 18  Three (3) Five (5) Year Options

     This CVS offers a 10 year net lease, with a corporate guaranty.- Courtesy of Cushman Wakefield

    With 29,102 vehicles per day directly in front of the property, and a central location in a large city, the store boasts strong sales and significantly below market rent. CVS has exercised an early extension for 11 years, demonstrating a long term commitment to the location.

    This is a rare “hands-off” investment opportunity to purchase a long-term net leased pharmacy asset with proven success in the market.

    Contact Us

    CVS Pharmacy | Capview Exchange, LLC 5.50% CAP | 13,225 SF | POTTSVILLE, PA

     Asking Price: $6,653,127 

     Property Type Retail Sub Type Pharmacy Investment Type Sale/Leaseback Lease Type NNN Tenancy Single Lease Term 20 years 

    Remaining Term 20 years Square Footage 13,225 Price/Sq Ft $503.07 Cap Rate 5.50% Occupancy 100% NOI $365,922

    Year Built 2010 Lot Size (acres) 2.94 Lease Options Ten, 5 year

     Colliers International is pleased to offer for sale to qualified investors the 100% fee simple interest in a true  NNN CVS leased (sublease) pharmacy store located in  Pottsville, PA. 

    This is an opportunity to acquire the dominant pharmacy in the market. CVS has operated at the site since 2010. The property sits at a lighted intersection with a specific address of 212 Pottsville street, Pottsville, PA, and contains 13,225 sf. 

    The Master Tenant and guarantor is Capview Exchange, LLC (CXL). CXL is the 12th net lease fund created by Capview Partners since 2010. CXL is providing a 20 year lease with zero Landlord responsibilities. For additional security, CXL will reserve approximately 1 year’s rent throughout the term of the lease. A detailed explanation of the deal structure follows in the financial section of this offering. 

    The 20 year lease is offered at $6,653,127 on which translates to a 5.50% cap rate. The lease contains 10 additional 5 year options to extend the lease.

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    CVS Pharmacy - Levittown, PA (PHI MSA) $5,352,380 5.25% CAP 18+ YEARS REMAINING LEASE TERM

     Asking Price: $5,352,380 

    Property Type Retail Lease Type NN Tenancy Single

    Rent Commencement 10/25/2000

    Lease Expiration 12/30/2037 Remaining Term 18.1 years

    Square Footage 10,125 Price/Sq Ft $528.63 Units 1

    Cap Rate 5.25% NOI $281,000 Year Built 2000 Lot Size (acres)1.51

    Rent Bumps 13.5% rental increase in the option period

    Lease Options One (1) Five (5) Year Option Courtesy of JLL

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    CVS | NNN Lease 6.00% CAP | 10,125 SF | YEADON, DELAWARE COUNTY, PA

     Asking Price: $2,666,666 

    Property Type Retail Lease Type NNN

    Tenant Credit Credit Rated, Corporate Guarantee

    Tenancy Single Lease Expiration 12/29/2029

    Remaining Term 10.1 years Square Footage 10,125 Price/Sq Ft $263.37

    Cap Rate 6.00% NOI $160,000 Year Built 2000

    Rent Bumps In Options Lease Options Three, 5-Year Options

    Ownership Fee Simple Courtesy of Equity Retail Brokers

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    CVS Offering Memorandum Downloads

    CVS - Dunkirk, NY-OM (pdf)Download
    CVS_ZCF_2019 Commencement (pdf)Download
    CVS_Gaithersburg, MD (OM)2 (pdf)Download
    CVS Batavia NY_ OM (pdf)Download
    CVS - Danville, VA (pdf)Download
    CVS - Dunkirk, NY (pdf)Download
    CVS-Mechanicsville, VA (OM) (pdf)Download
    OM_CVS - Hagerstown, MD (pdf)Download
    CVS Pharmacy -Baltimore, MD (pdf)Download
    CVS_Pottsville, PA_OM (pdf)Download
    CVS Pharmacy - LevittownPA - OM - JLL (pdf)Download
    CVS-Yeadon-PA _ OM (pdf)Download

