Exceptional opportunity to acquire a top-performing CVS Pharmacy located at 341 Commack Road in Commack, New York. Offered at $4,650,000 at a 6.24% capitalization rate, based on net operating income of $290,277.
CVS generated approximately $33 million in store sales during 2025, placing this location among the top 1% of CVS stores nationwide. The extraordinary performance of this location prompted CVS to request a new 15-year base lease and offer a higher rent, despite its existing lease not expiring until 2041. The lease includes two additional 5-year options. Current CVS rent is $411,672, with scheduled increases of 5.7% in Year 6, 8% in Year 11 and 10% during each 5-year option period.
The offering includes combined fee and leasehold interests totaling approximately 2.1 acres, improved with a 10,880-square-foot freestanding CVS with drive-thru. Additional highlights include a signalized intersection, excellent traffic exposure, strong demographics, limited landlord responsibilities and a ground-lease extension through December 2074.