Major Retail Stores-great investment Property | 1966 Veterans Memorial Hwy
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Major Retail Stores-great investment Property 1966 Veterans Memorial Hwy
4,840 SF 100% Leased Retail Building Islandia, NY 11749 $4,181,536 CAD ($864 CAD/SF) 5.44% Cap Rate
Investment Highlights
- Retail Investment Property, Offered at $2,950,000 in the heart of Islandia, NY
- Fronts on one major road, a highway & traffic light at the Corner
- Credit Tenancy Adjacent Lot with National Retail Store Walgreens, Sub Lease to Dollar Tree
- Leased to National retail Store tenants Dunkin Donuts, T-Mobile, Healthy Food Chain Store & Fiona Nails & Spa.
- The Frontage Visibility on Veterans Memorial Highway is over 500 Feet, and on Suffolk Ave, it is over 100 Feet,
- Average Daily Traffic: 25,000 -75,000, Strong Demographics, Average household income: $131,602
Executive Summary
Introducing an exceptionally rare opportunity to own a Major Retail Investment property and an adjacent lot with Dollar Tree in the heart of Islandia, Long Island, NY.
Retail buildings have extreme visibility, abundant frontage on Veterans Memorial Highway, and sit on the most heavily traveled artery to Islandia Village. The adjacent lot with Dollar Tree, which is 70,367 SQFT and has a triple net Lease, can be purchased for $5,950,000 along with the subject property.
.Strong Demographics
Average household income: $131,602
White collar: 72.6%
Blue collar: 27.4%
Family Households: 81.3%
Owner-occupied Units: 96.8%
Reach out to a Listing agent at 917-892-6187 for more information
Retail buildings have extreme visibility, abundant frontage on Veterans Memorial Highway, and sit on the most heavily traveled artery to Islandia Village. The adjacent lot with Dollar Tree, which is 70,367 SQFT and has a triple net Lease, can be purchased for $5,950,000 along with the subject property.
.Strong Demographics
Average household income: $131,602
White collar: 72.6%
Blue collar: 27.4%
Family Households: 81.3%
Owner-occupied Units: 96.8%
Reach out to a Listing agent at 917-892-6187 for more information
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,840 SF
Building Class
C
Year Built
2001
Price
$4,181,536 CAD
Price Per SF
$864 CAD
Cap Rate
5.44%
NOI
$227,308 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.59 AC
Zoning
HC - Commercial Zoning
Parking
38 Spaces (7.85 Spaces per 1,000 SF Leased)
Frontage
200 ft on Veterans Memorial Hwy
Amenities
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Food Court
- Freeway Visibility
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0504-017-00-01-00-016-001 | Improvements Assessment | $114,248 CAD |
| Land Assessment | $35,578 CAD | Total Assessment | $149,827 CAD |
PROPERTY TAXES
Parcel Number
0504-017-00-01-00-016-001
Land Assessment
$35,578 CAD
Improvements Assessment
$114,248 CAD
Total Assessment
$149,827 CAD
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Major Retail Stores-great investment Property | 1966 Veterans Memorial Hwy
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