26 Wicks Rd Brentwood, NY 11717

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.