Chain Pharmacy, New York State, USA

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Chain Pharmacy, New York State, USA

$7,450,000
$4,831 /m²
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  • Total area
    1,542 m²
  • Yield
    5.84%
  • Rental rate (m²/month)
    $26.4
  • Built in 
    2009
Details
Property parameters
  • Leasable area: 1,377 m²
  • Land area: 1,538 m²
  • Number of parking lots: 60
  • 1-floor building
Tenants
  • Fully let
  • End of lease: 2034
Transaction costs
  • Broker: 3.0%
Features
  • Street retail

Large chain pharmacy in New York State.

Description

The detached one-storey building with a leasable area of 1,377 m².

Financial performance

The annual income is 435,000 $.

The yield is 5.84%.

Tenants

The building is fully let. The tenant is the largest pharmacy chain in the United States with nearly 10,000 branches.

The lease was concluded until 2034 with extension options for the next 50 years.

NNN lease.

Transaction costs

The brokerage fee is 3%.

Location and nearby infrastructure

The property is located in New York State, in a town of approximately 15,000 inhabitants.

The building is located in a developed area of the city next to well-known chain supermarkets, shops, cafes and residential buildings.

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