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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.

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
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
1968 Veterans Memorial Hwy, Islandia, NY 11749 Retail 13,286 SF 1900 $5,950,000
1966 Veterans Memorial Hwy, Islandia, NY 11749 Retail 4,840 SF 2001 -
Show More > < Show Less
  • Listing ID: 34225335

  • Date on Market: 12/17/2024

  • Last Updated:

  • Address: 1966-1968 Veterans Memorial Highway, Islandia, NY

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