CVS | Strong Corporate Lease | High Performing Location
108 Route 44 Millerton, NY
Price: $3,203,000
Status: Under Contract
Cap Rate: 7.5%
Year Built: 1957/ Ren. 2005
NOI: $240,200
Lot Size: 1.09 acres
Price Per Foot: $309
Lease Type: Modified NNN
Remaining Term: 4.5 Years
GLA: 10,349 sqft
Property Intro
Lee & Associates is pleased to present a high-quality, single-tenant investment featuring CVS Pharmacy in the heart of Millerton, New York. This stable, long-term asset offers investors a passive income stream with minimal landlord responsibilities, making it an ideal addition to any investment portfolio. Millerton, NY, is a thriving community known for its charming downtown, affluent residents, and steady foot traffic. Located near the Hudson Valley and Berkshire regions, the area attracts a mix of local shoppers, weekend visitors, and second-home owners. With a growing demand for essential retail and healthcare services, CVS remains a recession-resistant tenant, ensuring continued viability and cash flow stability.