Property
| Ownership: | For Sale |
|---|---|
| Type: | Retail |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers amp ; End Users !
Description
Calling All Investors, Developers & End-Users!!! MINT 10,000+ Sqft. Retail Building With NNN National Tenant On Montauk Hwy. For Sale!!! The Property Features Excellent Signage, Great Exposure, Long Term Lease, J2 Zoning, 58 Parking Spaces, High 20’ Ceilings, Sprinklers, Drive-Thru, 3 Phase Power, 2 Strategically Placed Curb Cuts, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Shirley On Busy Montauk Hwy. Road Just 1 Block From William Floyd Pkwy.!!! Neighbors Include Starbucks, The Home Depot, USPS, UPS, Stop & Shop, Ulta Beauty, Kohl’s, Marshalls, Dunkin’, Kay Jewelers, CVS, Applebee’s Bar & Grill, King Kullen, McDonald’s, Taco Bell, Wendy’s, Sonic, Enterprise Rent-A-Car, Aldi, Lidl, Dollar Tree, STS Tire, Jersey Mike’s Subs, Carvel, KFC, +++!!! The Property Has 287’ Of Frontage On Montauk Hwy. + 177’ Of Frontage On Grand Ave.!!! The Property Has A Daily Traffic Count Of 42,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Walgreens: $505,000 NNN Ann.; Flat Rent; Lease Exp.: 2036.
Gross Income: $505,000 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $505,000 Ann. (6.87% Cap!!!)

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.