NNN CVS Pharmacy in Smithtown, NY
Smithtown, NY
Overview
- Price $4,091,166
- Building Size 10,125 SF
- Property Type Retail
- Lot Size 1.40 Acres
- Year Built 1997
- Cap Rate 6.00%
- NOI $245,470
- Location 111 Terry Rd, Smithtown, NY 11787
Corporately guaranteed CVS Health lease with 27 continuous years of operation at this location — a rare investment-grade NNN pharmacy asset. Built-in 8.0% rent steps at each 5-year option, dense high-income trade area ($147,853 median HH income within 1 mile), and a sub-$4.1M basis for an accessible corporate-guaranteed 1031 exchange. Absolute NNN — zero landlord responsibilities, pure passive income.
For Sale: NNN CVS Pharmacy in Smithtown, NY – Corporately Guaranteed
Lease Began in 1997 and Expires in 2029 with (2) 5-Year Options to Extend
On-Site Parking with Approx. 90 Spaces
Situated Between the Smithtown Bypass and Middle Country Rd
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