341 Commack Rd - Drug Store FOR SALE


Commack, NY 11725
$4,650,000 USD
631-751-4300
341 Commack Rd, Commack, NY for Sale
$4,650,000 USD
Drug Store - FOR SALE
1/4
null | 6.24% Cap Rate

341 Commack Rd
Commack, NY 11725


HIGHLIGHTS

  • Extraordinarily high sales volume CVS -top 1%
  • located on busy corridor, on oversized corner lot with traffic light
  • Avg hh income in excess of $162,000

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$427 USD /SF

CAP RATE

6.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C6

APN/PARCEL ID

0400-225-00-02-00-061-000,0400-225-00-02-00-062-000

ASK ABOUT THIS PROPERTY

John ChiaramonteSelect Investment PropertiesMore Info
631-751-4300

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John ChiaramonteSelect Investment PropertiesMore Info
631-751-4300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.