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    26 Wicks Rd Brentwood, NY 11717

    For Sale
    $12,738,000

    High-traffic Brentwood, NY pharmacy

    Property size:
    14,393 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 14,393-square-foot Walgreens, situated on a 1.166-acre lot at 26 Wicks Rd, Brentwood, NY 11717. The property boasts a strong 5.00% cap rate and a substantial net operating income (NOI) of $636,853. Secured by a long-term, absolute NNN lease with Walgreens (NASDAQ:WBA), the lease commenced October 16, 2016, and has a remaining term of approximately 12 years, expiring October 30, 2036. The lease includes options for renewal. This single-tenant property benefits from a prime location with high visibility, situated on a hard corner with significant daily traffic counts exceeding 50,000 vehicles on Wicks Road and Suffolk Avenue. Built in 2016, the pharmacy enjoys a 100% occupancy rate and serves a densely populated area with over 125,000 residents within a 3-mile radius, exhibiting an average household income exceeding $128,000. The asking price is $12,738,000, translating to a price per square foot of $885.01. This represents a rare chance to acquire a freestanding Walgreens in the New York City metro area with a proven track record of high sales volume, capitalizing on its strategic position within a market underserved by competing pharmacies.

    Property Features for 26 Wicks Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,393 SF
    Lot Size
    50,791 SF

    HighLights

    • 13+ years remaining on a 20‑year absolute net lease, with tenant options every five years commencing 10/31/2036.
    • 2016 construction.
    • Investment‑grade tenant: Walgreens (WBA).
    • High traffic counts: Over 31,000 VPD on Wicks Road and over 20,000 VPD on Suffolk Avenue.
    • Strong demographics: Over 125,000 residents within a 3‑mile radius, average household income exceeding $128,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy FedEx OnSite Mailing Service COVID-19 Drive-Thru Testing ... Pharmacy Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brentwood
    County
    Suffolk
    State
    New York
    Longitude
    -73.2608253
    Latitude
    40.7782752

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic Brentwood, NY pharmacy
    Where is this individual retail property located?
    The property is located at 26 Wicks Rd Brentwood, NY.
    What is the asking price?
    The asking price for this property is $12,738,000.
    What are key features of this property?
    This property features: 13+ years remaining on a 20-year absolute net lease, with tenant options every five years commencing 10/31/2036.; 2016 construction.; Investment-grade tenant: Walgreens (WBA).
    Request Owner's contact information
    26 Wicks Rd Brentwood, NY 11717
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    Brentwood, NY 11717
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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
    26 Wicks Rd Brentwood, NY 11717
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