PRICED BELOW RECONSTRUCTION COST- 7.8% Cap

Highlights:

• RARE OPPORTUNITY on LONG ISLAND NY
• LOCATED on PRIME TOURISM / COMMUTER CORRIDOR
• BRAND NEW BUILDING RENOVATION
• STABILIZED FOOD SERVICE TENANT
• ZERO LANDLORD RESPONSIBILITIES
• ANNUAL C.P.I INCREASES / 10 + options Year Lease
• FORMER DUNKIN LOCATION

Description:

* RARE OPPORTUNITY on LONG ISLAND TO PURCHASE Q.S.R. - TRIPLE NET LEASED ASSET (NNN) * FORMER DUNKIN LOCATION *

~7.8 % CAP RATE - * AREAS BEST VALUE

PRICE REDUCED FOR QUICK CLOSERS $997,000 **

**NO MILLION PLUS TAX @ CLOSING !!!

~ 2,600 Sq. ft. Restaurant/Q.S.R. Building situated on one of LONG ISLANDS BUSIEST COMMUTER & TOURISM COORIDORS.
Location to a multitude of Nationally Branded Q.S.R. /RETAIL & FAST-FOOD establishments. Consistently high V.P.D/ Daily traffic counts on a fifteen-mile corridor that feeds directly to Long Islands SMITH POINT BEACHES & SEASONAL EVENTS.
Prime Downtown Business Generator location servicing BOTH local Residents and Seasonal visitors.
Brand new Interior & Exterior renovation in- progress, including New Kitchen; Ansul; HVAC; Flooring; Dining Areas; Roofing; Parking; Landscaping; Facade etc...
Zero (0) deferred maintenance to new Owner.
Easy access location with TWO (2) Crosswalks leading directly to Building and Full Sidewalks 24Hr. Pedestrian Traffic.
Lighted Intersection location.
Full Lighted BUILDING & PYLON Signage from (3) directions.
Unobstructed sight lines from BOTH North & South William Floyd Parkway.

*** STRONG GROWTH RATE AREA with competitive residential sales score of 89% and high transfer closings 2024


SUFFOLK COUNTY ACCOUNTS FOR OVER 56% of ALL of NYS TOURISM REVENUE !
REDUCE YOUR RISK BY SELCTING SMART COUNTY CORRIDORS!



Stabilized Food Service Tenant in place on ten + (10) year Lease.
ANNUAL C.P.I Increases
Prime Q.S.R. Long Term Asset.
Starting NOI ~$88k Annually

Documents: