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Drug Store

Walgreens

869 2nd Ave, Troy, NY 12182

Listing Price: $9,408,031

Cap Rate
6.40%
Tenant Name
Walgreens
Years Remaining On Lease
7.6
Gross SF
14,673
Guarantor
Corporate Guarantee
Rentable SF
14,673
Price/Gross SF
$641.18
Lease Type
Double Net
Rent Per Square Feet
$41.04

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Walgreens located at 869 2nd Avenue in Troy, New York.

Investment Highlights

  • Prototype Rite Aid with Double Drive Throughs Selected by Walgreens
  • To be Converted and Rebranded in 2019
  • Relocation of a Rite Aid that Operated for Nearly 40 Years
  • Nearly Nine Years of Term Remaining | No Walgreens Competition for Over Five Miles
  • Situated Between Hannafords Grocery Store and The Troy Waterfront Farmers Market
  • 2019 Remodel of a 14,673 SF Store | Large 1.91 Acre Parcel

Exclusively Listed By

Financing By

Listing Price: $9,408,031

Cap Rate
6.40%
Tenant Name
Walgreens
Years Remaining On Lease
7.6
Gross SF
14,673
Guarantor
Corporate Guarantee
Rentable SF
14,673
Price/Gross SF
$641.18
Lease Type
Double Net
Rent Per Square Feet
$41.04

Investment Highlights

  • Prototype Rite Aid with Double Drive Throughs Selected by Walgreens
  • To be Converted and Rebranded in 2019
  • Relocation of a Rite Aid that Operated for Nearly 40 Years
  • Nearly Nine Years of Term Remaining | No Walgreens Competition for Over Five Miles
  • Situated Between Hannafords Grocery Store and The Troy Waterfront Farmers Market
  • 2019 Remodel of a 14,673 SF Store | Large 1.91 Acre Parcel

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Walgreens located at 869 2nd Avenue in Troy, New York.

Exclusively Listed By

Financing By

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