- For Sale $2,924,000
- Property Type Retail
- Property Size 11,984 SF
- Cap Rate % 6.25
- Date Updated May 7, 2025
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.
The Walgreens is located at the signalized, hard corner intersection of N. Park St. and E. Main St with a combined (11,300 VPD).
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
54/100
Somewhat Walkable
-
Bike Score ®
50/100
Bikeable
- City Cambridge, NY
- Neighborhood Cambridge
- Zip Code 12816
- Market Albany
Points of Interest
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Stewart's
0.06 miles
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Cumberland Farms
8.17 miles
-
Mobil
8.92 miles
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King Bakery Donuts
0.68 miles
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Burger Den
4.71 miles
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Benson's Family Restaurant
5.29 miles
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Wallie's of Greenwich
7.49 miles
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Just Meats Deli
7.58 miles
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Elsasser's @ 111
7.58 miles
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Greenwich House of Pizza
8.27 miles
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Subway
8.29 miles
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McDonald's
8.36 miles
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Jay's Pizza
8.67 miles
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Cambridge IGA
0.52 miles
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Yushak's
4.61 miles
-
Big Lots
8.22 miles
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Hannaford
8.78 miles
Frequently Asked Questions
The space currently listed for sale at Walgreens asks for $2,924,000.
Walgreens totals 11,984 square feet.
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