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Waverly Plaza 367-425 N Service Rd 6,300 - 12,600 SF of Retail Space Available in Patchogue, NY 11772
HIGHLIGHTS
- Waverly Plaza offers 12,600 square feet of flexible retail space, available with fixtures or as a white box for tenant customization in Patchogue, NY.
- Equipped with pharmacy infrastructure, loading dock, storage areas, and upgraded lighting and a cardboard compactor for operational efficiency.
- Surrounded by major retailers and services, Waverly Plaza benefits from steady consumer activity and convenient regional access via Route 27.
- Anchored by Pep Boys and Aldi and supported by Starbucks, Panera Bread, Chipotle, and many national brands, the center generates strong daily traffic.
- Positioned on a signalized intersection with unrivaled visibility to 47,000 daily vehicles, the center features dual entrances and prominent signage.
- Trade area of 500,000 residents and $7.6B in annual spending reinforces long-term demand within one of Long Island’s strongest commercial corridors.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,300-12,600 SF | 5-10 Years | $25.00 /SF/YR $2.08 /SF/MO $315,000 /YR $26,250 /MO | TBD |
1st Floor
Previously a Rite Aid
- Partially Built-Out as Standard Retail Space
- Space is in Excellent Condition
- 1 Loading Dock
- Anchor Space
- Central Air and Heating
- Security System
- High Ceilings
- Secure Storage
- Plug & Play
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
MATTERPORT 3D TOUR
SELECT TENANTS AT WAVERLY PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- ALDI
- Discount Grocer
- 3,053
- International
- Chipotle Mexican Grill
- Fast-food
- 5,260
- International
- Panera Bread
- Bakery
- 2,858
- International
- Pep Boys
- Automotive
- 1,062
- International
- Petco
- Animal Care/Groom
- 1,739
- National
- West Marine
- Sporting Goods
- 370
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| ALDI | Discount Grocer | 3,053 | International |
| Chipotle Mexican Grill | Fast-food | 5,260 | International |
| Panera Bread | Bakery | 2,858 | International |
| Pep Boys | Automotive | 1,062 | International |
| Petco | Animal Care/Groom | 1,739 | National |
| West Marine | Sporting Goods | 370 | National |
PROPERTY FACTS
| Total Space Available | 12,600 SF | Total Land Area | 9.74 AC |
| Min. Divisible | 6,300 SF | Year Built | 2000 |
| Property Type | Retail | Parking Ratio | 5.6/1,000 SF |
| Property Subtype | Storefront | Cross Streets | Waverly Ave. & Sunrise Hwy. |
| Gross Leasable Area | 86,489 SF |
| Total Space Available | 12,600 SF |
| Min. Divisible | 6,300 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 86,489 SF |
| Total Land Area | 9.74 AC |
| Year Built | 2000 |
| Parking Ratio | 5.6/1,000 SF |
| Cross Streets | Waverly Ave. & Sunrise Hwy. |
ABOUT THE PROPERTY
Waverly Plaza, located at 367-425 N Service Road, introduces a compelling opportunity to secure 12,600 square feet of retail space, which can be subdivided into two 6,300-square-foot units in Patchogue, New York. Formerly occupied by Rite Aid, the space includes existing fixtures, a pharmacy counter, checkout stations, shelving, storage, a loading dock, an office, a backroom, and a cardboard compactor. Alternatively, it can be delivered in white box condition for full flexibility. Anchored by Pep Boys and Aldi, and supported by national brands such as Starbucks, Panera Bread, Chipotle, West Marine, VisionWorks, Webster Bank, and Blinds To Go, the center fosters strong synergy and consistent foot traffic. Recent upgrades such as enhanced lighting, landscaping, security cameras, corridor seating, and future EV charging stations reinforce Waverly Plaza’s position as a modern, well-maintained retail destination poised for long-term performance. Positioned along Route 27 (Sunrise Highway), one of Long Island’s major east-west thoroughfares, Waverly Plaza benefits from unparalleled visibility at a signalized intersection with exposure to 47,000 vehicles per day. Dual entrances on Waverly Avenue and Sunrise Highway Service Road enable efficient access, while proximity to key exits connecting to Route 27 captures steady traffic. The presence of a prominent pylon and building signage further enhances tenant branding. Surrounded by established retailers, restaurants, financial services, and service-oriented businesses, the location offers everyday convenience and a dense consumer draw. Additionally, it's within 5 miles of MacArthur Airport, serviced by JetBlue, Frontier Airlines, Southwest Airlines, Breeze Airways, and more, further enhancing the area's connectivity. Set within a thriving commercial node, Waverly Plaza serves a robust trade area of over 500,000 residents within a 10-mile radius, with a median household income of $111,000 and annual consumer spending exceeding $7.6 billion. The area also benefits from a strong daytime population of 90,000 within a 5-mile radius, supporting sustained demand. The center sits within a vibrant retail cluster that features Marshalls, Ulta Beauty, Michaels, HomeGoods, Burlington, LA Fitness, and other national brands, creating a powerful ecosystem that drives cross-traffic demand. Waverly Plaza presents a rare opportunity to secure a highly visible space in a thriving, high-demand corridor, offering retailers the platform to establish a lasting presence in one of Long Island’s most active commercial hubs.
- 24 Hour Access
- Banking
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Storage Space
- Car Charging Station
- Air Conditioning
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
Presented by
Waverly Sunrise LLC
Waverly Plaza | 367-425 N Service Rd
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