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100 Lake Blvd
Mahopac, NY 10541

$3,180,000 USD

Drugstore For Sale  •  10,402 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 10,402 SF
  • Lot Size 1 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning C
0 Transit Score
65 Walk Score

Highlights

16+ Year Corporate Backed Lease Featuring 5% Rental Increases at Each Option. 32 Year Historical Occupancy as a Drug Store.
Strong Commitment to the Location: CVS Exercised Multiple Options and Recently Extended the Term 18+ Years in 2021.
Strong Tenant - CVS Health (NYSE: CVS) features a S&P Investment Grade Credit Rating of “BBB” and is Ranked #6 on the Fortune 500 List.
Located Adjacent to Lake Mahopac - this Prime Spot benefits from Stunning Waterfront Views and Steady Foot Traffic, attracting Locals and Visitors.
Strong Performing Location: has been Operating as a Drugstore for more than 30 Years, with CVS previously reporting Sales Consistently North of $15M.
Top 15% in the Chain per Placer.ai.
Cap Rate: 6.00 %

Public Transportation

Commuter RailDriveWalkDistance
Croton Falls Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) 12 min - 4.9 mi
Purdy's Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) 16 min - 7.1 mi
AirportDriveWalkDistance
Westchester County 39 min - 26.9 mi
New York Stewart International 58 min - 39.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap