About This Restaurant
Investment Highlights
Long term stable tenancy Population over 74,300, and average HH income of $199,500 within a 3 mile radius of the property provides excellent area demographics 100% occupied, and anchor tenant (Rockwell's) lease began in 2008 and continues thru 2039
Executive Summary
Long-term stable tenancy3 minutes from the Smithtown LIRR StationAnchor tenant (Rockwell's) lease began in 2008 and continues through 2039.Recently installed LED cost-efficient lighting.Excellent area demographics.
Property Details
- Sale Type Investment
- Sale Condition High Vacancy Property
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Freestanding
- Building Size 9,100
- Building Class B
- Year Built 1980
- Price 4,100,000
- Price Per SF 451
- Cap Rate 6.51
- NOI 266,859
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.13
- Land Acres 1.67 AC
Amenities
- Pylon Sign
- Restaurant
- Accent Lighting
Nearby Amenities & Transportation
| Retail | The Greene Turtle Sports Bar& Grille | ||
| Retail | Chase Bank | ||
| Retail | Flagstar | ||
| Retail | TD Bank | ||
| Retail | TD Ameritrade | ||
| Retail | Bank of America | ||
| Retail | Apple Bank | ||
| Retail | Orangetheory Fitness | ||
| Retail | Citi | ||
| Retail | The Fresh Market |
Property Taxes
| Parcel Number | 0800-106-00-02-00-006-000 | Improvements Assessment | $3,720 |
| Land Assessment | $11,280 | Total Assessment | $15,000 |
| Date Created: | 2024-07-16 04:18:00 | Last Updated: | 2024-07-16 04:18:00 |
| Address: | 60 Terry Rd , Smithtown, New York, 11787 | ||