CVS

485 Columbia St, Cohoes, NY
Deal Type:
Net Lease
Price:
$3,166,666
Cap Rate:
6.00%
Current Rent:
$190,000
Lease Type:
DoubleNet
Lease Expiration Date:
Approx. 15 years
Renewal Options:
2 x 5 Years
Building Sq. Ft.:
10,880 SF
Rent Increases:
Flat
Site Size:
1.10 Acres

Investment Highlights

  • Long Term Commitment: CVS Just Extended for 15 Years Proving Strong Commitment to the Site.
  • Location: Property sits on a highly desirable 1.10 acre parcel at a signalized intersection
  • Dense and Growing Population: Nearly 150,000 people within a 5-Mile radius
  • Low Price Point Pharmacy: Opportunity to Acquire 15 Year CVS at Low Price Point due to Replaceable Rents
  • Investment Grade Credit: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P.
  • Neighboring High School: Less than .5 mile walk from Cohoes High School ~ 540+ student enrollment

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]
John Woodcock Stream Capital Partners

John Woodcock

Vice President
503 853 6108
[email protected]

Taylor Trepinski

Vice President
786 684 1975
[email protected]

Broker of Record: Mike Antonoplos, Lic. #NY-109923763

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