Queensbury, NY

• CVS has been at this location since 1996 and renewed its 2nd option period at escalated rents. Total Care has been in operation since 1997, showing the tenants' long-term commitment to the location.
• CVS has 8% rental increases in the next option, and Total Care has 20% rental increases in options 2 and 3, providing a hedge against inflation.
• CVS sales have steadily increased by over $4.8 million in the last 5 years.
• Glens Falls Hospital, located 1 mile east, serves patients across five counties in an area that spans 6,000 square miles of New York's Adirondack Mountains region and is the region's largest employer.
• There are over 3.7 million square feet of retail space within 2 miles of the property, serving as the primary shopping and retail destination for Warren County and surrounding rural areas.
• Total Care recently signed a new lease and funded a $150,000 remodel of the space.

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.