Drug Store
CVS | Strong Performing Location - Top 15% Nationwide | Outside NYC | Recent Lease Extension
100 E Lake Blvd, Mahopac (Outside NYC), NY 10541
Listing Price: $3,180,000
Investment Overview
Mahopac, New York, is a charming hamlet located in the town of Carmel, Putnam County. Nestled in the Hudson Valley region, Mahopac is known for its scenic beauty, tight-knit community, and easy access to both nature and urban amenities. It is approximately 50 miles north of New York City, making it a popular spot for those seeking a suburban lifestyle within commuting distance to the city.
Natural Beauty and Recreation
The centerpiece of Mahopac is Lake Mahopac, a stunning body of water that offers opportunities for boating, fishing, swimming, and other water activities. The area is also home to several parks, such as Sycamore Park and the nearby Fahnestock State Park, which provide hiking trails, picnic spots, and seasonal activities like cross-country skiing.
Community and Lifestyle
Mahopac has a strong sense of community, with annual events and local traditions that bring residents together. The hamlet features a mix of locally-owned businesses, restaurants, and shops, offering a blend of modern conveniences and small-town charm. Its excellent school system, part of the Mahopac Central School District, is another draw for families.
Accessibility
Mahopac’s location along U.S. Route 6 and its proximity to the Taconic State Parkway make it easily accessible. The nearby Metro-North Railroad stations provide convenient rail service to New York City and other destinations in the Hudson Valley.
CVS | Strong Performing Location - Top 15% Nationwide | Outside NYC | Recent Lease Extension
Investment Highlights
- 16+ Year Corporate Backed Lease Featuring 5% Rental Increases at Each Option. 32 Year Historical Occupancy as a Drug Store. Strong Commitment to the Location:
- CVS Exercised Multiple Options and Recently Extended the Term 18+ Years in 2021. CVS Health (NYSE: CVS) feat. a S&P Investment Grade Credit Rating of "BBB" and is Ranked #6 on the Fortune 500 List.
- Located Adjacent to Lake Mahopac - this Prime Spot benefits from Stunning Waterfront Views and Steady Foot Traffic, attracting Locals and Visitors to one of New York's most Picturesque Destinations.
- Affluent Area: Features an Average Household Income of more than $157k (more than Double the National Average) within a 1-Mile Radius. Mahopac is Considered one of the most Affluent Communities in the State of New York.
- Positioned Along Area's Retail and Traffic Corridor - Signalized Hard Corner Featuring Easy Access, Excellent Visibility and Frontage with three Points of Access with Daily Combined Traffic Counts Exceeding 18k Vehicles.
- Along U.S. Route 6 - a Key Transportation Artery, Facilitating Regional Connectivity, Economic Activity, and Access to Local Amenities. It Plays a Crucial Role in Supporting Travel and Commerce in the Area.
- Strong Performing Location: has been Operating as a Drugstore for more than 30 Years, with CVS previously reporting Sales Consistently North of $15 Million. Top 15% in the Chain per Placer.ai.
- Near to Numerous National Retailers including Tractor Supply, ACME Markets, Planet Fitness, Stop & Shop, Ocean State Retail, Tops Friendly Markets, Harbor Freight and many more. Minutes from Putnam Hospital - a 164-Bed, Acute Care Hospital offering Comprehensive Medical Services including Surgical, Psychiatric, Pediatric, Obstetrical Care and Robot-Assisted Surgery.
Drug Store
CVS | Strong Performing Location - Top 15% Nationwide | Outside NYC | Recent Lease Extension
Listing Price: $3,180,000
Investment Highlights
- 16+ Year Corporate Backed Lease Featuring 5% Rental Increases at Each Option. 32 Year Historical Occupancy as a Drug Store. Strong Commitment to the Location:
- CVS Exercised Multiple Options and Recently Extended the Term 18+ Years in 2021. CVS Health (NYSE: CVS) feat. a S&P Investment Grade Credit Rating of "BBB" and is Ranked #6 on the Fortune 500 List.
- Located Adjacent to Lake Mahopac - this Prime Spot benefits from Stunning Waterfront Views and Steady Foot Traffic, attracting Locals and Visitors to one of New York's most Picturesque Destinations.
- Affluent Area: Features an Average Household Income of more than $157k (more than Double the National Average) within a 1-Mile Radius. Mahopac is Considered one of the most Affluent Communities in the State of New York.
- Positioned Along Area's Retail and Traffic Corridor - Signalized Hard Corner Featuring Easy Access, Excellent Visibility and Frontage with three Points of Access with Daily Combined Traffic Counts Exceeding 18k Vehicles.
- Along U.S. Route 6 - a Key Transportation Artery, Facilitating Regional Connectivity, Economic Activity, and Access to Local Amenities. It Plays a Crucial Role in Supporting Travel and Commerce in the Area.
- Strong Performing Location: has been Operating as a Drugstore for more than 30 Years, with CVS previously reporting Sales Consistently North of $15 Million. Top 15% in the Chain per Placer.ai.
- Near to Numerous National Retailers including Tractor Supply, ACME Markets, Planet Fitness, Stop & Shop, Ocean State Retail, Tops Friendly Markets, Harbor Freight and many more. Minutes from Putnam Hospital - a 164-Bed, Acute Care Hospital offering Comprehensive Medical Services including Surgical, Psychiatric, Pediatric, Obstetrical Care and Robot-Assisted Surgery.
Investment Overview
Mahopac, New York, is a charming hamlet located in the town of Carmel, Putnam County. Nestled in the Hudson Valley region, Mahopac is known for its scenic beauty, tight-knit community, and easy access to both nature and urban amenities. It is approximately 50 miles north of New York City, making it a popular spot for those seeking a suburban lifestyle within commuting distance to the city. Natural Beauty and Recreation The centerpiece of Mahopac is Lake Mahopac, a stunning body of water that offers opportunities for boating, fishing, swimming, and other water activities. The area is also home to several parks, such as Sycamore Park and the nearby Fahnestock State Park, which provide hiking trails, picnic spots, and seasonal activities like cross-country skiing. Community and Lifestyle Mahopac has a strong sense of community, with annual events and local traditions that bring residents together. The hamlet features a mix of locally-owned businesses, restaurants, and shops, offering a blend of modern conveniences and small-town charm. Its excellent school system, part of the Mahopac Central School District, is another draw for families. Accessibility Mahopac’s location along U.S. Route 6 and its proximity to the Taconic State Parkway make it easily accessible. The nearby Metro-North Railroad stations provide convenient rail service to New York City and other destinations in the Hudson Valley.
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