Drugstore with NNN
New
For Sale
Contact for pricing
109 Terry Rd, Smithtown, NY 11787
The CVS Health location has operated continuously for 27 years under a corporate guarantee.
Property Size10,125 SF
Price / SF$404.07
Days on Market3
Property Features for 109 Terry Rd
General Information
Standard status
Active
Size
10,125 SF
Property subtype
RETAIL
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Tenancy
Single
Listing Agency:
American Investment Properties, Inc.
(516) 393-2300
Listed By:
Ron Koenigsberg · License #31K00933350
(516) 993-7252
Source:
Moodyscre
Added: Oct 27
Changed: Oct 29
Last Checked: Oct 28 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of American Investment Properties, Inc.
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Investment Insights
Based on property information with market context.
This 10,125-square-foot drugstore at 109 Terry Rd in Smithtown is occupied by CVS Health. The location has operated continuously for 27 years, and the lease carries a corporate guarantee. Its absolute NNN structure assigns no landlord responsibilities.
Rent increases by 8% at each five-year option. The property is in Smithtown, New York, within a trade area with a median household income of $147,853 within one mile.
Rent increases by 8% at each five-year option. The property is in Smithtown, New York, within a trade area with a median household income of $147,853 within one mile.
Key Highlights
- 10,125‑square‑foot drugstore leased to CVS Health
- Corporate guarantee backs the lease
- Absolute NNN lease with no landlord responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,562
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,511,240
$5.5M
Cap Rate 7%
$3,936,600
$3.9M
Cap Rate 9%
$3,061,800
$3.1M
Market Conditions
NOI Build-Up for 10,125 SF
Gross rent
$388.8K $38.40/SF
− Vacancy
−$21.4K −$2.11/SF
EGI
$367.4K $36.29/SF
− OpEx
−$91.9K −$9.07/SF
NOI
$275.6K $27.22/SF
Area
Smithtown, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,511,240
Cap Rate 7%
$3,936,600
Cap Rate 9%
$3,061,800
Alternative Uses
Best Use
Specialty Retail
$3.94M
$3.44M – $4.59M
NOI $275,562 @ 7.0% cap · market cap 6.74%
Second Best
Retail
$3.18M
$2.78M – $3.71M
NOI $222,661 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$6.27M
$5.49M – $7.31M
NOI $438,858 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
55k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
13,416 visits/mo
0.3 miles
Sunoco
Shops & Services
12,765 visits/mo
0.3 miles
Chase Bank
Shops & Services
10,327 visits/mo
0.3 miles
TD Bank
Shops & Services
6,324 visits/mo
0.2 miles
Smithtown Toyota
Shops & Services
4,995 visits/mo
0.3 miles
Demographics for 11787, NY
35,361
Population
12,147
Households
2.9
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
2,373
Density / Sq Mi
$141,505
Median Household Income
$64,248
Median Earnings
$2,349
Median Rent
$642,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Walgreens Pharmacy — 712 Smithtown Bypass, Smithtown, NY 11787
- CVS Pharmacy — 111 Terry Rd, Smithtown, NY 11787
- COVID-19 Drive-Thru Testing at Walgreens — 712 Smithtown Bypass, Smithtown, NY 11787
- Daniel Lewis — 712 Smithtown Bypass, Smithtown, NY 11787
- Mohammed Ellahi — 712 Smithtown Bypass, Smithtown, NY 117875004
Frequently Asked Questions
What type of property is this?
Drug store - The CVS Health location has operated continuously for 27 years under a corporate guarantee.
Where is this drug store located?
The property is located at 109 Terry Rd Smithtown, NY.
What is the asking price?
The asking price for this property is $4,091,166.
What are key features of this property?
This property features: 10,125‑square‑foot drugstore leased to CVS Health; Corporate guarantee backs the lease; Absolute NNN lease with no landlord responsibilities
