Financial Summary
| Asking Price | $5,906,971 |
| Cap Rate | 7.00% |
| Net Operating Income (NOI) | $413,488 |
| Lease Type | NN |
Highlights
- 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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Location
1490 Lake Ave
Rochester, NY
