This Retail Property is no longer advertised on LoopNet.com.

78 Carleton Ave
Central Islip, NY 11722

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
2,416 SF
Building Class
C
Year Built
1960
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.69 AC
Zoning
BD
Parking
49 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
63 FT on Carleton Ave

Amenities

  • Dedicated Turn Lane
  • Signage
  • Drive Thru

About 78 Carleton Ave , Central Islip, NY 11722

Stan Johnson Company, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire 78 Carleton Avenue in Islip, New York - a Citibank branch located within the New York Metropolitan area of Long Island in Suffolk County. This Citibank branch has a total NOI of $75,198.63 and a primary lease term of five-plus years remaining. The lease calls for annual rent increases on May 1 based upon the U.S. City Average CPI index (CPI-U), capped at 3% per annum. The first renewal option for this location is at fair market value (FMV) with the location operating significantly below current market rents. This freestanding, single-tenant bank branch has been in operation for over 25 years.

PROPERTY TAXES

  • Listing ID: 10861742

  • Date on Market: 12/5/2017

  • Last Updated:

  • Address: 78 Carleton Ave, Central Islip, NY 11722