869 2nd Ave.
Troy, NY
Properties Details
Wells Net Lease Group is pleased to present the exclusive listing for the Walgreens located at 869 2nd Ave in Troy, NY. The site consists of roughly 14,673 rentable square feet of building space on an estimated 1.91-acre parcel of land. This property is subject to a 20-year double net lease, which commenced on June 30, 2010. The current annual rent is $602,114 and is scheduled to increase by 5.06% in each of the 4, 5-year renewal options.
Property Highlights
- Price: $6,662,000
- Cap Rate: 9%
- Lease Type: NN
- Lease Commencement: 6/30/2020
- Lease Expiration: 6/30/2030
- Increases: 5% in Option Periods