1968 Veterans Memorial Hwy - Freestanding FOR SALE


Islandia, NY 11749
$5,750,000 USD
917-892-6187
1968 Veterans Memorial Hwy, Islandia, NY for Sale
$5,750,000 USD
Freestanding - FOR SALE
1/17
null | 7.39% Cap Rate

1968 Veterans Memorial Hwy
Islandia, NY 11749


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 Foods & 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. It has a substantial development opportunity.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 Absolute Triple Net property with Walgreens subleased to Dollar Tree and an adjacent significant national four retail stores investment property 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. This lot with Dollar Tree sub-leased by Walgreens, having annual income over $425,000, which is 70,367 SQFT/ 1.62 Acre, can be purchased for $5,750,000, and the adjacent four retail store properties having net income of $165,301 are offered at $2,950,000.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.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

7.39%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree,NNN Retail Subleased by Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

HC

APN/PARCEL ID

0504-017-00-01-00-016-002

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.