    Triple Net Rite Aid For Sale

    Opportunity Zone Walgreens 6.45% CAP | 10,908 SF NORWICH, NY

    Opportunity Zone Walgreens 6.45% CAP | 10,908 SF NORWICH, NY

    Opportunity Zone Walgreens 6.45% CAP | 10,908 SF NORWICH, NY

    82 N Broad St, Norwich, NY 13815

    Asking Price: $3,652,915 

     Property Type Retail

    Investment Type Net Lease Lease Type NN

    Tenancy Single

    Lease Expiration 12/07/2028

    Remaining Term 9.2 years

    Square Footage 10,90 Price/Sq Ft$334.88

    Cap Rate 6.45% NOI $235,613 Units 1

    Options Two 5-Year By The Boulder Group

    contact-us

    1301 STATE ST DELMAR, MD 21875

    Opportunity Zone Walgreens 6.45% CAP | 10,908 SF NORWICH, NY

    Opportunity Zone Walgreens 6.45% CAP | 10,908 SF NORWICH, NY

    PRICE: $6,153,375 CAP RATE: 8.00% 

    YEAR BUILT: 2005  LOT SIZE:1.749 Acres

    BUILDING SQUARE FOOTAGE:14,564

     TYPE OF OWNERSHIP:Fee Simple 

    LEASE GUARANTOR:Corporate Guarantee

    LEASE TYPE: NNN LEASE TERM: 20 Years

    ROOF AND STRUCTURE:Landlord Responsible RENT:5/26/2005 LEASE EXPIRATION:5/25/2026 REMAINING 7 Years 

    INCREASES:In the Options OPTIONS: 5x5 Years  Courtesy of CBRE

    OM

    Rite Aid 7.00% CAP | 12,738 SF CORTLANDVILLE, NY

    Opportunity Zone Walgreens 6.45% CAP | 10,908 SF NORWICH, NY

    1067 State Rte 222, Cortlandville, NY 13045

     Asking Price: $3,282,786 

    Investment Type Net Lease

    Lease Type NN

    Tenancy Single

    Lease Expiration 09/27/2028

    Remaining Term 9 years

    Square Footage 12,738 Price/Sq Ft $257.72

    Cap Rate 7.00% NOI $229,79

    By The Boulder Group and Lee & Associates

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    Walgreens 6.50% CAP 10,908 SF MATTYDALE, NY

    Asking Price: $5,261,277 

    Property Type Retail Lease Type NN 

    Tenancy Single

    Lease 04/27/2028 Remaining Term 8.4 years

    Square Footage 10,908 Price/Sq Ft $482.33

    Cap Rate 6.50% NOI $341,983 Units 1

     Courtesy of  The Boulder Group

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    Rite Aid 10 Year Net Leased 7.15% CAP 10,908 SF AMHERST, NY

    Rite Aid 10 Year Net Leased 7.15% CAP 10,908 SF AMHERST, NY

    Asking Price: $5,261,277 

    Property Type Retail Lease Type NN

    Tenancy Single

    Lease Expiration 04/27/2028

    Remaining Term 8.4 years

    Square Footage 10,908 Price/Sq Ft $482.33

    Cap Rate 6.50% NOI $341,983

    Units 1  Courtesy of 

    Pegasus Investments Real Estate Advisory Inc.  

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    Walgreens 6.01% CAP 14,550 SF NEW HARTFORD, NY

    Rite Aid 10 Year Net Leased 7.15% CAP 10,908 SF AMHERST, NY

    Asking Price:$3,995,000 

    Property Type Retail Investment Net Lease

    Lease Type NNN Tenancy Single

    Lease Term 25 years Lease  07/01/2006 to 06/30/2031 Remaining Term 11.6 years

    Square Footage 14,550 Price/Sq Ft $274.57

    Cap Rate 6.01% NOI $240,000

    Lease Options Ten, Five-Year Options  

    Courtesy of Marcus & Millichap  

    Contact Us

    ABS NET LEASE DRUG STORE 9.75% CAP 11,648 SF CHEEKTOWAGA (BUFFALO MSA),NY

    Asking Price: $3,098,000 

    Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single 

    Square Footage11,648 Price/Sq Ft $265.97 Cap Rate 9.75% NOI $302,033 Year Built 2000 Lot Size (acres)1.25  Courtesy of Marcus Millichap

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    Rite Aid 7.50% CAP | 12,000 SF | YORKSHIRE, NY

