For Sale
$4,700,000

170 Port Watson StCortland, NY 13045

Walgreens-Leased Industrial Building, High ROI

Overview

Added:
Feb 3
Days on market:
71
This exceptional investment opportunity presents a single-tenant, free-standing industrial building located at 170 Port Watson St, Cortland, NY. The property encompasses 13,813 square feet and is situated on a 0-acre lot. The building is currently leased to Walgreens under a new eight-year lease agreement commencing April 1, 2022. This lease includes three five-year renewal options, each with a 7% rent increase. The current annual rental income is $200,000, making this an attractive, stable investment. The sale includes the building itself

Property Details for 170 Port Watson St

Property type
Industrial properties
Square Feet
13,813 SF

Location Insight

City
Cortland
County
Out of Area
State
New York
Latitude
42.59872
Longitude
-76.1661
170 Port Watson St, Cortland, New York

FAQs

What type of property is this?
Industrial property - Walgreens-Leased Industrial Building, High ROI
Where is the industrial property located?
The property is located at 170 Port Watson St Cortland, NY.
What is the asking price?
The asking price for this property is $4,700,000.
How can I contact the broker?
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170 Port Watson St
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