NNN Drugstore Building

863 Montauk Highway Shirley, NY 11967

Claim this Listing
For Sale
$6,500,000

SINGLE_FAMILY - Shirley, NY

Type:Retail
Lot size:
0.71 Acres
Added:
Jan 13, 2026
Days on Market:
180
Last Refresh:
Jul 12 at 6:06 am

Property Features for 863 Montauk Highway

General Information

Property type
Residential
Property subtype
Retail
Zoning
J2
Rooms
Basement
Standard status
Active
APN
0200-851-00-02-00-026-000 Parcel ID:02008510002000
Lot size
0.71 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
40307

Utilities

Cooling system
Central Air
Water source
Public

Listing agent Richard Matt Shane

Listing office All Island Estates Realty Corp 3242 Railroad Ave, Wantagh, NY

Listing date Jan 13, 2026

MLS# 951218

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This NNN drugstore building is occupied by Walgreens under a net lease structure, with the reported annual gross income stated at $505,000 and a lease expiration in 2036. The offering information also indicates a “flat rent” structure.

The property is located at 863 Montauk Highway in Shirley, New York (Suffolk County). The site is listed at 0.71 acres and is identified with zoning J2.

According to the provided remarks, expenses listed include Oil, Electric, Water, Maintenance & Repairs, Insurance, and Taxes at $0 (NNN lease), resulting in an NOI of $505,000 annually. The listed information also references a 7.77% cap rate based on the stated NOI.

Key Highlights

  • Walgreens NNN lease with flat rent of $505,000 annually
  • Lease expiration in 2036
  • Net operating income (NOI) listed as $505,000 annually

Property Analytics

Location Intelligence

Current Use by Public Records

Walgreens Photo (Bike/Boat/Book/etc) Store ATM (Bethpage) Atm Walgreens Pharmacy Pharmacy Citibank ATM Atm LibertyX Bitcoin ATM Atm

Suggested Use

Law Firm Real Estate Agency Spa & Massage Center Skin Care Clinic Hair Salon HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Parking Lot & Garage Garden Center

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

Similar Off Market Nearby

  • Rite Aid Pharmacy 803 Montauk Hwy D, Shirley, NY 11967
  • Shirley Pharmacy and Surgicals 60 Northern Blvd store 4, Shirley, NY 11967
  • Entheogenic Emporium 800 Montauk Hwy ste1, Shirley, NY 11967
  • Long Island Nutrition 67 Surrey Cir, Shirley, NY 11967
  • Starbox Beauty Supply 71 Surrey Cir, Shirley, NY 11967

FAQs

What type of property is this?
Drug store - Single-tenant Walgreens NNN property with a lease term expiring in 2036 and reported annual income of $505,000.
Where is this drug store located?
The property is located at 863 Montauk Highway Shirley, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Walgreens NNN lease with flat rent of $505,000 annually; Lease expiration in 2036; Net operating income (NOI) listed as $505,000 annually
Contact an agent
More about this property
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