     Asking Price: $2,628,000 

    Investment Type Net Lease Investment  Lease Type NN

    Tenant Credit Corporate Guarantee Tenancy Single

    Rent 06/25/1996 - 03/31/2029 Remaining Term 9.3 years

    Square Footage 12,000 Price/Sq Ft $219 Cap Rate 7.50%

    Occupancy 100% NOI $197,100 Year Built 1997

    Buildings 1 Lot Size (acres)1.19

    Rent Bumps In Option Periods

    Lease Options (1) Five Year Option

     Courtesy of Encore Real Estate

    Contact Us

    Rite Aid 7.10% CAP 14,375 SF BALLSTON LAKE, NY

     Asking Price: $3,795,000 

    Property Type Retail Lease Type NNN

    Tenant Credit Corporate Guarantee, Credit Rated

    Tenancy Single Lease Expiration 06/30/2025

    Remaining Term 5.6 years Square Footage 14,375

    Price/Sq Ft $264 Cap Rate 7.10% NOI $269,519

    Year Built 2004 Stories 1 Zoning Commercial

    Lot Size (acres) 7.96 Parking (spaces) 72

    APN 414089 250.-1-38.1 Lease Options 4, Five-Year

    Courtesy of Marcus Millichap

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    Rite Aid NNN Lease Cap Rate 8.50% CAP 13,813 SF JAMESTOWN, NY

     Asking Price: $3,816,047 

     Property Type Retail Lease Type NNN Tenant Credit Corporate Guarantee Tenancy Single

    Lease Term 20 years Lease Commencement 12/09/2003 Lease Expiration 12/08/2023 Remaining Term 4 years

    Square Footage 13,813 Price/Sq Ft $276.26 Cap Rate 8.50% NOI $324,364 Lot Size (acres)1.54

    Rent Bumps 2% Each Five Year Option Period Lease Options 4 - Five Year Options Ownership Fee Simple Courtesy of  Marcus & Millichap 

     pleased to present for sale this Net Leased Rite Aid located at 811 North Main Street, Jamestown, New York in Chautauqua County, less than a hours drive due East of Erie, Pennsylvania and one hour drive South from Buffalo with an average household income exceeding $56,090, annually.

    The subject property consists of 13,813 square feet situated on a large 1.54-acre-parcel of land with full service pharmacy drive-thru window and a Rite Aid Wellness Clinic within the store. This Rite benefits from the strategic location at the signalized intersection of North Main Street and West 8th Street. There is another Rite Aid across town at 50 South Main St. which is directly across the st. from a Walgreen’s (10 Prospect St) and a CVS (195 Main St).

    There are over four years remaining on the original 20-year, Absolute-Net Lease (NNN) where the landlord has no responsibilities to the property. The offering provides a flat initial term with two percent increases in each of the four five-year option periods. There are also three access points and a drive-thru to make for a smooth customer experience with a traffic count over 17,500 vehicle per day. Other local retailers include; 7 Eleven, Friendly’s, CVS, Tim Horton’s, Cricket Wireless, TOPS Friendly’s Grocery Market and Aaron’s Rents to name a few.

    Rite Aid Corporation is a retail drugstore chain in the United States and a Fortune 500 company. It is headquartered in East Pennsboro Township, Cumberland County, Pennsylvania, near Camp Hill. The Company’s segments include Retail Pharmacy and Pharmacy Services. The Company operates under The Rite Aid name. It operates approximately 2,525 stores in over 30 states across the country and in the District of Columbia. Rite Aid is the largest drugstore chain on the East Coast and the thirdlargest in the United States, employing roughly 89,000 associates. The company is publicly traded on the New York Stock Exchange under the ticker symbol RAD.

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    Rite Aid NNN 7.25% CAP | 13,813 SF | CORNING, NY

     Asking Price: $4,513,972 

     Property Type Retail Lease Type NNN

    Tenant CreditCredit Rated, Corporate Guarantee

    Tenancy Single Lease Term20 years

    Lease 09/09/2004 - 09/08/2024 Remaining Term 4.8 years

    Square Footage 13,813 Price/Sq Ft $326.79 Cap Rate 7.25%

    NOI $327,263 Year Built 2004 Lot Size (acres)2.1

    Rent Bumps 2% Each Five Year Option Period

    Lease Options 4 - Five Year Options

    Ownership Fee Simple Courtesy of Marcus Millichap

    Contact Us

    Rite Aid 7.00% CAP | 10,908 SF | ELMIRA, NY

     Asking Price: $4,148,257 

     Property Type Retail Investment TypeNet Lease

    Lease Type NN Tenancy Single

    Lease Expiration 11/29/2028 Remaining Term 9 years

    Square Footage 10,908 Price/Sq Ft $380.29

    Cap Rate 7.00% NOI $290,378Units 1 

    • 40,000 people live within three miles of the property 
    • Very strong store sales with low rent to sales ratio 

