Walgreens

Consolidation Store – This property was originally a Rite Aid that Walgreens converted and rebranded in 2019 as part of a strategic consolidation initiative. Consolidation Store – This property was originally a Rite Aid that Walgreens converted and rebranded in 2019 as part of a strategic consolidation initiative. Notably, Walgreens permanently closed its own adjacent build-to-suit store across the street and consolidated operations into this location, reinforcing the subject property’s importance within the trade area and demonstrating a clear long-term commitment to the site.
Rental Escalations – This Walgreens benefits from rental escalations averaging 3.5% every 5 years, providing a built-in hedge against inflation – a relatively uncommon feature among most Walgreen stores.
Strong Retail Corridor – Strategically positioned along US-9, this Walgreens sits within one of Hudson’s primary retail corridors adjacent to Fairview Plaza, a 282,000+ SF regional shopping center. The property benefits from strong surrounding retail synergy with numerous national retailers nearby, including Aldi, Ollie’s Bargain Outlet, Planet Fitness, McDonald’s, KeyBank, Dunkin’, Burger King, The UPS Store, CVS, and Dollar Tree, and more driving consistent consumer traffic.
Healthy Incomes – This Walgreens serves the Hudson trade area where the average household income within a 5-mile radius exceeds $102,000, supporting healthy consumer spending patterns, stable retail fundamentals, and long-term tenant viability.
Hospital Proximity – This Walgreens is strategically located just 0.9 miles from Columbia Memorial Health, a 192-bed acute care hospital within the Albany Med Health System. The nearby hospital presence provides a strong healthcare demand driver for the location, supporting recurring pharmacy traffic and long-term prescription volume.
Senior Facilities Nearby – Strategically located within 0.5 miles of multiple senior housing and care facilities, positioning Walgreens to serve a demographic with consistent and recurring pharmacy demand. Nearby facilities include The FASNY Firemen’s Home, a 120-acre, 120,000 SF campus dedicated to the care of former volunteer firefighters that has served more than 3,000 residents to date, as well as Greenport Manor, a senior living community serving the local area.

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Cory Rosenthal