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

Broker

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