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| Price $4,800,000 | Built/Renov 1997 | Tenant CVS Pharmacy |
| Cap Rate 5.11% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
10,125
| Lease Start
07-17-1997
| #Units
9,395
|
| Price/SF $474.07 | Expiration
01-31-2029
| Tenant Type Pharmacy |
| NOI $245,469 | R. Term 4.2 | Ownership Fee Simple |
| Rent/SF
$24.24
| Increases 8.0%/1/yrs | Pop 5Mi 199,911 |
| Lot/AC 1.40 | Options 2/5yrs/8% | AHHI 5Mi $108,289 |
| | |
CVS is strategically located along Terry Road which sees over 14,600 vehicles passing by daily. The subject property is directly off Smithtown Bypass (52,000 VPD) and near several national/credit tenants including Chase Bank, 7-Eleven, Walgreens, Dunkin’ Donuts, Taco Bell and more. The 5-mile trade area is supported by a dense population of more than 199,000 residents earning an affluent...
...In location for years
High traffic 50M+ VPD
Strategically located
Dense 200M+ pop 5 mi
Affluent AHHI $100K 5 Mi
Long operation history
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,966 | 73,774 | 208,501 |
| 2023 Total Population : | 9,101 | 74,534 | 209,330 |
| 2023 Employed Civilian Pop : | 4,749 | 38,008 | 106,538 |
| 2023 Total Businesses : | 788 | 3,460 | 9,347 |
| 2023 Average Household Income : | $ 186,527 | $ 181,338 | $ 168,679 |
| 2023 Total Consumer Spending : | $ 490 M | $ 3952 M | $ 9588 M |
| 2023 Median Age : | 46 | 45 | 41 |
| 2023 Total Households : | 3,153 | 26,123 | 68,008 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,757 | 15,101 | 35,411 |
| 2023 Average Home Value : | $ 605,662 | $ 610,007 | $ 584,582 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Terry Rd | Larsen Ave | 2017 | 9,478 | 0.06 mi |
| Terry Road | Elizabeth Ave | 2021 | 9,327 | 0.08 mi |
| Smithtown Byp | Hallock Ave | 2014 | 52,374 | 0.22 mi |
| Terry Rd | John Jones Ln | 2014 | 10,100 | 0.28 mi |
| Fairview St | 2021 | 60 | 0.31 mi | |
| Middle Country Road | Fifty Acre Rd S | 2021 | 18,069 | 0.39 mi |
| Highway Pl | Smithtown Byp | 2014 | 43,541 | 0.48 mi |
| Smithtown Byp | Helen Ave | 2010 | 52,776 | 0.65 mi |
| Southern Boulevard | Neslo Dr | 2021 | 4,145 | 0.72 mi |
| Smithtown Blvd | 2021 | 117 | 0.74 mi |
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Irvington, NJ
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Canfield, OH
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Size/SF 14,200
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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