1580 Route 112 | Medford, NY 11763
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- LoopNet Team
1580 Route 112
Medford, NY 11763
Walgreens Long Island Exercised Option · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens Corporation (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
- HIGH TRAFFIC AREA WITH OVER 52,683 VPD - Located on the signalized NW corner of Medford Ave (Rte 112) & Woodside Ave traffic counts exceeding 50K VPD.
- LONG ISLAND COMMUNITY HOSPITAL - Located just 2 miles, Long Island Community Hospital has 306 beds and employs ±1,500 people.
- RECENTLY EXERCISED FIRST OPTION - After 20+ years of successfully operating, Walgreens exercised its first option without rent reduction.
- AFFLUENT INFILL LONG ISLAND SUBURB - Medford is an affluent suburb in Long Island with ±178,739 residents and average HH income of $112,206 in a 5-mi
- STRATEGIC LOCATION - Walgreens is located across from a CVS which makes it a strategic location for both Walgreens and CVS.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,905 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.57 AC
Parking
70 Spaces (5.03 Spaces per 1,000 SF Leased)
Frontage
385’ on Rt-112 Rd
PROPERTY TAXES
| Parcel Number | 0200-894-00-01-00-011-002 | Improvements Assessment | $31,336 |
| Land Assessment | $5,327 | Total Assessment | $36,664 |
PROPERTY TAXES
Parcel Number
0200-894-00-01-00-011-002
Land Assessment
$5,327
Improvements Assessment
$31,336
Total Assessment
$36,664
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