440 William Floyd Pky - Restaurant FOR SALE


Shirley, NY 11967
$1,175,000 USD
631-394-0733
440 William Floyd Pky, Shirley, NY for Sale
$1,175,000 USD
Restaurant - FOR SALE
1/17
null | 6.43% Cap Rate

440 William Floyd Pky
Shirley, NY 11967


HIGHLIGHTS

  • LOCATED ONE of LONG ISLAND's BUSIEST TOURISM & COMMUTER CORRIDORS !
  • PRIME LOCATION with NATIONAL BRANDS RETAIL /Q.S.R & FAST FOOD CORRIDOR
  • DIRECT ROUTE to SMITH POINT BEACHES & EVENTS / CLOSE TO HAMPTONS
  • NEW (10) YEARS NNN LEASE - ~ 6.5% CAP RATE
  • NO DEFFERED MAINTANANCE / OVERHAUL IN-PROGRESS (EXPENSED BY TENANT)

OVERVIEW

****** RARE OPPORTUNITY on one of LONG ISLAND'S BUSIEST Q.S.R./ RETAIL COORIDORS ****** RARE LONG ISLAND TRIPLE NET LEASED ASSET (NNN) - ZERO LANDLORD RESPONSIBILITIES - Prime Q.S.R./ FOOD SERVICE Building located directly on one of LONG ISLANDS' BUSIEST COMMUTER AND TOURISM COORIDORS. - Former high performing corporate DUNKIN location - Consistently High Year Round & Seasonal V.P.D/ Traffic Counts (~13k-22k daily). - Prime 24 Hour TRAFFIC PATTERN Commercial & Commuter Business Corridor - Seasonal Traffic Increases w/ SMITH POINT BEACHES & SEASIDE EVENTS. (Over 300,000 visitors Seasonally!) - 5 Way Signalized Intersection - STABLE Food Service Tenant occupancy - William Floyd Parkway is the Prime Downtown Business Generator location servicing BOTH local Residents and Seasonal visitors in the area. - Former Dunkin space recognized by BRANDED TENANTS for its voluminous traffic patterns and direct proximity to Long Island Beaches and Tourism Destinations. -BRAND NEW BUILDING RENOVATION ZERO(0) deferred maintenance on transfer to new Owner. Prime centralized pedestrian location with two (2) CROSSWALKS leading directly to/from Building with Full Sidewalks for 24Hr. Pedestrian Traffic. - Lighted Intersection location. Direct Egress from William Floyd Pkwy - Full (Lighted) Signage (x4) on BUILDING AND ALSO LIGHTED PYLON - Unobstructed sight lines from BOTH North /South William Floyd Parkway. - Nationally Branded High Volume Market Area (Home Depot; Marshalls; Kohls; Family Dollar; Stop & Shop; CVS; ALDI; Michaels etc....) Currently Food Service Tenant with Ten (10) Years remaining on Lease. - Annual C.P.I Increases. - Strong Revenue Performer. - Priced below cost to construct NOTE: Do Not Disturb Tenants

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$426 USD /SF

CAP RATE

6.43%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LONG ISLAND QSR - PRIME COMMUTER CORRIDOR

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Commerical

APN/PARCEL ID

0200-967-00-01-00-045-000

ASK ABOUT THIS PROPERTY

Todd RomanoHampton Estates RealtyMore Info
631-394-0733

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Todd RomanoHampton Estates RealtyMore Info
631-394-0733

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