111 Terry Rd - Drug Store FOR SALE


Smithtown, NY 11787
$4,766,000 USD
332-345-4222
111 Terry Rd, Smithtown, NY for Sale
$4,766,000 USD
Drug Store - FOR SALE
1/2
null | 5.15% Cap Rate

111 Terry Rd
Smithtown, NY 11787


HIGHLIGHTS

  • Corporate Lease with Strong Credit
  • Minimal Landlord Responsibilities
  • Rent Increases In Options

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy located at 111 Terry Road, Smithtown, NY 11787. The site consists of roughly 10,125 rentable square feet of building space on an estimated 1.4-acre parcel of land. This CVS Pharmacy is subject to a Modified Triple Net lease, which commenced 7/17/1997. The current annual rent is $245,470 and has scheduled increases of 8% in options.

FOR SALE DETAILS

PRICE

$4,766,000 USD

PRICE/SF

$471 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.