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Walgreens 3948 State Route 281 14,490 SF Retail Building Cortland, NY 13045 $6,335,092 CAD ($437.20 CAD/SF) 8.25% Cap Rate
Investment Highlights
- 7 Years Remaining | Options To Extend | Termination Options
- Strong Demographics In 5-Mile Trade Area
- NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
B
Year Built
2006
Price
$6,335,092 CAD
Price Per SF
$437.20 CAD
Cap Rate
8.25%
NOI
$522,645 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.40 AC
Zoning
C-2
Parking
48 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
322’ on New York 281
Amenities
- Corner Lot
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 112289-086-013-0001-049-000-0000 | Improvements Assessment | $2,041,644 CAD |
| Land Assessment | $687,700 CAD | Total Assessment | $2,729,344 CAD |
Property Taxes
Parcel Number
112289-086-013-0001-049-000-0000
Land Assessment
$687,700 CAD
Improvements Assessment
$2,041,644 CAD
Total Assessment
$2,729,344 CAD
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Walgreens | 3948 State Route 281
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