Walgreens NNN Property For Sale — Shirley, NY
863 Montauk Highway, Shirley, NY 11967
An exceptional investment opportunity awaits with this 10,000+ sqft. retail building, featuring a nationally recognized NNN tenant situated on a high-traffic section of Montauk Highway. This property boasts prominent signage, excellent visibility, and a long-term lease in place. Benefitting from J2 zoning, the site offers 58 parking spaces, impressive 20' ceilings, a sprinkler system, and a convenient drive-thru. Operational advantages include 3-phase power, two strategically positioned curb cuts, all-new LED lighting, and central air conditioning. Located in the vibrant heart of Shirley, just one block from William Floyd Parkway, the property is surrounded by major retailers and boasts 287' of frontage on Montauk Highway and 177' on Grand Avenue. With a daily traffic count exceeding 42,0…
- Address: 863 Montauk Highway, Shirley, NY 11967
- Asking price $7.35M
- 6.87% cap rate
- NOI $505,000
- 10.3 years remaining
- NNN lease
- Building size: 10,000 SF
- Lot size: 0.71 acres
- Lease expiration: Dec 31, 2036
- Rent increases: Flat Rent
- Guarantor: Corporate
Location
This Walgreens property is at 863 Montauk Highway in Shirley, New York.
Asset type: Retail