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Drug Store

Walgreens | Early Lease Renewal Showing Strong Commitment to Site

5 Garland Ln, Greenville, NY 12083

Listing Price: $3,300,000

Cap Rate
6.68%
Tenant Name
Walgreens
Years Remaining On Lease
6.3
Gross SF
9,780
Guarantor
Corporate Guarantee
Rentable SF
9,780
Price/Gross SF
$337.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.54

Investment Overview

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Located in Greene County in the Hudson River Valley, the Town of Greenville has access to both growing business opportunity in New York’s Tech Valley corridor, and some of the best rural recreational destinations in the area. The Town of Greenville, NY borders Albany County to the north and is just 25 miles south of the Capital District.

Investment Highlights

  • Lease Extended to May 31,2030 in 2019 Showing Strong Commitment to the Site
  • 19+ Year Operating History - Tenant has Occupied the Site Since 2005
  • Absolute Triple-Net (NNN) Corporate Lease with Over Six Years Remaining
  • Prime Greenville Retail Corridor with National Tenants - Tractor Supply Co, Dunkin' Donuts, Mavis Discount Tire, Benjamin Moore, and Dollar General
  • Direct Connection to Central Greenville Along New York State Route 32 (7,000+ Cars/Day)
  • Subject Property is Only Five Miles from Sunny Hill Resort & Golf Course - One of the 20 Best Resorts in Upstate New York
  • Down the Road from Tops Friendly Markets Supermarket
  • Average Household Income Exceeds $84,000 within a Five-Mile Radius

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 | Early Lease Renewal Showing Strong Commitment to Site

Listing Price: $3,300,000

Cap Rate
6.68%
Tenant Name
Walgreens
Years Remaining On Lease
6.3
Gross SF
9,780
Guarantor
Corporate Guarantee
Rentable SF
9,780
Price/Gross SF
$337.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.54

Investment Highlights

  • Lease Extended to May 31,2030 in 2019 Showing Strong Commitment to the Site
  • 19+ Year Operating History - Tenant has Occupied the Site Since 2005
  • Absolute Triple-Net (NNN) Corporate Lease with Over Six Years Remaining
  • Prime Greenville Retail Corridor with National Tenants - Tractor Supply Co, Dunkin' Donuts, Mavis Discount Tire, Benjamin Moore, and Dollar General
  • Direct Connection to Central Greenville Along New York State Route 32 (7,000+ Cars/Day)
  • Subject Property is Only Five Miles from Sunny Hill Resort & Golf Course - One of the 20 Best Resorts in Upstate New York
  • Down the Road from Tops Friendly Markets Supermarket
  • Average Household Income Exceeds $84,000 within a Five-Mile Radius

Investment Overview

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Located in Greene County in the Hudson River Valley, the Town of Greenville has access to both growing business opportunity in New York’s Tech Valley corridor, and some of the best rural recreational destinations in the area. The Town of Greenville, NY borders Albany County to the north and is just 25 miles south of the Capital District.

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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