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Walgreens | Corp Abs NNN w/ Incrs 12 Park Dr 13,813 SF Retail Building Hornell, NY 14843 $7,180,313 CAD ($519.82 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Recent Lease Extension | Corporate Signed | Rental Increases |Investment Grade Tenant (S&P: BBB)
- Signalized, Hard Corner Intersection | Drive-Thru Equipped | Strong National/Credit Tenants | Hornell Railroad Centre
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
Executive Summary
• Recently extended their lease through March 2034, demonstrating their long-term commitment to the site
• Lease features rental increases in 2025 and 2030, generating NOI and providing a hedge against inflation
• Headquartered in Deerfield, IL, Walgreens operates more than 9,000 stores across all 50 states
Property Facts
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 460600-166-006-0007-046-101 | Improvements Assessment | $2,966,427 CAD |
| Land Assessment | $175,229 CAD | Total Assessment | $3,141,656 CAD |
Property Taxes
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Walgreens | Corp Abs NNN w/ Incrs | 12 Park Dr
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