For Sale: Long Island NNN Walgreens

863 Montauk Highway, Shirley, New York, 11967
$7,999,999

Description

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.

Property Documents

Detail

  • Price: $7,999,999
  • Building Size: 10500 sf
  • Lot Size: 39639 sf
  • Year Built: 2011
  • Property Type: Commercial
  • Property Status: For Sale
  • Property Tax Amount: $78,799
  • Block: 2
  • Lot: 10.2
  • Zoning: Business J2
  • Commercial Units: 1
  • Section: 851
  • Annual Income: $505,000
  • Total Expenses: NNN
  • NOI: $505,000
  • Cap Rate: 6.3%
  • Address: 863 Montauk Highway
  • City: Suffolk
  • Zip/Postal Code: 11967
  • Neighborhood: Shirley
  • Country: United States

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All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.