100 Lake Blvd, Mahopac, NY 10541
10,402 SF | Retail Building | Mahopac, NY 10541 | $3,179,166 ($306/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,179,166
- Property Type
-
Retail
- Square Feet
- 10,402 SF
- Price / Square Foot
- $306
Listing Contacts
Brandon Perez
Verified Profile
- Property Info
Property Overview
Recent 20 Year Extension: CVS Executed a brand new 20-year extension in 2021, further showing their long-term commitment to this location.
• High Performing Location: This location has been operating as a drugstore for 30+ years, with CVS previously reporting sales
consistently north of $15 million. Please contact agent for more information.
• Long Term Lease: There are currently ±17.50 years remaining on the initial lease term, which runs through September, 2041.
• Passive Ownership: NNN lease structure, with limited landlord responsibilities. The tenant recently invested its own capital to
improve the parking surface within the past ±2 years.
• Investment Grade Credit: Lease is corporately guaranteed by CVS (NYSE: CVS), with a market cap of $94 billion and over
9,000 stores across the country.
• Strong Demographics: Strong market ±50 miles outside New York City, with local HH income over $100,000. The corner of
Route 6 and E Lake Blvd is a high traffic corner that sees average VPD upwards of ±20,000
Broker of Record
Cory Rosenthal
License No. 10991237833(NY)
• High Performing Location: This location has been operating as a drugstore for 30+ years, with CVS previously reporting sales
consistently north of $15 million. Please contact agent for more information.
• Long Term Lease: There are currently ±17.50 years remaining on the initial lease term, which runs through September, 2041.
• Passive Ownership: NNN lease structure, with limited landlord responsibilities. The tenant recently invested its own capital to
improve the parking surface within the past ±2 years.
• Investment Grade Credit: Lease is corporately guaranteed by CVS (NYSE: CVS), with a market cap of $94 billion and over
9,000 stores across the country.
• Strong Demographics: Strong market ±50 miles outside New York City, with local HH income over $100,000. The corner of
Route 6 and E Lake Blvd is a high traffic corner that sees average VPD upwards of ±20,000
Broker of Record
Cory Rosenthal
License No. 10991237833(NY)
Property Details
- Class
- C
- Year Built
- 1970
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 43,560 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].