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Drug Store

Walgreens | 3-Unit Portfolio | Assumable Loan | 10.9% Cash-on-Cash | Available Individually

6189 NY-31, Cicero, NY 13039

Listing Price: $4,925,000

Cap Rate
6.88%
Tenant Name
Walgreens
Gross SF
14,748
Guarantor
Corporate Guarantee
Rentable SF
14,748
Price/Gross SF
$333.94
Lease Type
Absolute Net
Rent Per Square Feet
$22.99

Investment Overview


AVAILABLE INDIVIDUALLY OR AS A 3-UNIT PORTFOLIO WITH AN ASSUMABLE LOAN (10.9% CASH ON CASH RETURN)
This property is also available as a part of high-cashflow 3-unit Walgreens portfolio, featuring an assumable loan at 4.7% interest with 5.5+ years remaining until the maturity date. With a Portfolio Cash-on-Cash Return of 10.9%, it’s an ideal investment opportunity for 1031-exchange buyers seeking to maximize cashflow.

Investment Highlights

  • AVAILABLE INDIVIDUALLY OR AS A 3-UNIT PORTFOLIO WITH AN ASSUMABLE LOAN (10.9% CASH ON CASH RETURN)
  • Portfolio with Assumable Loan of $10.1 Million at 4.7 % Interest Rate (Full Term Interest Only). Equity Requirement of $5,400,000 will Yield a Cash-on-Cash Return of 10.9%
  • 9+ Years Remaining on Absolute NNN Lease with Zero Landlord Responsibilities
  • Corporate Guarantee with Options Through 2082 - Tenant has Right to Renew every 30 Days During Option Period
  • Essential Use – Pandemic and Recession Resilient Tenant with Drive Thru, FedEx Onsite
  • Situated on Highway-31 with 12,842 Vehicles Per Day Proximity to Freeway-81 with 42,837 Vehicles Per Day
  • Strong Area Demographics –Population of 53,143 People within a Five-Mile Radius with Household Income of $93,939 Annually
  • Nearby Tenants – Cicero North Syracuse High School 1,879 Students, Rite Aid, Circle K, Dunkin' McDonald's, Arby's, Speedway, Fedex, Dollar Tree, Aldi

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Drug Store

Walgreens | 3-Unit Portfolio | Assumable Loan | 10.9% Cash-on-Cash | Available Individually

Listing Price: $4,925,000

Cap Rate
6.88%
Tenant Name
Walgreens
Gross SF
14,748
Guarantor
Corporate Guarantee
Rentable SF
14,748
Price/Gross SF
$333.94
Lease Type
Absolute Net
Rent Per Square Feet
$22.99

Investment Highlights

  • AVAILABLE INDIVIDUALLY OR AS A 3-UNIT PORTFOLIO WITH AN ASSUMABLE LOAN (10.9% CASH ON CASH RETURN)
  • Portfolio with Assumable Loan of $10.1 Million at 4.7 % Interest Rate (Full Term Interest Only). Equity Requirement of $5,400,000 will Yield a Cash-on-Cash Return of 10.9%
  • 9+ Years Remaining on Absolute NNN Lease with Zero Landlord Responsibilities
  • Corporate Guarantee with Options Through 2082 - Tenant has Right to Renew every 30 Days During Option Period
  • Essential Use – Pandemic and Recession Resilient Tenant with Drive Thru, FedEx Onsite
  • Situated on Highway-31 with 12,842 Vehicles Per Day Proximity to Freeway-81 with 42,837 Vehicles Per Day
  • Strong Area Demographics –Population of 53,143 People within a Five-Mile Radius with Household Income of $93,939 Annually
  • Nearby Tenants – Cicero North Syracuse High School 1,879 Students, Rite Aid, Circle K, Dunkin' McDonald's, Arby's, Speedway, Fedex, Dollar Tree, Aldi

Investment Overview

AVAILABLE INDIVIDUALLY OR AS A 3-UNIT PORTFOLIO WITH AN ASSUMABLE LOAN (10.9% CASH ON CASH RETURN) This property is also available as a part of high-cashflow 3-unit Walgreens portfolio, featuring an assumable loan at 4.7% interest with 5.5+ years remaining until the maturity date. With a Portfolio Cash-on-Cash Return of 10.9%, it’s an ideal investment opportunity for 1031-exchange buyers seeking to maximize cashflow.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

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