The subject property is positioned on a 2.40 acres parcel on the east side of State Highway 30 at the juncture of Tessiero Square Road and State Highway 30, which is considered as the epicenter for retail trade area in the city of Amsterdam NY.
20,000 +/- VPD
Entrance/Egress on State Highway 30 and Tessiero Square
Prime Real estate at a light
This 100% occupied build to suite single- tenant NNN leased retail investment property is 14,550 sqft situated on 2.4 acres. The property benefits form a seventy-five (75) year lease with Walgreens that has approximately 14 years of firm lease term remaining. The subject property is located in the center of Amsterdam, NY's retail corridor and is positioned across from St Mary's Health Campus. The tenant is in its first 25 years of a 75-year least term an pays a fixed monthly rent of 28,750 on an absolute net basis.