Trophy Retail Block For Sale- Long Island, NY
$3,950,000
37 West Jericho Turnpike, Huntington Station, NY 11746
For Sale
Premium
Retail
Active
Last Updated: 12/09/2024
7.27
Cap Rate
287,340
NOI
Details:
Cap Rate: 7.27%
NOI: $287,340
Building Size: 8,248 sqft
Lot Area: 0.5 acres
Occupancy: 100%
Class: A
Units: 1
Lease Type: Absolute Net
Year Built: 1999
Zoning: C-6 Commercial
Tenancy: Single
Parking Spots: 20
Investment Strategy: Value Add
Lease Expire Year: 06/30/2029
Highlights:
- Trophy Retail Block
- Located between two roads merging into the biggest North / South artery to North Shore Huntington
- 415 feet of frontage along Jericho Turnpike with 5 curb cuts on 3 major roads with 2 traffic lights
- NNN leased to two major retail brands with ZERO landlord responsibilities
- Located 1/2 Mile North of The Shoppes at Walt Whitman, a 1.1M square foot shopping mall
- Over 30,750 cars pass the site daily
- High Demographics Nearly 174,627 people live within a 5-mile radius of the site with Median Incomes of over $147,000 annually. Annual consumer spending within that radius is about $2.8B!!
- Area Tenants Capital One Bank, Apple, Bank Of America, Staples, Best Buy, Ethan Allen, Target, Cheesecake Factory, CVS Pharmacy, Jersey Mike's Subs, Chick fil-A, 7-Eleven, Audi, Porsche, Valley Bank, Zara, Saks Fifth Avenue, Bloomingdale's, Macy's, Panera Bread, Whole Foods, and many other upscale retailers.
Description:
THIS PROPERTY IS BEING SOLD IN CONJUCTION WITH THE ADJOINING NNN CAPITAL ONE BANK BRANCH. This is literally the best retail block in Suffolk County. The property spans from Route 110 to New York Avenue along an extremely busy section of Jericho Turnpike. It is situated between 2 traffic lights, fronts on 3 major roads, and has 5 curb cuts. Both buildings have extreme visibility, abundant frontage on Jericho Turnpike, and sit on the most heavily traveled artery to Huntington Village. Both properties are NNN leased to two major retailers whom have been located at the site for over 25 and 15 years respectively. Reach out to an SRG agent for more information.
Documents:
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Huntington_Station_NY__19_W__37_W_Jericho_Tpke_OM10724.pdf
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