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

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
81 FT on Terry Rd

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru

Nearby Major Retailers

The Greene Turtle Sports Bar& Grille
Chase Bank
Flagstar
TD Bank
TD Ameritrade
Bank of America
Apple Bank
The Fresh Market
LA Fitness
Dime Community Bank

PROPERTY TAXES

  • Listing ID: 34243284

  • Date on Market: 12/19/2024

  • Last Updated:

  • Address: 109 Terry Rd, Smithtown, NY 11787