250 Ny-104Oswego, NY 13126

This exceptional investment opportunity presents a fee-simple, Class A, 13,552 square foot Walgreens located at 250 NY-104, Oswego, NY 13126. The property boasts a prime corner location within Oswego's bustling retail corridor, benefiting from high visibility (42,000 vehicles per day) and a convenient drive-thru. Built in 2008, this single-tenant building sits on a 1.97-acre lot and features a 20-year absolute triple net (NNN) lease with Walgreens, a credit-rated tenant backed by a corporate guarantee. The lease, commencing February 1, 2008, and expiring February 1, 2028, has approximately 3.2 years remaining, with six 5-year renewal options including a 10% rent increase in each option period. The current annual net operating income (NOI) is $659,908, resulting in an attractive 8.25% cap rate and a price per square foot of $590.32. The property's strong tenant, excellent location, and lease terms make it an ideal investment for 1031 exchange buyers. Nearby businesses include McDonald's, Walmart, Lowe's, Tractor Supply, and Burger King, further solidifying the area's retail strength. The asking price is $8,000,000.