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Drug Store

Walgreens | Long Island Real Estate | Recent 12 Yr Extension

275 Broadway, Amityville, NY 11701

Listing Price: $6,000,000

Cap Rate
6.33%
Tenant Name
Walgreens
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
15,120
Lease Type
Double Net
Rent Per Square Feet
$25.13

Investment Overview

The property sits on a spacious 2.66-acre parcel with 100 parking spots and a 15,000-square-foot building equipped with a drive-thru pickup window, enhancing convenience for customers. The property is also located at two signalized intersections with great visibility and accessibility.

Investment Highlights

  • Walgreens recently extended its lease by another 12 years, with five additional 5-year renewal options, ensuring long-term stability for investors. Currently, there are 11+ years remaining on the leas
  • Reported sales have increased 18.8% year over year. Placer.Ai ranks this location in the top 35% on a National Level compared to other Walgreens locations.
  • Strategically positioned on the South Shore of Long Island, Jones Beach Island (6 million annual visitors) and Fire Island (2.2 million annual visitors)
  • Operating successfully since 2001, this Walgreens has solidified its presence in Amityville, showcasing both its success and the community's recognition of the location, fostering stability and trust.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Drug Store

Walgreens | Long Island Real Estate | Recent 12 Yr Extension

Listing Price: $6,000,000

Cap Rate
6.33%
Tenant Name
Walgreens
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
15,120
Lease Type
Double Net
Rent Per Square Feet
$25.13

Investment Highlights

  • Walgreens recently extended its lease by another 12 years, with five additional 5-year renewal options, ensuring long-term stability for investors. Currently, there are 11+ years remaining on the leas
  • Reported sales have increased 18.8% year over year. Placer.Ai ranks this location in the top 35% on a National Level compared to other Walgreens locations.
  • Strategically positioned on the South Shore of Long Island, Jones Beach Island (6 million annual visitors) and Fire Island (2.2 million annual visitors)
  • Operating successfully since 2001, this Walgreens has solidified its presence in Amityville, showcasing both its success and the community's recognition of the location, fostering stability and trust.

Investment Overview

The property sits on a spacious 2.66-acre parcel with 100 parking spots and a 15,000-square-foot building equipped with a drive-thru pickup window, enhancing convenience for customers. The property is also located at two signalized intersections with great visibility and accessibility.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

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