- Corporate Signed by Walgreen Eastern Co. (S&P: BBB)
- Recently extended their lease through March 2034, demonstrating their long-term commitment to the site
- Lease features rental increases in 2025 and 2030, generating NOI and providing a hedge against inflation
- Headquartered in Deerfield, IL, Walgreens operates more than 9,000 stores across all 50 states
Investment Offering
Hornell, NY - Walgreens
12 Park Drive | Hornell, NY 14843
$5,190,000
Price6.5%
Cap Rate$337,380
NOI13,813
± SF Offering GLADescription
Location
- Walgreens is strategically located at the signalized, hard corner intersection of State Highway 36 and Park Drive, averaging over 20,100 vehicles per day
- The building is complete with a drive-thru pharmacy, providing ease and convenience for customers
- The site benefits from a large monument sign, creating excellent visibility along both cross streets
- The subject property is ideally situated as an outparcel to Hornell Railroad Centre, a shopping center anchored by major tenants including Save A Lot, Tractor Supply Co., Family Dollar, and Aaron’s
Documents & Links
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 Offering Memorandum |  |  |