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2801 Guilderland Ave

13,225 SF Retail Building Rotterdam, NY 12306 $10,638,009 CAD ($804 CAD/SF) 5% Cap Rate

Drug Stores New York Rotterdam 2801 Guilderland Ave, Rotterdam, NY 12306

Investment Highlights

  • Approximately 20 Years Remaining | Options To Extend | Investment Grade Tenant (S&P: BBB) | Top 84th Percentile
  • Offered Free & Clear or with CTL Zero Cash Flow Financing | Tax Advantages and Passive Equity Growth
  • Strong Demographics in 5-Mile Trade Area
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Nearby Apartment Complexes | Residential Consumer Base

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, CVS investment property located in Rotterdam, New York (Albany MSA). The tenant has approximately 20 years remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The asset includes a Credit Tenant Lease (CTL) zero cash flow financing which may be assumed, which also includes a paydown/readvance feature allowing 1031 exchange investors to pull cash out from the transaction. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states.

Attachments

Rotterdam NY - CVS OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
B
Year Built
2016
Price
$10,638,009 CAD
Price Per SF
$804 CAD
Cap Rate
5%
NOI
$531,910 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
1.75 AC
Zoning
B-1 - Retail Business District
Parking
59 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
206 ft on Guilderland Ave

Amenities

  • Signage
  • Air Conditioning

Links

1 of 1
Walk Score ®
Very Walkable (71)
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Learn How It Works Detailed Scores
(949) 698-1113

  • Listing ID: 34069234

  • Date on Market: 2024-12-03

  • Last Updated:

  • Address: 2801 Guilderland Ave, Rotterdam, NY 12306

The Retail Property at 2801 Guilderland Ave, Rotterdam, NY 12306 is currently available For Sale. Contact SRS Real Estate Partners for more information.

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2801 Guilderland Ave, Rotterdam, NY for sale Building Photo- Image 1 of 8
Rotterdam NY - CVS
2801 Guilderland Ave, Rotterdam, NY for sale Building Photo- Image 2 of 8
Rotterdam NY - CVS2
2801 Guilderland Ave, Rotterdam, NY for sale Building Photo- Image 3 of 8
Rotterdam NY - CVS3
2801 Guilderland Ave, Rotterdam, NY for sale Building Photo- Image 4 of 8
Rotterdam NY - CVS4
2801 Guilderland Ave, Rotterdam, NY for sale Building Photo- Image 5 of 8
Rotterdam NY - CVS5
2801 Guilderland Ave, Rotterdam, NY for sale Building Photo- Image 6 of 8
Rotterdam NY - CVS6
2801 Guilderland Ave, Rotterdam, NY for sale Building Photo- Image 7 of 8
Rotterdam NY - CVS7

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2801 Guilderland Ave
(949) 698-1113 x

2801 Guilderland Ave

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John Redfield

(949) 698-1113

(949) 698-1113

Britt Raymond

(929) 229-2614

(929) 229-2614

Joe Chichester

(714) 393-2552

(714) 393-2552

Kyle Zimmer

(949) 270-8221

(949) 270-8221

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