212-807-6640[email protected]
ERG Commercial Real Estate logo

For Sale: Long Island NNN Walgreens

For Sale: Long Island NNN Walgreens

For Sale: Long Island NNN Walgreens
Price
$9,000,000

$7,999,999

Address
863 Montauk Highway
Map Address
863 Montauk Highway, Shirley, New York, 11967
Zip/Postal Code
11967
Country
US
Location
Shirley, Suffolk
Status
For Sale
Property Type
Commercial
Building Size
10500 sf
Lot Size
39639 sf
Zoning
Business J2
Block
2
Lot
10.2
Section
851
Property Tax Amount
$78,799
Annual Income
$505,000
Total Expenses
NNN
NOI
$505,000
Cap Rate
6.3%
Year Built
2011
Residential Units
0
Commercial Units
1
As Exclusive Brokers, ERG Commercial Real Estate is pleased to present 863 Montauk Highway Shirley, NY, a NNN Walgreens located on the premier retail corridor Montauk Highway just off of the highly travelled intersection of Sunrise Highway and William Floyd Parkway. Walgreens currently has 13 years remaining on the initial lease with multiple options. The property is an outparcel to a larger shopping center as well as one block away from the South Port shopping center with anchor tenants such as Kohl’s, Stop Shop, Michaels, Five Below, etc.