Investment Highlights
Recently Extended 5 Year Absolute Triple Net (NNN) Lease
Attractive Two and a Half Percent (2.5%) Annual Rental Increases Beginning in August 2025
Approximately 4.5 Years Remaining
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Friendly?s located at 201 Hallock Road in Stony Brook, New York. The site consists of roughly 3,102 rentable square feet of building space on estimated 1.3-acre parcel of land. This investment opportunity features a recently extended five (5) year lease, which commenced in July 2023. The current annual rent is $160,500 and is scheduled to increase by 2.5% annually beginning 8/1/2025 throughout the base term and in each of the 2, 5-year renewal options. *The second option period is subject to a fair market value adjustment in the first year of the option term.
