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    109 Terry Rd Smithtown, NY 11787

    For Sale
    $4,766,000

    NNN lease CVS Pharmacy with rent increases in options.

    Property size:
    10,125 SF
    Lot size:
    1.44 Acres

    Property Features for 109 Terry Rd

    General Information

    Size
    10,125 SF
    Lot size
    1.44 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    CVS Pharmacy Investment Opportunity

    This property features a corporate lease with CVS Pharmacy, backed by CVS Health, a Fortune 500 company. The property operates under a modified NNN lease with minimal landlord responsibilities, limited to the roof, which was replaced in 2013 and comes with a transferable warranty. The property benefits from rental escalations of 8% in 2029 (Option 1) and 2034 (Option 2). CVS has been operating at this location for over 25 years. Positioned at the entrance of Avalon Commons, a 312-unit luxury apartment community, CVS benefits from a built-in customer base of high-income residents. As a healthcare and pharmacy provider, CVS benefits from consumer demand, making it a recession-resistant investment. The property size is 10125 square feet and is located at 109 Terry Rd, Smithtown, NY.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walgreens Pharmacy, CVS Pharmacy, Mohammed Ellahi, COVID-19 Drive-Thru Testing at Walgreens, Daniel Lewis

    Location Insight

    • Map
    • Local Demand
    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.1711658
    Latitude
    40.8507933

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    FAQs

    What type of property is this?
    Drug store - NNN lease CVS Pharmacy with rent increases in options.
    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 $4,766,000.
    What are key features of this property?
    This property features: - Corporate-guaranteed lease by CVS Health (NYSE: CVS), a Fortune 500 company; - Located at the entrance of Avalon Commons, a 312-unit luxury apartment community, providing a built-in customer base; - Minimal landlord responsibilities under a modified NNN lease
    (332) 345-2408
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    Smithtown, NY 11787
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Terry Rd Smithtown, NY 11787
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