1966-1968 Veterans Memorial Highway
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1966-1968 Veterans Memorial Highway
2 Retail Properties Offered at $8,950,000 in Islandia, NY
Investment Highlights
- Two Standalone Buildings with a total of 121 parking spaces on-site. Both could be sold together or separately.
- Lot 2(1968 Veterans Memorial Highway) is an Absolute Triple Net Leased with Walgreens, sub-leased to Dollar Tree. offering $5.950,000
- This Corner Lot is located directly at the Veterans Memorial Highway, over 500 Feet and 200 Feet on Suffolk Ave.
- Lot 1(1966) is income-producing, with 3 National Retail stores, Dunkin Donuts, T-Mobile, Healthy Meals Direct & 1 Nail Saloon Spa, offering $2,950,000
- Lot 2 Property has 70,567 Sqft,/1.62 Acre.Vast Commercial lot has a substantial development opportunity and multiple uses.Developers are invited.
- Strong Demographic- Average household income: $131,602. Average Daily Traffic: 25,000 -75,000
Executive Summary
This is an exceptionally rare opportunity to own an income-producing two lots with a significant national retail investment property and an adjacent triple net property with Walgreens subleased to Dollar Tree in the heart of Islandia, Long Island, NY. These two Retail buildings have extreme visibility, abundant frontage on Veterans Memorial Highway, and sit on the most heavily traveled artery to Islandia Village. The lot with Dollar Tree sub-leased by Walgreens, which is 70,367 SQFT/ 1.62 Acre and has a triple net Lease, can be purchased for $5,950,000, and the adjacent four Retail Store property is offered at $2950,000.This vast commercial lot has a substantial development opportunity and multiple uses. Developers are invited. Strong Demographics: Average household income: $131,602 White collar: 72.6%, Blue collar: 27.4% Family Households: 81.3% Owner-occupied Units: 96.8%. Average Daily Traffic: 25,000 to 75,000
Reach out to a Listing agent at 917-892-6187, homeforlife1@aol.com for more information.
Reach out to a Listing agent at 917-892-6187, homeforlife1@aol.com for more information.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $8,950,000 | Number of Properties | 2 |
| Price / SF | $493.77 / SF | Individually For Sale | 1 |
| Cap Rate | 6.54% | Total Building Size | 18,126 SF |
| Sale Type | Investment | Total Land Area | 2.21 AC |
| Status | Active |
| Price | $8,950,000 |
| Price / SF | $493.77 / SF |
| Cap Rate | 6.54% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 18,126 SF |
| Total Land Area | 2.21 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1966 Veterans Memorial Hwy, Islandia, NY 11749 | Retail | 4,840 SF | 2001 | - |
| 1968 Veterans Memorial Hwy, Islandia, NY 11749 | Retail | 13,286 SF | 1900 | $5,950,000 |
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1966-1968 Veterans Memorial Highway
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