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Walgreens - Long Island NY
10 West Main Street, Smithtown, NY 11787
14,560 SF | Retail
Retail Property - Off Market
- Building Size:
- 14,560 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Additional Sub-types:
- Retail (Other)
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Cap Rate:
- Listing ID
- Last Updated
- 256 days ago
This corporate backed Walgreens is a prototype design built to specifications on the North Shore of Long Island in Smithtown, New York. The tenant occupies a 14,560-square foot building situated on a prime site with a drive through pharmacy. Walgreens operates under an absolute-net 75-year lease subject to zero landlord responsibilities, with the highly preferred 10 five-year option periods.
Smithtown is a highly affluent and growing city with a population of over 201,000 within five miles. Smithtown residents have a average household income of nearly $130,000 within a one-mile radius.
Part of the New York Metropolitan Area, Suffolk County is the largest of Long Island's four counties, and the second-largest of 62 in the state of New York, with 1,493,350 people as of the 2010 census.
This Class A site is located on the southeast corner of Main Street (Route 25) and Elm Road with excellent exposure and daily traffic counts exceeding 41,000 vehicles per day. Nearly all lands are heavily developed by either suburban housing communities or commercial locations with a myriad of national retailers. The very reputable Yale University is also located just 60 miles across the Long Island Sound north of Smithtown, New York.
Map of 10 West Main Street, Smithtown, NY 11787 (Suffolk County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P