26 Wicks Rd - Drug Store FOR SALE


Brentwood, NY 11717
$12,738,000 USD
617-584-5454
26 Wicks Rd, Brentwood, NY for Sale
$12,738,000 USD
Drug Store - FOR SALE
1/1
null | 5% Cap Rate

26 Wicks Rd
Brentwood, NY 11717


OVERVIEW

Boston Real Estate Advisors is pleased to present this exclusive opportunity to purchase a net-leased Walgreens property located at 26 Wicks Road in Brentwood, New York (the “Property”). There is over 13 years remaining on the initial 20 year lease term. Tenant may terminate the lease every five years as of 10/31/2036 with twelve months notice. This is an extremely rare opportunity for an investor to acquire a freestanding, long-term NNN Walgreens in the New York City metro area. This Walgreens store is located in a highly visible hard corner of Wicks Road (31,600 cars per day) and Suffolk Avenue (20,500 cars per day). The store opened for business in November 2016. This Walgreens has high sales volumes at this location, as it fills a “hole” in the market, as the closest CVS is 2.5 miles away, and the closest Walgreens is 4.5 miles away. INVESTMENT HIGHLIGHTS:

FOR SALE DETAILS

PRICE

$12,738,000 USD

PRICE/SF

$885 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

BUS1

APN/PARCEL ID

0500-136-00-01-00-067-003

ASK ABOUT THIS PROPERTY

Craig BarkerBoston Real Estate/Coastline Real Estate AdvisorsMore Info
617-584-5454

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Craig BarkerBoston Real Estate/Coastline Real Estate AdvisorsMore Info
617-584-5454

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