Share This Listing

Message

956 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • 3 Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Strong Performing Store | Reputable Brand
  • Outparcel to Fairview Plaza (282K+ SF) | Dense Retail Trade Area
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Located Along Fairview Plaza | Centralized Location |Drive-Thru Equipped | Excellent Visibility & Access

Executive Summary

SRS National Net Lease in collaboration with Trinity Realty Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, drive-thru equipped, CVS Pharmacy investment property located in Hudson, NY. The tenant, CVS Mack Drug of New York, LLC (CVS), has 3 years of firm term remaining with an additional 3 (5-year) option periods left to extend. The lease features scheduled rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (NYSE: CVS | S&P: BBB) and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1963, CVS is the leading retail pharmacy chain in the U.S. with over 9,100 operating locations.

Property Facts

Sale Type
Investment NNN
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,765 SF
Building Class
C
Year Built
2007
Price
$4,263,345 CAD
Price Per SF
$333.99 CAD
Cap Rate
6.65%
NOI
$283,509 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.95 AC
Zoning
401 - Commercial
Parking
45 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
93’ on Fairview Ave

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

CVS Health construit un monde de santé autour de chaque consommateur. Leur portée inégalée leur permet d'offrir des soins de santé abordables et de haute qualité au moment et de la manière dont les individus le souhaitent. Ils ont pour mission d'offrir des expériences supérieures et plus connectées, de réduire le coût des soins et d'améliorer la santé et le bien-être des personnes qu'ils servent. En tant que chef de file dans le domaine des solutions de santé, elle offre de multiples canaux d'accès aux soins de santé à l'échelle locale et nationale. Leur forte présence communautaire, leur approche avant-garDISTE et leur engagement inégalé auprès de millions de personnes leur permettent de fournir des soins de santé de haute qualité, personnalisés et abordables. Guidé par son objectif, CVS Health® construit un monde entier de soins de santé autour de chaque personne qu'elle sert, peu importe où elle se trouve dans son parcours. Ils écoutent, font preuve d'empathie et offrent des solutions novatrices qui répondent aux besoins uniques des gens et gagnent leur fidélité. Parce que la façon dont ils fournissent leurs services est tout aussi importante que ce qu'ils fournissent.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

KeyBank
TD Bank
Planet Fitness
Community Bank
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
104000-110-000-0001-093-000-0000
Land Assessment
$164,223 CAD
Improvements Assessment
$2,082,096 CAD
Total Assessment
$2,246,319 CAD
  • Listing ID: 31523727

  • Date on Market: 2024-04-16

  • Last Updated:

  • Address: 160 Fairview Ave, Hudson, NY 12534

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}