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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

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
More about this property
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