Cap Rate: 6.25%
Net Operating Income: $590,441
Square Footage: 14,763
Lot Size: 1.3 AC
Year Built: 2013
The subject property is a 14,7630 SF building, leased to Walgreens (WBA) on an absolute NNN lease. The lease calls for zero landlord obligations. The asset is well located in Waterloo, New York.
The site is well positioned on a highly visible location at a signalized intersection along a major retail corridor. This Walgreens also benefits from surrounding retailers including McDonald’s, Tops Friendly Markets, Burger King, Dunkin’, ALDI, and many others.
Waterloo is a village in Seneca County, New York, United States. The population was 5,171 at the 2010 census and is now the most populated village in Seneca County. The village is named after the Waterloo in Belgium, where Napoleon was defeated. It is the primary county seat of Seneca County, with the other being Ovid as part of a two-shire system established in 1822. Most of the county administrative offices are located in the village. Therefore, many political sources only list Waterloo as the county seat.
The Village of Waterloo is mostly in the Town of Waterloo, but the part south of the Cayuga-Seneca Canal of the village is in the Town of Fayette and a small area in the southeast of the village is in Town of Seneca Falls. Waterloo is east of Geneva and is located in between the two main Finger Lakes, Seneca Lake and Cayuga Lake.