1966-1968 Veterans Memorial Highway Retail FOR SALE


Islandia, NY
$8,750,000 USD
917-892-6187
, Islandia, NY for Sale
$8,750,000 USD
Retail - FOR SALE
1/31
null | 6.75% Cap Rate

1966-1968 Veterans Memorial Highway
Islandia, NY


HIGHLIGHTS

  • Two Standalone Buildings with a total of 121 parking spaces on-site. Both could be sold together or separately.
  • Lot 1(1966) is income-producing, with 3 National Retail stores, Dunkin Donuts, T-Mobile, Healthy Meals Direct & 1 Nail Saloon Spa, offering $2,950,000
  • Lot 2(1968 Veterans Memorial Highway) is an Absolute Triple Net Leased with Walgreens, sub-leased to Dollar Tree. offering $5.750,000
  • Lot 2 Property has 70,567 Sqft,/1.62 Acre.Vast Commercial lot has a substantial development opportunity and multiple uses.Developers are invited.
  • This Corner Lot is located directly at the Veterans Memorial Highway, over 500 Feet and 200 Feet on Suffolk Ave.
  • Strong Demographic- Average household income: $131,602. Average Daily Traffic: 25,000 -75,000

OVERVIEW

This is an exceptionally rare opportunity to own an income-producing two lots with a significant national retail investment property and an adjacent triple net property with Walgreens subleased to Dollar Tree in the heart of Islandia, Long Island, NY. These two Retail buildings have extreme visibility, abundant frontage on Veterans Memorial Highway, and sit on the most heavily traveled artery to Islandia Village. The lot with Dollar Tree sub-leased by Walgreens, which is 70,367 SQFT/ 1.62 Acre and has a triple net Lease, can be purchased for $5,750,000, and the adjacent four Retail Store property is offered at $2950,000.This vast commercial lot has a substantial development opportunity and multiple uses. Developers are invited. Strong Demographics: Average household income: $131,602 White collar: 72.6%, Blue collar: 27.4% Family Households: 81.3% Owner-occupied Units: 96.8%. Average Daily Traffic: 25,000 to 75,000 Reach out to a Listing agent at 917-892-6187, homeforlife1@aol.com for more information.

ASK ABOUT THIS PROPERTY

Ehsanur RahmanCentury 21 Milestone RealtyMore Info
917-892-6187

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Ehsanur RahmanCentury 21 Milestone RealtyMore Info
917-892-6187

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