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325 Walt Whitman RdHuntington Station, NY 11746
325 Walt Whitman Road
Asset ClassRetail
Land1.69 Acres
Deal Size: $8.25 MAccess Data Room
ABSOLUTE NNN LEASED WALGREENS ADJACENT TO THE HUNTINGTON SHOPPING CENTER & WALT WHITMAN SHOPS
overview of deal

Overview

Address: 325 Walt Whitman Road, Huntington Station, NY 11746

Town: Huntington

Location: Northwest corner of Route 110 (Walt Whitman Road) and Schwab Road

Section: 232

Block: 700

Lot: 12

 

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Investment Highlights

Absolute NNN Lease: Tenant covers taxes, insurance, and all repairs and maintenance of the property including roof & structural repairs.

Credit Tenancy:

  • #2 Walgreens Boots Alliance Inc. (WBA) is a publicly-traded company with over 8,500 locations.
  • The company holds a credit rating “BB” by S&P Global Ratings with annual revenues over $145 billion.

Desirable Retail Location:

  • Huntington Shopping Center: Brand new featuring Whole Foods, REI, Just Salad, Petsmart, Ulta, and more. Located across the street.
  • Walt Whitman Shops: Home to dozens of credit retailers and restaurants. Located two minutes north.

Exposure | Frontage | Traffic:

  • 320’+ of frontage along Walt Whitman Road
  • Traffic light corner
  • ~46,170 cars pass by on a daily basis (AADT)

Strong Local Demographics:

  • Median Household Income $110.5K
  • Bachelor’s Degree or Higher 46.0%
  • Median Age 40.9
  • Persons per Household 3.02

Long Term Lease:

  • The Tenant exercised all extension options, and the lease term runs through January 31,2043.
  • The tenant has three (3) options to terminatethe lease on January 31, 2028, January 31, 2033, and January 31, 2038 with twelve (12) months prior written notice.
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325 Walt Whitman RdHuntington Station, NY 11746
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Listing provided by Revere CRE