Walgreens Net Leased Offering
13,905 SF | Retail Building | Lockport, NY 14094 | $3,587,500 ($258/SF) | 9% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,587,500
- Property Type
-
Retail
- Square Feet
- 13,905 SF
- Price / Square Foot
- $258
Listing Contacts
Jacob Abusharkh
Verified Profile
Kase Abusharkh
Verified Profile
Jeff Bracco
Verified Profile
- Property Info
Property Overview
The Kase Group is pleased to present the opportunity to purchase a well
established Walgreens in Lockport, New York. The property is subject to
a double net lease and has already exercised their first option with
seven, 5-year options left. This Walgreens benefits from its hard corner
location with excellent ingress and egress points with exposure to over
13,000 vehicles per day along S Transit Street. The site is less than 1
mile from Downtown Lockport and neighbors various businesses in the
area.
In Association with Scott Reid & ParaSell, Inc. |
P: 949.942.6578 | A Licensed New York Broker #10991231395
established Walgreens in Lockport, New York. The property is subject to
a double net lease and has already exercised their first option with
seven, 5-year options left. This Walgreens benefits from its hard corner
location with excellent ingress and egress points with exposure to over
13,000 vehicles per day along S Transit Street. The site is less than 1
mile from Downtown Lockport and neighbors various businesses in the
area.
In Association with Scott Reid & ParaSell, Inc. |
P: 949.942.6578 | A Licensed New York Broker #10991231395
Property Details
- Class
- C
- Year Built
- 1998
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 87,556 SF
Highlights
- Net Leased Offering
- Minimal Landlord Obligations
- Corporate Guarantee - NASDAQ WBA
- Tenant Exercised Renewal Option, Showing Commitment to the Location
- Long Operating History at this Location
- Hard Corner Location - 13,000+ VPD
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