CVS 109 Terry Rd
10,125 SF Retail Building Smithtown, NY 11787 $4,800,000 ($474/SF) 5.11% Cap Rate
Investment Highlights
- Pride of Ownership CVS: Extremely High Barriers to Entry
- Suffolk County is New York's Second Largest County
- Prototypical Free-Standing Building with Drive-Thru
- Attractive Cost of Occupancy - $24 per sqft
- $129,000+ Household Income - 1 Mile
- Corporate Backed Lease – CVS Health | S&P Credit Rating "BBB"
Executive Summary
Pride of Ownership CVS: Extremely High Barriers to Entry
Attractive Cost of Occupancy - $24 per sqft
Suffolk County is New York's Second Largest County
$129,000+ Household Income - 1 Mile
Prototypical Free-Standing Building with Drive-Thru
Corporate Backed Lease – CVS Health | S&P Credit Rating "BBB"
Surrounding Tenants Include: Chase Bank, 7-Eleven Walgreens, Dunkin Donuts, Hertz Car Rental, Taco Bell, U-Haul, and Many More
Attractive Cost of Occupancy - $24 per sqft
Suffolk County is New York's Second Largest County
$129,000+ Household Income - 1 Mile
Prototypical Free-Standing Building with Drive-Thru
Corporate Backed Lease – CVS Health | S&P Credit Rating "BBB"
Surrounding Tenants Include: Chase Bank, 7-Eleven Walgreens, Dunkin Donuts, Hertz Car Rental, Taco Bell, U-Haul, and Many More
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,125 SF
Building Class
C
Year Built
1997
Price
$4,800,000
Price Per SF
$474
Cap Rate
5.11%
NOI
$245,469
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.40 AC
Zoning
C - Commercial
Parking
80 Spaces (7.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0800-106-00-05-00-012-007 | Improvements Assessment | $25,800 |
Land Assessment | $1,400 | Total Assessment | $27,200 |