NNN Walgreens
For Sale
Contact for pricing
863 Montauk Hwy, Shirley, NY 11967
NNN Walgreens with 13 years remaining on the initial lease and multiple options, plus long-term renewal provisions.
Property Size10,500 SF
Price / SF$761.90
Days on Market890
Property Features for 863 Montauk Hwy
General Information
Standard status
Active
Size
10,500 SF
Property subtype
RETAIL
Listing Agency:
ERG
(646) 253-0956
Listed By:
Ryan Lewis
Source:
Moodyscre
Added: Feb 21, 2024
Changed: Jul 26
Last Checked: Jul 30 at 9:05AM
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 ERG
Investment Insights
Based on property information with market context.
ERG Commercial Real Estate is pleased to present a NNN Walgreens located at 863 Montauk Hwy in Shirley, New York. The property is operated as a Walgreens and is described as an outparcel to a larger shopping center. The asset is positioned on the retail corridor of Montauk Highway, just off the intersection of Sunrise Highway and William Floyd Parkway.
Walgreens currently has 13 years remaining on the initial lease with multiple options. The offering information also states there are 50 years of lease renewal options available. The property is additionally described as being one block away from the South Port shopping center, with anchor tenants including Kohl’s, Stop & Shop, Michaels, and Five Below.
Walgreens currently has 13 years remaining on the initial lease with multiple options. The offering information also states there are 50 years of lease renewal options available. The property is additionally described as being one block away from the South Port shopping center, with anchor tenants including Kohl’s, Stop & Shop, Michaels, and Five Below.
Key Highlights
- NNN Walgreens on Montauk Highway in Shirley, NY, just off the Sunrise Highway and William Floyd Parkway intersection
- Walgreens currently has 13 years remaining on the initial lease with multiple options
- Includes long‑term lease renewal provisions with 50 years of lease renewal options
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 38%
Groceries 13%
Home Improvements & Furnishings 5%
Dollar Tree
Shops & Services
20,411 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
16,329 visits/mo
0.2 miles
SONIC Drive In
Dining
14,236 visits/mo
0.3 miles
Lidl
Groceries
11,568 visits/mo
0.3 miles
Capital One Bank
Shops & Services
10,269 visits/mo
0.3 miles
Demographics for 11967, NY
26,213
Population
8,922
Households
2.9
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
13.2 sq mi
ZIP Area
1,986
Density / Sq Mi
$106,810
Median Household Income
$52,515
Median Earnings
$2,157
Median Rent
$386,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN Walgreens with 13 years remaining on the initial lease and multiple options, plus long-term renewal provisions.
Where is this nnn property 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 on Montauk Highway in Shirley, NY, just off the Sunrise Highway and William Floyd Parkway intersection; Walgreens currently has 13 years remaining on the initial lease with multiple options; Includes long‑term lease renewal provisions with 50 years of lease renewal options
