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    863 Montauk Hwy Shirley, NY 11967

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    For Sale
    $7,999,999

    NNN Walgreens with 13 years remaining on initial lease.

    Property size:
    10,500 SF
    Lot size:
    0.78 Acres

    Property Features for 863 Montauk Hwy

    General Information

    Size
    10,500 SF
    Lot size
    0.78 Acres

    Source: ERG Agent Ryan Lewis

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

    Overview

    NNN Walgreens on Montauk Highway

    This NNN Walgreens property is located at 863 Montauk Highway in Shirley, NY, situated on the premier retail corridor of Montauk Highway, just off the intersection of Sunrise Highway and William Floyd Parkway. The property has 13 years remaining on the initial lease, with multiple options for renewal. The building has a property size of 10500 square feet. It is an outparcel to a larger shopping center and is located one block away from the South Port shopping center, which includes anchor tenants such as Kohl’s, Stop & Shop, Michaels, and Five Below. There are 50 years of lease renewal options.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor ATM (Bethpage) Atm Walgreens Pharmacy Pharmacy Citibank ATM Atm LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Rite Aid Pharmacy, Shirley Pharmacy and Surgicals, Entheogenic Emporium, Long Island Nutrition, Starbox Beauty Supply

    Location Insight

    • Map
    • Local Demand
    City
    Shirley
    County
    Suffolk
    State
    New York
    Longitude
    -72.865612
    Latitude
    40.801494

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    FAQs

    What type of property is this?
    Drug store - NNN Walgreens with 13 years remaining on initial lease.
    Where is this drug store located?
    The property is located at 863 Montauk Hwy Shirley, NY.
    What is the asking price?
    The asking price for this property is $7,999,999.
    What are key features of this property?
    This property features: - NNN Walgreens with **13 years remaining** on the initial lease.; - Located on the premier retail corridor Montauk Highway.; - Situated just off the highly travelled intersection of Sunrise Highway and William Floyd Parkway.
    (212) 807-6640
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    863 Montauk Hwy Shirley, NY 11967
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    Shirley, NY 11967
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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
    863 Montauk Hwy Shirley, NY 11967
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