Walgreens

3575 Boston Road, Bronx, NY
Deal Type:
Net Lease
Price:
$6,797,129
Cap Rate:
5.40%
Current Rent:
$367,045
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 15 years
Renewal Options:
12, 5-Year
Building Sq. Ft.:
10,487 SF
Rent Increases:
5% Every 5 Years
Site Size:
0.51 Acres
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners

Investment Highlights

  • Commitment: Long term absolute NNN lease guaranteed by Walgreens, with scheduled rental escalations in the base term. Top performer for Walgreens nationally, very low rent to sales ratio.
  • Irreplaceable Location: Irreplaceable real estate on U.S. Route 1 (Boston Road) with over 20,00 VPD, which closely parallels (I-95) with traffic counts in excess of 91,000 VPD.
  • High Traffic Destination: Located in front of the Boston Road / Tiemann Avenue bus stop which accommodates over 6,700 passengers each day.
  • Market: Situated in the Bronx, NY, a very densely populated borough home to 1.5 million people, which is 20% of New York City’s total population and has been the fastest growing county in all of NY State in the past 10 years at 26%.
  • Store Sales: This location grosses $6.3 million in revenue.

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Taylor Trepinksi

Vice President
786 684 1975
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Mike Antonoplos, NY Lic. #34AN1074933

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