     Long operating history at the location since 1999 

     Courtesy of The Boulder Group and Lee & Associates  

    Contact Us

    Rite Aid 7.15% CAP | 11,695 SF | BALDWINSVILLE, NY

     Asking Price: $2,894,993 

     Property Type Retail Lease Type NN Tenancy Single Lease Expiration 08/17/2028 Remaining Term 8.7 years
    Square Footage 11,695 Price/Sq Ft $247.54 Cap Rate 7.15% NOI $206,992Units 1

    Marketing Description
    The Boulder Group is pleased to present for sale a single tenant Rite Aid located in Baldwinsville, New York. 

    • Located at the hard corner of a signalized intersection 
    • Long operating history at the location
    • Rite Aid extended their lease early in 2018, illustrating their commitment to the site
    • Well above average sales at this location with a very low rent to sales ratio 
    • Positioned along a primary east-west thoroughfare (15,864 VPD) 
    • Immediately off of State HWY 690 (18,946 VPD)

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    Rite Aid NNN - SUBLEASED TO DOLLAR TREE 7.75% CAP | 14,564 SF | COHOES, NY

     Asking Price: $3,383,000 

    Sub Type Drug Store Investment Type Net Lease

    Lease Type Absolute NNN  Corporate Guarantee Tenancy Single

    Lease Term 20 years Lease 06/01/2007 to 05/31/2027

    Remaining Term 7.5 years Net Rentable (sq ft)14,564

    Price/Sq Ft $232.29 Cap Rate 7.75% Occupancy 100% NOI $262,152

    Units 1 Year Built 2006 Buildings 1 Stories 1 Zoning Commercial

    Lot Size (acres) 1.29 Rent Bumps In Options Lease Options Four 5-Year

    Ownership Fee Simple Courtesy of Marcus Millichap

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    Walgreens 15 Year NNN Lease 6.25% CAP 13,813 SF HORNELL, NY

     Asking Price: $5,398,064 

    Lease Type NNN Tenant Credit Credit Rated, Corporate Guarantee

    Tenancy Single Lease Term 20 years

    Lease 02/02/2025 -03/31/2034 Remaining Term 14.3 years

    Square Footage 13,813 Price/Sq Ft $390.80

    Cap Rate 6.25% NOI $337,379

    Lot Size (acres)1.71 Rent Bumps No

    Lease Options4 - Five Year Options

    Ownership Fee Simple  Courtesy of Marcus Millichap 

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    Rite Aid 7.15% CAP | 10,147 SF | BARNEGAT TOWNSHIP, NJ

     Asking Price: $2,570,098 

    Property Type Retail Lease Type NN Tenancy Single Lease Expiration 03/31/2029 Remaining Term 9.3 years

    Square Footage 10,147 Price/Sq Ft $253.29 Cap Rate 7.15% NOI $183,762 Units 1

     The Boulder Group is pleased to exclusively market for sale a single tenant Rite Aid property located in Barnegat, New Jersey.  

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    Rite Aid 7.15% CAP 10,147 SF BARNEGAT TOWNSHIP, NJ

     Asking Price: $2,570,098 

    Property Type Retail Lease Type NN Tenancy Single

    Lease Expiration 03/31/2029 Remaining Term 9.3 years

    Square Footage 10,147 Price/Sq Ft $253.29

    Cap Rate 7.15% NOI $183,762 Units 1

    Courtesy of The Boulder Group 

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    Rite Aid 7.95% CAP | 11,136 SF | CLEMENTON, NJ

     Asking Price:$2,385,622 

     Property Type Retail Investment Type Net Lease

    Lease Type Absolute NNN Tenancy Single

    Rent 05/30/1997 - 05/31/2024 Remaining Term 4.5 years

    Square Footage 11,136 Price/Sq Ft $214.23 Cap Rate 7.95%

    Occupancy 100% NOI $189,657 Year Built 1997

    Lot Size (acres)1.5 Lease(1) Five Year Option - By Encore R.E 

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    Rite Aid Portfolio - Four Properties UPSTATE NEW YORK

     Asking Price: $17,232,046 

    4433 Dewey Ave, Rochester, NY 14616 & 4155 West Main Street, Batavia, NY 14020

    2561 Union Road, Cheektowaga, NY 14227 & 1454 Union Road, West Seneca, NY 14224

     portfolio of Rite Aid Pharmacies located in upstate New York. All subject properties are 100% leased to Rite Aid and are operating under recently extended NN leases. The portfolio is being sold as a package, with the in-place financing. 

