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1580 Route 112
Medford, NY 11763

Price Upon Request

Drugstore For Sale  •  13,095 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 13,095 SF
  • Lot Size 2.57 AC
  • Building Class B
  • Year Built 1999
  • Tenancy Single
0 Transit Score
53 Walk Score

Highlights

STABLE INCOME - Income guaranteed by Walgreens Corporation (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
RECENTLY EXERCISED FIRST OPTION - After 20+ years of successfully operating, Walgreens exercised its first option without rent reduction.
HIGH TRAFFIC AREA WITH OVER 52,683 VPD - Located on the signalized NW corner of Medford Ave (Rte 112) and Woodside Ave traffic counts of 52,683 VPD.
AFFLUENT INFILL LONG ISLAND SUBURB - Affluent suburb in Long Island with ±178,739 residents and average HH income of $112,206 in a 5-mi radius.
LONG ISLAND COMMUNITY HOSPITAL - Located just 2 miles, Long Island Community Hospital has 306 beds and employs ±1,500 people.
STRATEGIC LOCATION - Walgreens is located across from a CVS which makes it a strategic market share location for both Walgreens and CVS.

Financial Summary (Actual)

Net Operating Income: $383,000 USD (2019)

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 13,095 SF 12/31/2024

Public Transportation

Commuter RailDriveWalkDistance
Medford Station (Greenport Branch - Long Island Rail Road) 4 min - 1.6 mi
Patchogue Station (Montauk Branch - Long Island Rail Road) 7 min - 2.8 mi
AirportDriveWalkDistance
Long Island MacArthur 14 min - 7.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes