Red Lobster | 2220 Nesconset Hwy
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Red Lobster 2220 Nesconset Hwy
6,883 SF Retail Building Stony Brook, NY 11790 $7,956,166 CAD ($1,156 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, Absolute Triple Net (NNN) Lease
- Attractive Two Percent (2%) Annual Rental Increases
- Approximately 15 Years Remaining
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,883 SF
Building Class
C
Year Built
1976
Price
$7,956,166 CAD
Price Per SF
$1,156 CAD
Cap Rate
6.25%
NOI
$497,260 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.70 AC
Frontage
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 6,883 SF
- Retail
- Outparcel
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,883 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 6,883 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0200-439-00-03-00-001-000 | Improvements Assessment | $14,892 CAD |
| Land Assessment | $2,837 CAD | Total Assessment | $17,729 CAD |
PROPERTY TAXES
Parcel Number
0200-439-00-03-00-001-000
Land Assessment
$2,837 CAD
Improvements Assessment
$14,892 CAD
Total Assessment
$17,729 CAD
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Red Lobster | 2220 Nesconset Hwy
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