305 West Main Street, Malone, NY, United States
$6,032,787 6.10% Cap 14,820 sq ft Built 2007 Representative Photo Print This Page


305 West Main Street, Malone, NY, United States

Price: $6,032,787
CAP Rate: 6.10%
Net Operating Income: $368,000
Square-Footage 14,820
Lot Size: 1.68 AC
Year Built: 2007

Absolute NNN LeaseCorporate GuaranteeInvestment Grade CreditS&P Rated BBBSurrounded by Major RetailersZero Landlord Obligations

The subject offering is a fee simple interest in an absolute NNN leased Walgreens. There are 64 years remaining on the initial 75 year lease, with the lease calling for zero landlord obligations. The tenant has fifty 1-year options to renew. The subject property is well situated on a major commercial thoroughfare, surrounded by major national retailers.

Malone is a town in Franklin County, New York. The population was 14,545 at the 2010 census. The town contains a village also named Malone, which is the county seat. The town is an interior town located in the north-central part of the county.

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