1715 Sunrise Hwy - Restaurant FOR SALE


Bay Shore, NY 11706
$6,925,000 USD
718-663-2639
1715 Sunrise Hwy, Bay Shore, NY for Sale
$6,925,000 USD
Restaurant - FOR SALE
1/3
null | 5.5% Cap Rate

1715 Sunrise Hwy
Bay Shore, NY 11706


HIGHLIGHTS

  • Ideal retail location, directly off Sunrise Highway with ~85,000 AADT.
  • Credit tenancy - Olive Garden holds an S&P Global Rating of BBB with nearly $B in annual sales.
  • Strong local demographics.

OVERVIEW

The Property is an outparcel of the South Shore Mall, a shopping mall anchored by Macy’s, James & Co., Burlington, Dick’s, JC Penny, and more. The property totals approximately 7,650 square feet and is comprised of one commercial unit. The commercial unit is currently occupied by Olive Garden, with the lease set to expire on 10/31/2029, along with three 5-year renewal options. The Property is ideally located directly off Sunrise Highway (Route 27), the primary east-west highway on southern Long Island, with an annual average daily traffic (AADT) of approximately 85,000 vehicles per day. South Shore Mall is home to a variety of notable national retailers, making this outparcel a highly desirable location. For information or to schedule a property tour, please reach out to the exclusive brokers.

FOR SALE DETAILS

PRICE

$6,925,000 USD

PRICE/SF

$904 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Garden South Shore Mall Outparcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

82.48 AC

LAND SF

3,592,727 SF

ZONING

BU3

APN/PARCEL ID

0500-316-00-02-00-015-001

ASK ABOUT THIS PROPERTY

Stephen PreussRipco Real EstateMore Info
718-663-2639

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Stephen PreussRipco Real EstateMore Info
718-663-2639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.