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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Andrew Fallon
Executive Managing Director

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  • Walgreens is in the process of obtaining permits for store re-branding work, exterior signage, monument signage, and complete interior rebranding merchandise designs. Expected to be complete by Q4 2019.
  • New ATM lease just extened thru June 30, 2029
  • Walgreens strategic acquisition of this Rite Aid, which is the dominant pharmacy location in the immediate trade area and out positions the nearby CVS
  • Highly dense, in-fill location with population counts greater than 20,000 within a 1-mile radius a part of the Rochester MSA
  • 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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1490 Lake Ave
Rochester, NY

Leigh ClineWalgreens & ESL Federal Credit Union