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Walgreens | Corp Abs NNN w/ Incrs 12 Park Dr 13,813 SF Retail Building Hornell, NY 14843 $7,310,063 CAD ($529.22 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
• Corporate Signed by Walgreen Eastern Co. (S&P: BBB)
• 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
• 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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,813 SF
Building Class
B
Year Built
2004
Price
$7,310,063 CAD
Price Per SF
$529.22 CAD
Cap Rate
6.50%
NOI
$475,196 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.71 AC
Opportunity Zone
Yes
Zoning
B-2 - General
Parking
67 Spaces (4.85 Spaces per 1,000 SF Leased)
Frontage
372’ on Canisteo Street
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
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 460600-166-006-0007-046-101 | Improvements Assessment | $3,042,879 CAD |
| Land Assessment | $179,745 CAD | Total Assessment | $3,222,624 CAD |
Property Taxes
Parcel Number
460600-166-006-0007-046-101
Land Assessment
$179,745 CAD
Improvements Assessment
$3,042,879 CAD
Total Assessment
$3,222,624 CAD
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Walgreens | Corp Abs NNN w/ Incrs | 12 Park Dr
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