619-297-0055
286 W Main St, Patchogue, NY for Sale
Drug Store - FOR SALE
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286 W Main St
Patchogue, NY 11772


HIGHLIGHTS

  • Average household income of over $134,000 and a population of 68,000 within a 3-mile radius, $136,000 and 155,000 residents within a 5-mile radius.
  • 1 mile north of the property, St. Joseph's University - Long Island has 3,000 students and more than 400 faculty members on the 32-acre campus
  • Located 2.5 miles from the property, NYU Langone Hospital - Suffolk is a 306-bed medical center, home to the Knapp Cardiac Care Center.
  • Long Island, comprised of Suffolk and Nassau counties, has a population of 8.06 million, comprising over one-third of New York State's population.
  • A $160M luxury apartment project is being constructed just down the street,, consisting of a 455K sf residential complex and 262 units.
  • Located 4 miles from the property, Long Island MacArthur Airport provides flights to over 1.2 million passengers annually.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 286 W Main St, Patchogue, NY 11772 ("The Property"). Walgreens has been operating at the site for 15 years and has over 10 years of firm term remaining before the option periods. Walgreens operates under an absolute triple net lease, which provides for no landlord obligations whatsoever. Located on Long Island, the Property benefits from affluent demographics, with over 68,000 residents living within three miles and an average household income of $134,780. NYU Langone Hospital – Suffolk, located 2.5 miles east of the Property, is a 306-bed medical center that includes the renowned Knapp Cardiac Care Center, one of Long Island’s premier heart disease diagnostic and treatment facilities. Multiple new residential developments are underway within one mile of the Property. Carriage House, a new $160 million luxury apartment project, is being constructed down the street from the property, bringing a 455,000-square-foot residential complex featuring 262 apartments to the 4.08-acre site. Additionally, The Grove, a 55-unit mixed-use, affordable, and supportive housing development is under construction just a few blocks down Main Street. St. Joseph's University–Long Island, located one mile north of the Property, has 3,000 students and more than 400 faculty members on its 32-acre campus. Long Island MacArthur Airport, four miles north of the Property, is a regional commercial airport that serves over 1.2 million passengers annually. Listed in conjunction with Brian Brockman, Bang Realty-New York Inc, 513-898-1551, wg@bangrealty.com, NY DRE Lic. 10311208985.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Island MSA Affluent Infill Demos 7.5 CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

River Ave

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

Commercial

APN/PARCEL ID

0204-012-00-07-00-011-002

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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