    • Portfolio includes four Rite Aid locations between Buffalo, NY and Rochester, NY.
    • Each location has approximately eight years of lease term remaining, followed by four 5-year options.
    • Average rent per square foot is $23.58, which is significantly lower than comparable drug store locations.
    • All locations are at signalized corners in dense markets, on roads with high traffic counts.
    • Properties are cross-collateralized with an attractive loan that is well below current market interest rates | Investors will receive double digit cash-on-cash returns.
    • Ideal for 1031 exchange buyers looking to leverage proceeds into multiple strong performing assets.

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    Rite Aid 7.10% CAP 10,908 SF BELLE VERNON, PA

     Asking Price: $4,241,338 

    Property Type Retail Lease Type Absolute NNN Tenancy Single

    Lease Expiration 10/26/2027 Remaining Term 7.9 years

    Square Footage 10,908 Price/Sq Ft $388.83 Cap Rate 7.10%

    NOI $301,135 Units 1 Year Built 1998

    Courtesy of  The Boulder Group 

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    Rite Aid 8.75% CAP 11,201 SF ERIE, PA

     Asking Price:$1,459,026 

     Property Type Retail Investment Type Net Lease

    Class A Lease TypeNN Tenancy Single

    Lease Expiration 11/06/2023 Remaining Term 3.9 years

    Square Footage 11,201 Price/Sq Ft $130.26

    Cap Rate 8.75% NOI $127,665 Year Built 1998

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    Rite Aid / Subway |10.00% CAP | 10,500 SF | ALTOONA, PA

     Asking Price: $1,304,458 

     Property Type Retail Lease Type NNN Tenancy Multi Remaining Term 5 years

    Square Footage 10,500 Price/Sq Ft $124.23 Cap Rate 10.00% NOI $130,445 Units 3

    For sale this Rite Aid anchored strip center located on East Pleasant Valley Boulevard in Altoona, Pennsylvania. Rite Aid has 6 years remaining on its initial 10 year NNN lease with two, five year options to renew. There are currently limited landlord responsibilities, making this an easy to own and operate property for the real estate investor looking for more yield. The building is well maintained block-on-block construction which helps to alleviate deferred maintenance in the near future. This is a value-add, multi-tenant opportunity leaving an upside for the next owner through leasing of the vacant space and possibly converting the Subway lease to NNN.  courtesy of CBRE

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    4530 N 5th St 6.25% CAP 14,564 SF PHILADELPHIA, PA

     Asking Price: $5,800,000 

    Property Type Retail Lease Type Absolute NNN Tenancy Single

    Lease Term 25.1 years Lease 09/16/2005 - 09/30/2030

    Remaining Term 10.8 years Square Footage 14,564

    Price/Sq Ft $398.24 Cap Rate 6.25% NOI $362,500

    Lot Size (acres) 2.03 APN 88-2-7567-10

    Lease Options 5-5 Year Options Colliers International

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    Rite Aid 7.35% CAP 10,163 SF NEW BETHLEHEM, PA

     Asking Price: $1,904,762

    Property Type Retail Investment Type Net Lease

    Lease Type NN Tenancy Single 

    Lease Expiration 08/31/2024

    Remaining Term 4.7 years

    Square Footage10,163 Price/Sq Ft $187.42

    Cap Rate 7.35% NOI $140,000 Units 1

      The Boulder Group and Lee & Associates 

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    Rite Aid 6.00% CAP | 11,186 SF | MCKEES ROCKS, PA

     Asking Price: $7,405,000 

     Property Type Retail Lease Type NN Tenant Credit Corporate Guarantee, Credit Rated Tenancy Single

    Lease Expiration 02/29/2036 Remaining Term 16.2 years Square Footage 11,186 Price/Sq Ft $661.99 Cap Rate 6.00%

    NOI $444,304 Year Built 2016 Lot Size (acres) 1.602 Lease Options Six, Five (5) Year Ownership Fee Simple

     Rite Aid Corporation (Nyse: Rad) is one of the nation’s leading drugstore chains and ranked 107 on Fortune 500’s Largest U.S. Corporations, with fiscal 2018 annual revenues of $21.6 billion and a current credit rating of B3. Rite Aid is one of the largest drugstore chains on the East Coast, with approximately 2,466 stores in 19 states, employing more than 48,000 associates across the country.

