741 Montauk Hwy - Service Station FOR SALE


Shirley, NY 11967
$2,475,000 USD
212-660-7775
741 Montauk Hwy, Shirley, NY for Sale
$2,475,000 USD
Service Station - FOR SALE
1/3
null | 5.33% Cap Rate

741 Montauk Hwy
Shirley, NY 11967


OVERVIEW

Cushman & Wakefield is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of the gas station property 741 Montauk Highway. Located in Shirley, Long Island, 741 Montauk Highway is a 25,700 square foot lot improved by a 1,607 square foot retail and auto repair building. The property is currently occupied by BP Products North America on a NNN basis with 9 years remaining on the current lease. BP Products North America has three (3) 5-year extension options and the r ent increases 10% every 5-years. The subject property is within a 3-minut e drive away from stores such as Chipotle, Taco Bell, Pizza Hut, Kohl’s, CVS, Burger King, McDonald’s and many more. It is also accessible via Sunrise Highway and the William Floyd Parkway. With its incredible location, 741 Montauk Highway provides an amazing opportunity for an investor to acquire a fully leased gas station in a great neighborhood.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$1,540 USD /SF

CAP RATE

5.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

J Business 5

APN/PARCEL ID

0200-850-00-04-00-023-001

ASK ABOUT THIS PROPERTY

Jon SquiresCushman & WakefieldMore Info
212-660-7775

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Jon SquiresCushman & WakefieldMore Info
212-660-7775

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