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Walgreens 26 Wicks Rd 14,393 SF Retail Building Brentwood, NY 11717 $17,421,507 CAD ($1,210.42 CAD/SF) 5% Cap Rate
Executive Summary
Boston Real Estate Advisors is pleased to present this exclusive opportunity to purchase a net-leased Walgreens property located at 26 Wicks Road in Brentwood, New York (the “Property”). There is over 13 years remaining on the initial 20 year lease term. Tenant may terminate the lease every five years as of 10/31/2036 with twelve months notice.
This is an extremely rare opportunity for an investor to acquire a freestanding, long-term NNN Walgreens in the New York City metro area. This Walgreens store is located in a highly visible hard corner of Wicks Road (31,600 cars per day) and Suffolk Avenue (20,500 cars per day). The store opened for business in November 2016. This Walgreens has high sales volumes at this location, as it fills a “hole” in the market, as the closest CVS is 2.5 miles away, and the closest Walgreens is 4.5 miles away.
INVESTMENT HIGHLIGHTS:
This is an extremely rare opportunity for an investor to acquire a freestanding, long-term NNN Walgreens in the New York City metro area. This Walgreens store is located in a highly visible hard corner of Wicks Road (31,600 cars per day) and Suffolk Avenue (20,500 cars per day). The store opened for business in November 2016. This Walgreens has high sales volumes at this location, as it fills a “hole” in the market, as the closest CVS is 2.5 miles away, and the closest Walgreens is 4.5 miles away.
INVESTMENT HIGHLIGHTS:
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,393 SF
Building Class
B
Year Built
2016
Price
$17,421,507 CAD
Price Per SF
$1,210.42 CAD
Cap Rate
5%
NOI
$871,011 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.16 AC
Zoning
BUS1 - Commercial
Amenities
- Signage
- Drive Thru
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 2
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Walgreens | 26 Wicks Rd
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