350 Sunrise Hwy
5,484 SF 100% Leased Retail Building West Babylon, NY 11704 $1,375,000 ($251/SF) 6.55% Cap Rate
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INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 5,400+ Sqft. Free Standing Building On A 12,150 Sqft. Lot On Sunrise Hwy. For Sale!!!
- The Property Is Located In The Heart Of West Babylon Situated In Between The Route 109 & Route 231!!!
- Neighbors Include Subaru, The Home Depot, P.C. Richard & Son, U-Haul, Public Storage, Lowe’s Home Improvement, Stop & Shop, 7-Eleven, Dunkin’, +++!!!
- The Property Features Excellent Signage, Great Exposure, High 12’ Ceilings, 28 Parking Spaces In A Private Lot, 460 Zoning, 3 Phase Power, CAC, +++!!
- The Property Has 74’ Of Frontage On Busy Sunrise Highway & Has A Daily Traffic Count Of 76,000+ Vehicles Per Day!!!
- This Property Offers HUGE UPSIDE Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 5,400+ Sqft. Free Standing Building On A 12,150 Sqft. Lot On Sunrise Hwy. For Sale!!! The Property Features Excellent Signage, Great Exposure, High 12’ Ceilings, 28 Parking Spaces In A Private Lot, 460 Zoning, 3 Phase Power, 2 Strategically Placed Curb Cuts, Accessible Parking & Bathrooms, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of West Babylon Situated In Between The Route 109 & Route 231!!! The Property Has 74’ Of Frontage On Busy Sunrise Highway!!! The Property Has A Daily Traffic Count Of 76,000+ Vehicles Per Day!!! Neighbors Include Subaru, The Home Depot, P.C. Richard & Son, U-Haul, Public Storage, Lowe’s Home Improvement, Stop & Shop, 7-Eleven, Dunkin’, McDonald’s, Firestone, Mavis Discount Tire, Pep Boys, Outback Steakhouse, Applebee’s Bar & Grill, Taco Bell, Dollar Tree, Orangetheory Fitness, Lidl, +++!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Ash Hot Yoga: $120,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2027; Tenant Has Option(s) To Extend Up To Another 10 Years.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Insurance: $2,810 Ann.
Snow & Landscape: $600 Ann.
Water: $0 Ann.
Sewer: $0 Ann.
Trash; $0 Ann.
Taxes: $26,500 Ann.
Total Expenses: $29,910 Ann.
Net Operating Income (NOI): $90,090 Ann. (6.55% Cap!!!)
Income:
Ash Hot Yoga: $120,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2027; Tenant Has Option(s) To Extend Up To Another 10 Years.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Insurance: $2,810 Ann.
Snow & Landscape: $600 Ann.
Water: $0 Ann.
Sewer: $0 Ann.
Trash; $0 Ann.
Taxes: $26,500 Ann.
Total Expenses: $29,910 Ann.
Net Operating Income (NOI): $90,090 Ann. (6.55% Cap!!!)
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$120,000
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$21.88
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$120,000
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$21.88
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Taxes |
$26,500
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$4.83
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Operating Expenses |
$3,410
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$0.62
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Total Expenses |
$29,910
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$5.45
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Net Operating Income |
$90,090
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$16.43
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PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,484 SF
Building Class
C
Year Built
1950
Price
$1,375,000
Price Per SF
$251
Cap Rate
6.55%
NOI
$90,090
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.45
Lot Size
0.28 AC
Zoning
EB (460)
Parking
28 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
74 FT on Sunrise Hwy
AMENITIES
- 24 Hour Access
- Fenced Lot
- Freeway Visibility
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Ash Hot Yoga Babylon
- Services
- -
- -
- -
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
Ash Hot Yoga Babylon | Services | - | - | - |
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 0100-156-00-04-00-004-000 | Total Assessment | $7,280 (2023) |
Land Assessment | $2,190 (2023) | Annual Taxes | $26,500 ($4.83/SF) |
Improvements Assessment | $5,090 (2023) | Tax Year | 2024 |