Drug Store

Walgreens

250 NY-104, Oswego, NY 13126

Listing Price: $9,102,179

Cap Rate
7.25%
Tenant Name
Walgreens
Years Remaining On Lease
7.9
Gross SF
14,673
Guarantor
Corporate Guarantee
Rentable SF
14,673
Price/Gross SF
$620.34
Lease Type
Absolute Net
Rent Per Square Feet
$44.97

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located in Oswego, NY. Built in 2008, this site consists of approximately 14,673 square feet of building space and is situated on 1.97 acres of land. This Walgreens has approximately 8 remaining on its initial 25-year absolute triple-net (NNN) lease with five (5) five-year renewal options. The base rent is $659,908 for 8 years with rental increases in the option periods. This Walgreens is located in THE primary retail corridor of Oswego, NY. Nearby National Retailers include Walmart Supercenter, Lowe’s, popular regional grocery chain Price Chopper, McDonald’s, Tractor Supply, Burger King, Wendy’s, Key Bank, Sherwin-Williams and more. With more than 20,000 vehicles per day passing along this main retail thoroughfare, this Walgreens is strategically positioned at a signalized intersection for maximum visibility of and easy access to the store – which benefits tremendously from being located only 2 miles away from the 164-bed Oswego Hospital and 3 miles away from the SUNY Oswego university campus with 7,000+ students enrolled.

Investment Highlights

  • "Essential Retailer" – Not Subjected to U.S. Government's National Shutdown of "Non-Essential Businesses"
  • Absolute Net | Zero Landlord Responsibilities
  • 20,000+ VPD along Route 104
  • 2 Miles Away from 164-Bed Oswego Hospital | Oswego Health Home Care is the only hospital-based, certified home health care agency in Oswego County
  • 3 Miles Away from SUNY Oswego University campus with 7,000+ Students Enrolled
  • Drive-Thru Pharmacy Available
  • Well-Positioned at Traffic Light for High Visibility and Easy Access with Multiple Ingress-Egress Points | Situated in the Primary Retail Corridor with Immediate Major Retailers including Walmart Supercenter, Lowe's, Price Chopper Regional Grocery Store, Tractor Supply, and more
  • For any Inquiry on Store Sales, please contact Listing Agent

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

Listing Price: $9,102,179

Cap Rate
7.25%
Tenant Name
Walgreens
Years Remaining On Lease
7.9
Gross SF
14,673
Guarantor
Corporate Guarantee
Rentable SF
14,673
Price/Gross SF
$620.34
Lease Type
Absolute Net
Rent Per Square Feet
$44.97

Investment Highlights

  • "Essential Retailer" – Not Subjected to U.S. Government's National Shutdown of "Non-Essential Businesses"
  • Absolute Net | Zero Landlord Responsibilities
  • 20,000+ VPD along Route 104
  • 2 Miles Away from 164-Bed Oswego Hospital | Oswego Health Home Care is the only hospital-based, certified home health care agency in Oswego County
  • 3 Miles Away from SUNY Oswego University campus with 7,000+ Students Enrolled
  • Drive-Thru Pharmacy Available
  • Well-Positioned at Traffic Light for High Visibility and Easy Access with Multiple Ingress-Egress Points | Situated in the Primary Retail Corridor with Immediate Major Retailers including Walmart Supercenter, Lowe's, Price Chopper Regional Grocery Store, Tractor Supply, and more
  • For any Inquiry on Store Sales, please contact Listing Agent

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located in Oswego, NY. Built in 2008, this site consists of approximately 14,673 square feet of building space and is situated on 1.97 acres of land. This Walgreens has approximately 8 remaining on its initial 25-year absolute triple-net (NNN) lease with five (5) five-year renewal options. The base rent is $659,908 for 8 years with rental increases in the option periods. This Walgreens is located in THE primary retail corridor of Oswego, NY. Nearby National Retailers include Walmart Supercenter, Lowe’s, popular regional grocery chain Price Chopper, McDonald’s, Tractor Supply, Burger King, Wendy’s, Key Bank, Sherwin-Williams and more. With more than 20,000 vehicles per day passing along this main retail thoroughfare, this Walgreens is strategically positioned at a signalized intersection for maximum visibility of and easy access to the store – which benefits tremendously from being located only 2 miles away from the 164-bed Oswego Hospital and 3 miles away from the SUNY Oswego university campus with 7,000+ students enrolled.

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

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