Walgreens
2 N Park St, Cambridge, NY 12816
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, Walgreens investment property located in Cambridge, New York. The tenant, Walgreen Co., has over 14 years remaining on their initial lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
The Walgreens is located at the signalized, hard corner intersection of N. Park St. and E. Main St with a combined (11,300 VPD).
Building Details
- For Sale $2,924,000
- Property Type Retail
- Property Size 11,984 SF
- Cap Rate % 6.25
- Additional Rent Price on request
- Date Updated Jul 31, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
SRS Real Estate Partners
SRS Real Estate Partners
Location
- City Cambridge, NY
- Neighborhood Cambridge
- Zip Code 12816
- Market Albany
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Walk score 53/100 Somewhat Walkable -
Bike score 50/100 Bikeable
Points of Interest
Stewart's
0.06 miles
Cumberland Farms
8.17 miles
Mobil
8.92 miles
Cambridge IGA
0.52 miles
Yushak's
4.61 miles
Big Lots
8.22 miles
Hannaford
8.78 miles
Listing Summary
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Property Financials 2 N Park St is currently listed for sale at $2,924,000 for a price per square foot of $243.99.
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Property Details 2 N Park St totals 11,984 square feet of Retail space.
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Area Characteristics 2 N Park St is located in the Cambridge neighborhood.
In terms of ease of commuting, the area has a walk score of 53, indicating that it is somewhat walkable.