Walgreens - Troy, NY

Investment Overview

Rare opportunity to purchase this Walgreens on a NN lease structure with minimal Landlord responsibilities in Troy, NY. The property sits on a 1.91-acre plot settled against the Hudson River in an irreplaceable, infill location. This property services the immediate surrounding households of the suburb north of Albany. With 3.5 years of term remaining and four 5-year options to extend, this opportunity provides stable income and potential for yield increases upon renewal options being exercised.

Investment Highlights

• 14,673 SF freestanding building on 1.91 acres
• Built in 2008
• 100% occupied since construction
• NN Lease Structure with minimal Landlord responsibilities
• Four 5-year options with 5% rent escalations
• Flood Insurance Required