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Walgreen's 863 Montauk Hwy 10,500 SF Retail Building Shirley, NY 11967 $7,350,000 ($700/SF) 6.87% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! MINT 10,000+ Sqft. Retail Building With NNN National Tenant On Montauk Hwy. For Sale!!!
- The Property Is Located In The Heart Of Shirley On Busy Montauk Hwy. Just 1 Block From William Floyd Pkwy.!!!
- The Property Has 287’ Of Frontage On Montauk Hwy. + 177’ Of Frontage On Grand Ave.!!!
- The Property Features Excellent Signage, Great Exposure, Long Term Lease, J2 Zoning, 58 Parking Spaces, High 20’ Ceilings, Sprinklers, Drive-Thru, ++!
- Neighbors Include Starbucks, The Home Depot, USPS, UPS, Stop & Shop, Ulta Beauty, Kohl’s, Marshalls, Dunkin’, Kay Jewelers, CVS, Applebee’s, +++!!!
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! MINT 10,000+ Sqft. Retail Building With NNN National Tenant On Montauk Hwy. For Sale!!! The Property Features Excellent Signage, Great Exposure, Long Term Lease, J2 Zoning, 58 Parking Spaces, High 20’ Ceilings, Sprinklers, Drive-Thru, 3 Phase Power, 2 Strategically Placed Curb Cuts, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Shirley On Busy Montauk Hwy. Just 1 Block From William Floyd Pkwy.!!! Neighbors Include Starbucks, The Home Depot, USPS, UPS, Stop & Shop, Ulta Beauty, Kohl’s, Marshalls, Dunkin’, Kay Jewelers, CVS, Applebee’s Bar & Grill, King Kullen, McDonald’s, Taco Bell, Wendy’s, Sonic, Enterprise Rent-A-Car, Aldi, Lidl, Dollar Tree, STS Tire, Jersey Mike’s Subs, Carvel, KFC, +++!!! The Property Has 287’ Of Frontage On Montauk Hwy. + 177’ Of Frontage On Grand Ave.!!! The Property Has A Daily Traffic Count Of 42,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Walgreens: $505,000 NNN Ann.; Flat Rent; Lease Exp.: 2036.
Gross Income: $505,000 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $505,000 Ann. (6.87% Cap!!!)
Income:
Walgreens: $505,000 NNN Ann.; Flat Rent; Lease Exp.: 2036.
Gross Income: $505,000 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $505,000 Ann. (6.87% Cap!!!)
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$505,000
|
$48.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$505,000
|
$48.10
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $505,000 |
| Annual Per SF | $48.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $505,000 |
| Annual Per SF | $48.10 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,500 SF
Building Class
B
Year Built
2011
Price
$7,350,000
Price Per SF
$700
Cap Rate
6.87%
NOI
$505,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.71 AC
Zoning
J2 Business - Business District
Parking
58 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Banking
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Marthas Hair Salon
- Services
- -
- -
- -
-
- Retailer
- -
- -
- -
Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Marthas Hair Salon | Services | - | - | - | ||
|
|
Retailer | - | - | - |
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $13,150 (2024) | |
| Land Assessment | $2,050 (2024) | Total Assessment | $15,200 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,050 (2024)
Improvements Assessment
$13,150 (2024)
Total Assessment
$15,200 (2024)
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Walgreen's | 863 Montauk Hwy
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