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Walgreens 4357 Ny Highway 150 9,179 SF Retail Building West Sand Lake, NY 12196 $8,032,477 CAD ($875.09 CAD/SF) 11.72% Cap Rate
Executive Summary
• Positioned within the Albany MSA – Ranked #63 in the United States for population size
• Walgreens took over this location from Rite Aid in 2018
• NNN – No landlord responsibilities
• Located along New York Hwy 150 (13,061 VPD)
• 29,100 people live within ?ve miles of the property
• Average household income within a ?ve-mile radius is $140,385
• Neighboring tenants include Hannaford Supermarket, Subway, Dunkin’, Trustco Bank, USPS, & NAPA Auto Parts
• Limited competition in the area – the nearest national competitor pharmacy is located ?ve miles north
• Walgreens took over this location from Rite Aid in 2018
• NNN – No landlord responsibilities
• Located along New York Hwy 150 (13,061 VPD)
• 29,100 people live within ?ve miles of the property
• Average household income within a ?ve-mile radius is $140,385
• Neighboring tenants include Hannaford Supermarket, Subway, Dunkin’, Trustco Bank, USPS, & NAPA Auto Parts
• Limited competition in the area – the nearest national competitor pharmacy is located ?ve miles north
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,179 SF
Building Class
C
Year Built
2005
Price
$8,032,477 CAD
Price Per SF
$875.09 CAD
Cap Rate
11.72%
NOI
$941,234 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.37 AC
Zoning
HMU
Parking
46 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Walgreens
- -
- -
- -
- Oct 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Walgreens | - | - | - | Oct 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 4000-146.4-2-16 | Improvements Assessment | $2,597,737 CAD |
| Land Assessment | $546,892 CAD | Total Assessment | $3,144,629 CAD |
Property Taxes
Parcel Number
4000-146.4-2-16
Land Assessment
$546,892 CAD
Improvements Assessment
$2,597,737 CAD
Total Assessment
$3,144,629 CAD
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Walgreens | 4357 Ny Highway 150
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