North Adams NNN Properties For Sale

More details for 2 N Park St, Cambridge, NY - Retail for Sale

Walgreens | 14+yrs Remain Corp Abs NNN - 2 N Park St

Cambridge, NY 12816

NNN Property
Retail for Sale
$3,998,482 CAD
11,984 SF

Cambridge Retail for Sale - Washington County

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, Walgreens investment property located in Cambridge, New York. The tenant, Walgreen Co., has over 14 years remaining on their initial lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day.

Contact:

SRS National Net Lease

Property Subtype:

Drug Store

Date on Market:

2024-01-25

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NNN Property for Sale within 50 kilometers of North Adams, MA, USA

Cambridge Retail for Sale - Washington County

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