Retail Building in Freeport

197 North Main Street, Freeport, NY

$549,000

Price

6.92%

Cap Rate

$38,004

NOI

Gallery
Street
Map
Overview
Cap Rate
6.92%
NOI
$38,004
Building Size
2,400 sqft
Lot Area
2,400 sqft
Occupancy
100%
Class
C
Lease Type
Modified Gross
Year Built
1922
Price Per Sqft
$229
Zoning
Commercial
Tenancy
Multiple
Gross Leaseable Area
2400
Investment Strategy
Value Add
Description

At this location is a fully-occupied retail building with a restaurant and a bakery as the current tenants. The restaurant just recently signed a new 5-year lease while the bakery just signed a 10-year lease. This property is located in close proximity to Sunrise Hwy and the Freeport LIRR train station.

Highlights
  • Fully-Occupied Retail Building in Freeport, NY
  • Bakery Just Signed a New 10-Year Lease
  • Restaurant Just Recently Signed a New 5-Year Lease
  • Located in Close Proximity to Sunrise Hwy and the Freeport LIRR Train Station
  • Surrounded by Other Neighborhood Retail & Amenities
Documents
Title
Freeport__197-199_N_Main_St__Offering_Memorandum__Jan24.pdf
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Location
Gallery