    Rite Aid began in 1962 as a single store opened in Scranton, Pennsylvania named Thrift D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. In 2018, Walgreens Boots Alliance acquired 1,932 Rite Aid stores for $4.38 billion.

    In June 2019, Amazon announced the launch of an Online purchase pick-up service at designated counters inside more than 1,500 Rite Aid stores across the U.S. Also in June, Rite Aid announced a new partnership with Adobe to combine personalized health and wellness expertise with digital operational support, seamlessly connecting the pharmacy, retail stores and Online customer experience. Rite Aid will also partner with UNFI to introduce natural and organic items in-store. Rite Aid is extending their partnership with GNC Health through 2021. Beyond their stores, Rite Aid brings the company’s mission to life through the efforts of The Rite Aid Foundation. Through their long-standing support of Children’s Miracle Network Hospitals and other Rite Aid Foundation efforts, the company has raised and donated over $100 million to kids and their families. Courtesy of Marcus of Millichap

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    RITE AID W/ D-THRU PHARM | ABS NNN LEASE 9.50% CAP | 14,471 SF | DUBOIS, PA

      Asking Price: $3,328,295 

    Property Type Retail Investment Type Net Lease Lease Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single 

    Square Footage 14,471 Price/Sq Ft $230 Cap Rate 9.50% NOI $316,188 Year Built 2003 Lot Size (acres) 1.76  Courtesy of Marcus Millichap

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    Rite Aid - 10.11% CAP 24K+ VPD CONWAY, PA

     Asking Price : $2,750,000 

    Investment Type Net Lease  Absolute NNN  Corporate Guarantee Tenancy Single Lease Term 23.9 years Lease 07/15/1999 - 06/06/2023 Remaining 3.5 years Sq Ft 10,908 Price/Sq Ft $252.11Cap Rate 10.11% Occupancy 100% NOI $278,142 Year Built 1999 Lot Size (acres)1.11 Ownership Fee Simple  Courtesy of Marcus Millichap 

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    FOR SALE RITE AID 503 CLIFTON RD. BETHEL PARK, PENNSYLVANIA

     We're pleased to offer the fee simple interest in a freestanding Rite Aid in Bethel Park, Pennsylvania. The property is strategically located on the corner of two heavily traveled thoroughfares; McMurray Rd and Clifton Rd. The building is on a 1.32-acre parcel of land and is improved with a 11,115-square foot retail pharmacy which includes a drive through.
    This building was constructed in 2018, and Rite Aid signed a 20 Year lease in September of 2018. With 19.25 Years of initial term remaining, and an additional six (6) five (5) year options to renew, this is a steady investment with passive cash flow for an investor.

    INVESTMENT HIGHLIGHTS
    •$5,833,000 / $525 / 6% Cap Rate •20 – Year Corporate Backed Lease with 19.25 Guaranteed Years Remaining - Courtesy of CBRE
    •Long Term Lease with a National Credit Tenant – Rite Aid (Moody’s Credit Rating B2)•Offered Free and Clear of Existing Debt
    •Rent escalates 10% every ten (10) years of term and continues to escalate during renewal periods. •New 2018 High-Quality Brick Construction

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    Rite Aid OM Downloads

    Walgreens_BallstonLake_NY (pdf)Download
    Rite Aid - Yorkshire, NY - Encore MP (pdf)Download
    Rite-Aid-Jamestown-NY-om-ib (pdf)Download
    Rite-Aid-Corning-NY-om (pdf)Download
    RiteAid-Elmira-NY(Zoar) (pdf)Download
    RiteAid-Baldwinsville-NY (pdf)Download
    Rite Aid PAckage September 2019 (Dollar Tree Sublease) (pdf)Download
    Rite Aid-Hornell-NY-OM (pdf)Download
    RiteAid-East-Orange-NJ (pdf)Download
    RiteAid-Barnegat-NJ (pdf)Download
    Rite Aid - Clementon, NJ - Encore MP (pdf)Download
    RiteAid 4 Portfolio-NY Flyer (pdf)Download
    Rite-Aid-West-Erie-PA-OM (pdf)Download
    Rite Aid Subway Altoona PA OM (pdf)Download
    Rite Aid_4530 N 5th St._Philadelphia, PA (OM) (pdf)Download
    Rite Aid - Conway, PA - OM (pdf)Download
    Rite_Aid_-Bethel Park PA_OM_2019 (pdf)Download

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