Chick-fil-A NNN New Ground Lease | 575 Portion Rd
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Chick-fil-A NNN New Ground Lease 575 Portion Rd
4,843 SF Retail Building Ronkonkoma, NY 11779 $5,113,636 ($1,056/SF) 4.40% Cap Rate
Executive Summary
* Chick-fil-A – Corporate guaranteed lease from best-in-class tenant.
* Corporate Chick-fil-A NNN Ground Lease of 20 years (plus 8 five-yr options) with structured base rent escalations beginning in year 1 of
10% every 5 years.
* Zero landlord responsibilities - an ideal, management free investment opportunity for a passive investor.
* NYC MSA Trophy Acquisition - Rare opportunity to acquire a Long Island Chick-fil-A NNN Ground Lease, equipped with a dual-lane drive-
thru.
* Optimally positioned between a ShopRite and a Stop & Shop supermarket with a Regal 9-screen multiplex movie theatre and a full
complement of excellent co-anchors driving consumer traffic to the shopping center.
* Strong location with excellent visibility and a traffic count of 22k VPD directly in front of the property.
* Desirable area demographics; 3 mile ring of 97k people with avg HH inc of $150k+. Located in the middle of one of NYS largest school
districts and just 1.5 miles to Sachem North High School.
* Access to the center is provided through 4 traffic light-controlled entrances. The Long Island Expressway Exit 60 is only 1.5 miles south.
* Corporate Chick-fil-A NNN Ground Lease of 20 years (plus 8 five-yr options) with structured base rent escalations beginning in year 1 of
10% every 5 years.
* Zero landlord responsibilities - an ideal, management free investment opportunity for a passive investor.
* NYC MSA Trophy Acquisition - Rare opportunity to acquire a Long Island Chick-fil-A NNN Ground Lease, equipped with a dual-lane drive-
thru.
* Optimally positioned between a ShopRite and a Stop & Shop supermarket with a Regal 9-screen multiplex movie theatre and a full
complement of excellent co-anchors driving consumer traffic to the shopping center.
* Strong location with excellent visibility and a traffic count of 22k VPD directly in front of the property.
* Desirable area demographics; 3 mile ring of 97k people with avg HH inc of $150k+. Located in the middle of one of NYS largest school
districts and just 1.5 miles to Sachem North High School.
* Access to the center is provided through 4 traffic light-controlled entrances. The Long Island Expressway Exit 60 is only 1.5 miles south.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,843 SF
Building Class
C
Year Built
1950
Price
$5,113,636
Price Per SF
$1,056
Cap Rate
4.40%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.16 AC
Zoning
J2 - Business District
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0200-649-00-01-00-002-003 | Improvements Assessment | $77,500 |
| Land Assessment | $12,500 | Total Assessment | $90,000 |
PROPERTY TAXES
Parcel Number
0200-649-00-01-00-002-003
Land Assessment
$12,500
Improvements Assessment
$77,500
Total Assessment
$90,000
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Chick-fil-A NNN New Ground Lease | 575 Portion Rd
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