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275 Broadway - NN Leased Walgreens 275 Broadway

15,120 SF Retail Building Amityville, NY 11701 $6,600,000 ($437/SF) 5.76% Cap Rate

Drug Stores New York Amityville 275 Broadway, Amityville, NY 11701

Investment Highlights

  • NN Lease Expiring in 2060 - Landlord is only responsible for Roof and Structure
  • Located at a signalized corner along one of Long Island’s busiest thoroughfares, directly adjacent to the LIRR Amityville Station
  • Strong Local Demographics Positioned in a dense residential area providing a large consumer base. Median Household Income $92.5K
  • Walgreens Boots Alliance Inc. (WBA) is a publicly-traded company with over 8,500 locations.
  • 17.1% rent increase in ~10 years
  • Surrounded by newly developed Avalon Amityville (338 rental units, built 2023) & Village By The Bay (115 rental units, built 2020)

Executive Summary

NN LEASED WALGREENS ON 2.66 ACRES

Attachments

275 Broadway - Ripco Setup

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
2001
Price
$6,600,000
Price Per SF
$437
Cap Rate
5.76%
NOI
$380,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
2.66 AC
Zoning
B-1 - B-1 Retail Business Zone
Parking
100 Spaces (6.61 Spaces per 1,000 SF Leased)
Frontage
139 FT on Broadway
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Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Citi
Chase Bank
Flagstar
F45 Training, Inc.
Starbucks
CrossFit
Five Guys
WW
LA Fitness
Red Lobster

PROPERTY TAXES

Parcel Number 0101-004-00-01-00-119-001 Improvements Assessment $14,960
Land Assessment $16,620 Total Assessment $31,580

PROPERTY TAXES

Parcel Number
0101-004-00-01-00-119-001
Land Assessment
$16,620
Improvements Assessment
$14,960
Total Assessment
$31,580
  • Stephen Preuss
    Power Broker Stephen Preuss
  • Kevin Louie
    Power Broker Kevin Louie
  • Andreas Efthymiou
    Andreas Efthymiou
  • Eric Delafraz
    Eric Delafraz
  • Christian Allimonos
    Christian Allimonos
(718) 663-2639

  • Listing ID: 33319161

  • Date on Market: 9/26/2024

  • Last Updated:

  • Address: 275 Broadway, Amityville, NY 11701

More public record information on 275 Broadway, Amityville, NY 11701

The Retail Property at 275 Broadway, Amityville, NY 11701 is currently available For Sale. Contact Ripco Real Estate for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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275 Broadway, Amityville, NY for sale Building Photo- Image 1 of 10
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275 Broadway, Amityville, NY for sale Building Photo- Image 3 of 10
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275 Broadway, Amityville, NY for sale Building Photo- Image 4 of 10
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275 Broadway, Amityville, NY for sale Building Photo- Image 9 of 10
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275 Broadway - NN Leased Walgreens | 275 Broadway
(718) 663-2639 x

275 Broadway - NN Leased Walgreens | 275 Broadway

1/5

Stephen Preuss

(718) 663-2639

(718) 663-2639

Kevin Louie

(718) 663-2642

(718) 663-2642

Andreas Efthymiou

(718) 663-2643

(718) 663-2643

Eric Delafraz

(718) 663-2653

(718) 663-2653

Christian Allimonos

(718) 663-2651

(718) 663-2651

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