About This Restaurant
Investment Highlights
LOCATED ONE of LONG ISLAND's BUSIEST TOURISM & COMMUTER CORRIDORS ! DIRECT ROUTE to SMITH POINT BEACHES & EVENTS / CLOSE TO HAMPTONS NO DEFFERED MAINTANANCE / OVERHAUL IN-PROGRESS (EXPENSED BY TENANT) PRIME LOCATION with NATIONAL BRANDS RETAIL /Q.S.R & FAST FOOD CORRIDOR NEW (10) YEARS NNN LEASE - ~ 6% CAP RATE
Executive Summary
**************** RARE PURCHASE OPPORTUNITY on LONG ISLAND'S FINEST Q.S.R. COORIDORS *************** INVESTMENT GRADE OPPORTUNITY - RARE TRIPLE NET LEASED ASSET (NNN) - ZERO LANDLORD RESPONSIBILITIES - Prime Q.S.R./ FOOD SERVICE Building located directly on one of LONG ISLANDS' BUSIEST COMMUTER AND TOURISM COORIDORS.- Former corporate DUNKIN location !- Consistently High Year Round & Seasonal V.P.D/ Traffic Counts (~9k-22k daily). - Prime 24 Hour Commercial & Commuter Business Corridor- Added Value of corridor leading to SMITH POINT BEACHES & SEASIDE EVENTS. (Over 300,000 visitors Seasonally!)- Stabilized Food Service Tenant in place- William Floyd Parkway is the Prime Downtown Business Generator location servicing BOTH local Residents and Seasonal visitors in the area.- Nationally recognized by BRANDED TENANTS for its voluminous traffic patterns and direct proximity to Long Island Beaches and Tourism Destinations.-BRAND NEW BUILDING RENOVATION IN PROGRESS - new full building Interior & Exterior renovation: Kitchen; Ansul; HVAC; Flooring; Dining Areas; Roofing; Parking; Landscaping; Facade' etc.. ZERO(0) deferred maintenance on transfer to new Owner. Prime centralized pedestrian location with two (2) CROSSWALKS leading directly to/from Building with Full Sidewalks for 24Hr. Pedestrian Traffic. - Lighted Intersection location. Direct Egress from William Floyd Pkwy- Full (Lighted) Signage on BUILDING AND PYLON !!!- Unobstructed sight lines from BOTH North /South William Floyd Parkway. - Nationally Branded High Volume Market Area (Home Depot; Marshalls; Kohls; Family Dollar; Stop & Shop; CVS; ALDI; Michaels ect....) Currently Food Service Tenant with Ten (10) Years remaining on Lease. - Annual C.P.I Increases. - Strong Revenue Performer.- Offered at ~6% CAP Rate CALL FOR DETAILS - DND Tenants
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Freestanding General Retail Supermarket Restaurant
- Building Size 2,756
- Building Class C
- Year Built/Renovated 1971/2024
- Price 1,495,000
- Price Per SF 542
- Cap Rate 5.86
- NOI 87,672
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.23
- Land Acres 0.28 AC
Amenities
- Corner Lot
- Courtyard
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Accent Lighting
Property Taxes
Parcel Number | 0200-967-00-01-00-045-000 | Improvements Assessment | $400 |
Land Assessment | $3,600 | Total Assessment | $4,000 |
Date Created: | 2024-07-16 04:18:00 | Last Updated: | 2024-07-16 04:18:00 |
Address: | 440 William Floyd Pky , Shirley, New York, 11967 |