Dollar Tree,NNN Retail Subleased by Walgreens | 1968 Veterans Memorial Hwy
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Dollar Tree,NNN Retail Subleased by Walgreens 1968 Veterans Memorial Hwy
13,286 SF Retail Building Islandia, NY 11749 $5,950,000 ($448/SF) 7.14% Cap Rate
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 Foods & 1 Nail Saloon Spa, offering $2,950,000.
- Lot 2 Property has 70,567 Sqft/ 1.62 Acre. It has a substantial development opportunity.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 Absolute Triple Net property with Walgreens subleased to Dollar Tree and an adjacent significant national four retail stores investment property 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.
This lot with Dollar Tree sub-leased by Walgreens, having annual income over $425,000, which is 70,367 SQFT/ 1.62 Acre, can be purchased for $5,950,000, and the adjacent four retail store properties are offered at $2,950,000.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.
These two Retail buildings have extreme visibility, abundant frontage on Veterans Memorial Highway, and sit on the most heavily traveled artery to Islandia Village.
This lot with Dollar Tree sub-leased by Walgreens, having annual income over $425,000, which is 70,367 SQFT/ 1.62 Acre, can be purchased for $5,950,000, and the adjacent four retail store properties are offered at $2,950,000.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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,286 SF
Building Class
B
Year Built
1900
Price
$5,950,000
Price Per SF
$448
Cap Rate
7.14%
NOI
$425,008
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.19
Lot Size
1.62 AC
Zoning
HC - Commercial Zoning with more
development opportunity & multiple uses
Parking
83 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Walgreens subleased to dollar tree
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Walgreens subleased to dollar tree | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0504-017-00-01-00-016-002 | Improvements Assessment | $274,100 |
| Land Assessment | $68,900 | Total Assessment | $343,000 |
PROPERTY TAXES
Parcel Number
0504-017-00-01-00-016-002
Land Assessment
$68,900
Improvements Assessment
$274,100
Total Assessment
$343,000
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Dollar Tree,NNN Retail Subleased by Walgreens | 1968 Veterans Memorial Hwy
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