Drug Store
Walgreens
27 Round Lake Rd, Ballston Lake, NY 12019
Listing Price: $4,900,346
Investment Overview
Marcus & Millichap is pleased to present an exclusive listing for a Walgreens located at 27 Round Lake Road in Ballston Lake, New York. The site consists of roughly 14,375 rentable square feet of building space on estimated 7.96-acre parcel of land. This Walgreens is subject to a 10-year absolute triple-net (NNN) lease, which commenced on July 8th, 2005. The current annual rent is $269,519 and is scheduled to increase by 2.5%-4.76% every 5-7 years [SEE RENT SCHEDULE] following the lease expiration. * Tenant may chose to terminate the lease with a 6 month prior notice on the following dates: 08/01/2032, 08/01/2037, 08/01/2042, 08/01/2047, 08/01/2052
Exclusively Listed By
Listing Price: $4,900,346
Investment Highlights
- Long-Term ±10-Year Absolute Triple Net (NNN) Lease (Zero Landlord Responsibilities)
- Lot Size of ±7.96
- Rental Increases Throughout Tenant Renewal Option Periods (2.5%-4.76%)
Investment Overview
Marcus & Millichap is pleased to present an exclusive listing for a Walgreens located at 27 Round Lake Road in Ballston Lake, New York. The site consists of roughly 14,375 rentable square feet of building space on estimated 7.96-acre parcel of land. This Walgreens is subject to a 10-year absolute triple-net (NNN) lease, which commenced on July 8th, 2005. The current annual rent is $269,519 and is scheduled to increase by 2.5%-4.76% every 5-7 years [SEE RENT SCHEDULE] following the lease expiration. * Tenant may chose to terminate the lease with a 6 month prior notice on the following dates: 08/01/2032, 08/01/2037, 08/01/2042, 08/01/2047, 08/01/2052
Exclusively Listed By
