2220 Nesconset Hwy - Restaurant FOR SALE


Stony Brook, NY 11790
$5,500,288 USD
332-345-4222
2220 Nesconset Hwy, Stony Brook, NY for Sale
$5,500,288 USD
Restaurant - FOR SALE
1/3
null | 6.25% Cap Rate

2220 Nesconset Hwy
Stony Brook, NY 11790


HIGHLIGHTS

  • Long-Term, Absolute Triple Net (NNN) Lease
  • Approximately 15 Years Remaining
  • Attractive Two Percent (2%) Annual Rental Increases

OVERVIEW

The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2220 Nesconset Hwy, Stony Brook, NY 11790. The site will consist of roughly 6,883 rentable square feet of building space on an estimated 1.70-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 12/17/2015. The annual rent will be $343,768 in August 2024 and is scheduled to increase by 2.00% annually throughout the base term and continuing through 4, 5-Year Options.

FOR SALE DETAILS

PRICE

$5,500,288 USD

PRICE/SF

$799 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

-

APN/PARCEL ID

0200-439-00-03-00-001-000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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