Long Island MSA Affluent Infill Demos 286 W Main St 12,400 SF Retail Building Patchogue, NY 11772 $11,045,217 CAD ($890.74 CAD/SF) 8% Cap Rate

We are pleased to market for sale the Walgreens property located at 286 W Main St, Patchogue, NY 11772 ("The Property"). Walgreens has been operating at the site for 15 years and has 10 years of firm term remaining before the option periods. Walgreens operates under an absolute triple net lease, which provides for no landlord obligations whatsoever.

Located on Long Island, the Property benefits from affluent demographics, with over 68,000 residents living within three miles and an average household income of $134,780. NYU Langone Hospital – Suffolk, located 2.5 miles east of the Property, is a 306-bed medical center that includes the renowned Knapp Cardiac Care Center, one of Long Island’s premier heart disease diagnostic and treatment facilities.

Multiple new residential developments are underway within one mile of the Property. Carriage House, a new $160 million luxury apartment project, is being constructed down the street from the property, bringing a 455,000-square-foot residential complex featuring 262 apartments to the 4.08-acre site. Additionally, The Grove, a 55-unit mixed-use, affordable, and supportive housing development is under construction just a few blocks down Main Street.

St. Joseph's University–Long Island, located one mile north of the Property, has 3,000 students and more than 400 faculty members on its 32-acre campus. Long Island MacArthur Airport, four miles north of the Property, is a regional commercial airport that serves over 1.2 million passengers annually.

Listed in conjunction with Brian Brockman, Bang Realty-New York Inc, 513-898-1551, wg@bangrealty.com, NY DRE Lic. 10311208985.