Walgreens
984 New York Ave
Huntington Station, NY (Long Island)
Price: $6,667,000Cap Rate: 6%Building SF: 13,905Lot Size: 1.98 acresYear Built: 1997Status: Available

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Investment Highlights: 

 

Investment Grade Tenant – Lease is guaranteed by Walgreen Co. (S&P BBB)

Growing Store Sales– This Walgreens reports sales well over the national average with upward trending sales

Irreplaceable Asset– As of 2008, 94% of the develop-able land in Long Island has been developed.

Supurb Demographics- Within a five mile radius there are approximately 155,000 people with an average household income of $142,000

Strong Demand for Retail – Both Suffolk County and Long Island have seen steady increases in retail asking rents as well as a low vacancy rate

No Competition- This is the only Walgreens in Huntington Station, with the closest Walgreens being 6 miles away.

 

 

 


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977