Generally pharmacy is 1.5 to 2 acres.

search sold comps and see what other single tenant pharmacies are selling for in that city. look for cap rate and price/sf for the most similar buildings in size, condition, age and location.

@Chris Catt @Nick Leboeuf @Justin Ricksonhey guys... wanted to ask for your opinion in the neighborhood in Albany:Albany College of Pharmacy and Health Sciences / Notre Dame Dr (picture below).

Do have a couple multi family 3 plex and a retail with 3 apartments above it. 4 young children and own a pharmacy so very busy.

If I were King, I'd hit the costs at the sources, hospitals and doctors from charging a grand a minute and the pharmacy bills at 5K for a shot when they sell the same shot in other countries for a few hundred bucks....we have been gouged IMO.

You can snag Medical/Dental/Law/Pharmacy Students, or some of the new Fellows through various foundations who trying to score a cheap place, $400-$600, in the City(requirement to their employment) but don't have the money to live in Downtown, Midtown, Lafayette Park where one bedrooms start at $1000/month, two bedrooms start at $1300.Check areas off/on of West Grand Blvd, but south of Michigan Ave.Also,Right now The North End is in play, thats the area off of Woodward but south of Highland Park.

We would often drive to Florida together to visit my sister, who at the time was going to pharmacy school.

Then if they chose the City of Detroit they wouldn't want to live in that section of town, there isn't even a grocery store, gas station or pharmacy within 2 miles of Southwestern HS.  

You can get better returns, with less risk than a single-tenant NNN (everyone thought pharmacies were safe two years ago), just using termed financial instruments (bonds, cd’s, money markets).  

Hello everyone, I am a practicing pharmacist/ pharmacy owner from San Jose, California.