CVS & Total Care Rental Incrs No Rent Holiday 5 Main St Local commercial 1 428 m² À vendre Queensbury, NY 12804 4 229 847 € (2 961,09 €/m²) Taux de capitalisation 7,65 %

We are pleased to market for sale the CVS-anchored two-tenant property located at 5 Main St, Queensbury, NY 12804 ("The Property"). CVS has been at this location since 1996 and has renewed its second option period at escalated rents. Total Care has been in operation since 1997 and has recently signed a new lease and completed a $150,000 remodel of its space, which demonstrates both tenants' long-term commitment to the location.
CVS reports strong sales at this location, with a steady increase of over $4.8 million in the last five years. The CVS lease structure includes 8% rental increases in the upcoming option period, while the adjacent Total Care tenant benefits from 20% increases in its second and third options, providing strong income growth for ownership.
The Property is located 1 mile from Glens Falls Hospital, the largest employer in the region, which serves patients across a five-county region spanning 6,000 square miles of New York’s Adirondack Mountains. With over 3.7 million square feet of retail space within a 2-mile radius of the Property, Queensbury functions as the primary retail hub for Warren County, drawing a steady customer base.
Strategically positioned along Main Street, the Property has direct visibility to more than 17,600 vehicles per day, with additional exposure from its proximity to Interstate 87, which connects Montreal to the north and Albany to the south, carrying over 44,500 vehicles per day.

Listed in conjunction with Brian Brockman, Bang Realty - New York Inc, 513-898-1551, wg@bangrealty.com, NY DRE Lic. 10311208985.