Project Description

East Northport, NY – NNN Rite Aid Pharmacy Building For Sale



Property Highlights:

Price: $7,925,000
Building Size: 10,908 SF
Property Type: Retail
Lot Size: 1.28 Acres
Year Built: 2003
577 Larkfield Road
East Northport, NY 11731

Property Highlights

  • Tenant Since 2003
  • Absolute NNN Lease – No LandlordResponsibilities
  • Features a Drive-Thru Pharmacy Pick up
  • Corporately Guaranteed by Rite Aid
  • Lease Expires 2029 With (5) 5-Year RenewalOptions
  • Surrounded by Many Neighborhood Amenities

Property Summary

American Investment Properties is selling the NNN Rite Aid Pharmacy building. This property is located on 577 Larkfield Rd, in East Northport,NY.

The lease is corporately guaranteed by Rite Aid Corporation. Tenant pays all taxes, insurance, and other expenses. The landlord has no responsibilities.

Rite Aid has been at this location since 2003. There are 9 more years remaining on the lease with (5) 5 Year renewals options.

This location is great as it’s surrounded by many neighborhood amenities including banks, shopping centers, restaurants, urgent care, and more.

Location Summary

East Northport is located in Suffolk County on Long Island, New York. It resides in the Township of Huntington.

As of the 2010 census, there were 20,217 people, 6,937 households, and 5,586 families residing in this area. The median household income is 103,545 and the median income for a family was $112,011.

The property is surrounded by multiple single family homes and retailers within proximity include Citibank, Home Depot, Sears, Trader Joes Market, Marshalls, Stop & Shop, Lane Bryant, Panera Bread, Washington Mutual, Chili’s, Subway and Burger King.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
(O) 516.393.2300 x202
(F) 516.390.5780

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