202 Broad StGlens Falls, NY 12801

For Sale
$6,000,000
High-Yield Retail Pharmacy in NY

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a 14,820 square foot Walgreens located at 202 Broad St, Glens Falls, NY 12801. Built in 2009, this single-story building boasts a highly visible, signalized corner location with multiple points of access, including a drive-thru, curbside pickup, and delivery services. The property features a 25.4-year absolute triple-net (NNN) lease, offering a truly passive investment with zero landlord responsibilities. With 9.5 years remaining on the lease (expiring 05/31/2034), the property offers a compelling 7.13% cap rate and a price per square foot of $404.86. The asking price is $6,000,000. Benefiting from strong medical drivers, the location is situated near Glens Falls Hospital, a 410-bed community hospital with 28 off-campus facilities, as well as other medical providers including Wellnow Urgent Care, Gateway Dermatology, and Adirondack Oral and Maxillofacial Surgery. This is a rare chance to acquire a stable, high-performing retail asset in a desirable location with significant long-term potential.

Highlights

  • Absolute Triple Net (NNN) lease with zero landlord responsibilities.
  • Highly visible, signalized corner location with multiple points of access, including drive-thru, curbside pickup, and delivery.
  • Full-service Walgreens location with drive-thru, curbside pickup, and delivery options.

Property Details for 202 Broad St

Property type
Retail properties, Drug stores
Square Feet
14,820 SF
Year Built
2009
Buildings
1
Stories
1

Location Insight

City
Glens Falls
County
Warren
State
New York
Latitude
43.3022336
Longitude
-73.6623128
202 Broad St, Glens Falls, New York

FAQs

What type of property is this?
Retail property - High-Yield Retail Pharmacy in NY
Where is the retail property located?
The property is located at 202 Broad St Glens Falls, NY.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Absolute Triple Net (NNN) lease with zero landlord responsibilities.; Highly visible, signalized corner location with multiple points of access, including drive-thru, curbside pickup, and delivery.; Full-service Walgreens location with drive-thru, curbside pickup, and delivery options.
How can I contact the broker?
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202 Broad St
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