Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Lot Size: | 0.3 Acres |
Financials
Listing Courtesy of Compass Greater NY LLC
NNN Investment Sale 8 CAP Sale Leaseback Which is the Highest on the Entire East End.
Description
NNN Investment Sale - 8 CAP Sale-Leaseback Which is the Highest on the Entire East End. Institutional-Grade Credit Tenant in a Key Riverhead Opportunity Zone.
Best-in-Class NNN Yield With Credit Tenancy – This 26,235sf office building offers a stabilized sale-leaseback with a credit tenant in place under a new 10-year NNN lease, delivering an approximate 8 CAP - a yield profile that is exceptionally rare across the East End. The tenancy is stable and self-servicing, creating a true hands-off ownership opportunity with landlord responsibilities minimized by full NNN expense coverage. Currently single-tenant, the building also presents long-term flexibility to convert to multi-tenant if desired thanks to two separate tax parcels. Expanded twice over time,
the structure provides a vast and differentiated layout: the first floor and two second-floor wings include private offices, conference rooms, kitchens, waiting areas, foyers, and open workspaces, while a full egress basement supports additional office/storage, archives, mechanicals, and a kitchen.
Durable Building Infrastructure Supporting Long-Term Occupancy – An architecturally distinctive asset that blends historic character with modern systems, including elevator access, sprinklers, and preventative maintenance - supporting tenant retention and institutional-grade functionality.
Downtown Riverhead Location With Civic Anchors – Positioned in the heart of Riverhead’s historic downtown on 0.32 acres, directly across from Town Hall, one block from Main Street, and half a block from the Suffolk County Supreme Court. The setting reinforces long-term relevance and supports future upside as the downtown corridor continues to evolve.
Opportunity Zone Upside – Located within Riverhead’s designated Opportunity Zone - providing potential tax-advantaged considerations and appreciation leverage tied to ongoing revitalization and investment activity.
Scarce East End Investment Format With Liquidity Appeal – A long-term NNN sale-leaseback at an approximate 8 CAP is virtually unmatched in the Hamptons/East End investment landscape, making this offering especially compelling for 1031 exchange buyers, passive investors, and groups seeking predictable income with minimal management burden.
Amenities
- Bathrooms
- Built-in Features
- Cable Connected
- Dishwasher
- Electricity Connected
- High Speed Internet
- Lobby
- Natural Gas Connected
- Oven
- Phone Connected
- Refrigerator
- Sewer Connected
- Shades/Blinds
- Signage Included
- Storage
- Water Connected

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.