Skip to main content

Drug Store

Walgreens

27 Round Lake Rd, Ballston Lake, NY 12019

Listing Price: $4,900,346

Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
14,375
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.75

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

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%)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Listing Price: $4,900,346

Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
14,375
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.75

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

MM Texture Background
MM Textured Background Lower