Property Details

Walgreens & ESL Federal Credit Union

Rochester, NY
Property ID: 11867

Financial Summary

Asking Price $5,906,971
Cap Rate 7.00%
Net Operating Income (NOI) $413,488
Lease Type NN

Offering Memorandum

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Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Investment grade credit (S&P: BBB)
  • Highly dense, in-fill location with population counts greater than 20,000 within a 1-mile radius a part of the Rochester MSA
  • Walgreens strategic acquisition of this Rite Aid, which is the dominant pharmacy location in the immediate trade area and out positions the nearby CVS
  • High quality corner of a signalized intersection on an oversized parcel with busy combined traffic counts of 52K VPD
  • Multiple points of ingress/egress
  • Adjacent to the Eastman Business Park, a 1,200-acre R&D and manufacturing campus with over 16 million square feet of multi-scale manufacturing, distribution, lab and office space

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Net Lease Advisor

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Location

1490 Lake Ave
Rochester, NY

Leigh ClineWalgreens & ESL Federal Credit Union