Pep Boys NN 222 E Montauk Hwy
5,000 SF Retail Building Lindenhurst, NY 11757 $2,100,000 ($420/SF)
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INVESTMENT HIGHLIGHTS
- This 5,000 square foot property is situated on 0.52 acres on the highly coveted retail corridor
- NN lease, currently in the first of three 5-year options, features minimal landlord responsibilities and attractive rental increases every 5 years
- Located at 222 Montauk Hwy, Lindenhurst, on the bustling Montauk Highway, this site benefits from high visibility and traffic (25,000 VPD)
- 5-mile population of over 234K and an average household income of $138K+
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present an exceptional investment opportunity with Pep Boys, a trusted name in automotive maintenance and repair since 1921. This 5,000 square foot property is situated on 0.52 acres on the highly coveted retail corridor. Located at 222 Montauk Hwy, Lindenhurst, on the bustling Montauk Highway, this site benefits from high visibility and traffic (25,000 VPD). The NN lease, currently in the first of three 5-year options, features minimal landlord responsibilities and attractive rental increases every 5 years, ensuring growing returns. With a 5-mile population of over 234K and an average household income of $138K+, this location promises phenomenal demographics and a lucrative investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,000 SF
Building Class
B
Year Built
1920
Price
$2,100,000
Price Per SF
$420
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.52 AC
Parking
16 Spaces (3.2 Spaces per 1,000 SF Leased)
Frontage
300 FT on Montauk Highway
AMENITIES
- Signage
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 0103-019-00-05-00-057-000 | Improvements Assessment | $2,640 |
Land Assessment | $3,340 | Total Assessment | $5,980 |