PLEASE DIRECT ALL INQUIRIES TO Michael Murphy at 631.834.2626 Prime Location: Situated in the prestigious and highly sought-after area of Southampton, known for its affluent community and year-round appeal.
Renovations: $4.5 Million Capital Expenditure for modern amenities and infrastructure completed. Brand-new building! Absolutely zero renovation expenditures required for many years to come.
Strong tenant mix: Currently occupied by 14 Triple-Net (NNN) tenants, including high-end brands such as New York Pilates, Windmill Lane Bakery, Le Closet NY, and Wave Wellness.
Income Advantages: The property boasts strong income with new leases in place and extremely low operating expenses.
Incentive: The current owner is also willing to assist the buyer in filling the remaining vacancies, further enhancing the investment’s profitability.
Visibility and accessibility: Located on a highly visible corner lot with ample free municipal parking, ensuring ease of access for tenants and customers alike.
Rents will increase to over $1.4 Million before or shortly after sale.