*PRICE REDUCED 440 William Floyd Pky

440 William Floyd Pky , Shirley, New York, 11967 | 2,756 sq.f | $ 1,495,000

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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