Walgreens 78-82 N Broad St 10,908 SF Retail Building Norwich, NY 13815 $3,668,828 CAD ($336.34 CAD/SF) 9% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Norwich, New York. The tenant has successfully operated at this location as a pharmacy since 1998. The current lease term runs through December 2028 and contains two 5-year renewal options. Additionally, there are rental escalations at the start of each option.
The 10,908-square foot property sits at a signalized intersection on North Broad Street, with over 17,300 vehicles passing daily. It faces minimal competition from national drug store chains in the area. Nearby landmarks include UHS Chenango Memorial Hospital (138 beds), Chenango County Fairgrounds, Norwich High School, and the YMCA. The average household income within a 5-mile radius is $78,218. Neighboring retailers include Grand Union Supermarkets, Dollar Tree, NBT Bank, Mavis, H&R Block, and others.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,100 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.