Property Overview 

For Sale: $11,500,000

Prime Investment Opportunity in Spring Valley, NY

New England Retail Properties, Inc. has been exclusively tasked with the sale of the Walgreens Pharmacy located at 208 W. Route-59 in Spring Valley, New York. This freestanding, ground-up construction has served the community since 2012, and represents a rare opportunity to acquire a corporate-guaranteed, absolute NNN asset in one of the New York metro area’s most densely populated suburban markets.

Built in 2012, the 14,737-square-foot building sits on a generous 1.50-acre site at the signalized, four-way intersection of Route 59 and South Main Street — one of Spring Valley’s busiest commercial crossroads. The lease is structured as a true absolute triple-net agreement, requiring no landlord responsibilities, with approximately 10 years remaining and eight, five-year renewal options extending a potential lease term through 2077. Current NNN rent is $690,000 annually, backed by Walgreens Co. (NYSE: WAG), an investment-grade national tenant with a long-standing operating history at this location.

Asset Details

Address: 208 W. Route-59, Spring Valley, NY 01977
County: Rockland County
Building Size: 14,737 SF
Property Size: 1.50 acres
Year Built: 2012
Guarantor: Walgreens Co. (NYSE: WAG)
Lease Type: Absolute NNN
Landlord Responsibilities: None
Lease Expiration: 2/29/2037
Remaining Term: 10 years
NNN Rent: $690,000.00
Renewal Options: Eight(8), 5-year options
Asking Price: $11,500,000

Contact

Matt Halprin
D: 860.529.9000 x 105 | C: 860.729.6810
E: halprinm@newenglandretail.com