Contacts
SRS Real Estate Partners
SRS Real Estate Partners
Property Details
- Property Type Retail
- Property Size 11,984 SF
- Cap Rate % 6.25
- Date Updated May 7, 2025
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, Walgreens investment property located in Cambridge, New York. The tenant, Walgreen Co., has over 14 years remaining on their initial lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
The Walgreens is located at the signalized, hard corner intersection of N. Park St. and E. Main St with a combined (11,300 VPD).
Reach out to the broker for more info on lease terms and amenities
Getting around
-
54/100
Walk Score ®
-
50/100
Bike Score ®
Location
- City Cambridge, NY
- Neighborhood Cambridge
- Zip Code 12816
- Market Albany
Points of Interest
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Stewart's
0.06 miles
-
Cumberland Farms
8.17 miles
-
Mobil
8.92 miles
-
King Bakery Donuts
0.68 miles
-
Burger Den
4.71 miles
-
Benson's Family Restaurant
5.29 miles
-
Wallie's of Greenwich
7.49 miles
-
Just Meats Deli
7.58 miles
-
Elsasser's @ 111
7.58 miles
-
Greenwich House of Pizza
8.27 miles
-
Subway
8.29 miles
-
McDonald's
8.36 miles
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Jay's Pizza
8.67 miles
-
Cambridge IGA
0.52 miles
-
Yushak's
4.61 miles
-
Big Lots
8.22 miles
-
Hannaford
8.78 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.