100 Broadway | Greenlawn, NY 11740
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100 Broadway
Greenlawn, NY 11740
Dairy Barn · Retail Property For Sale
Investment Highlights
- Current tenant on 9yr lease!
- Call Guy or Christian at (516) 703 - 2300 for more information today!
Executive Summary
Berkshire Hathaway Commercial Services is proud to bring to market an absolute net leased property located in the heart of Greenlawn’s retail corridor. Formerly known as "Dairy Barn", this property enjoys the benefit of a new ten-year lease that requires zero landlord responsibilities with regard to maintenance and all operating expenses.
The property is located on a corner on Broadway in the heart of Greenlawn, within walking distance of the train station. In addition to being highly convenient to commuter traffic, the site offers TWO lanes of covered drive-through. The double drive-through lanes offer maximum vehicle efficiency with zero traffic backup. It is the ideal local convenience store, servicing the neighboring community
since 1967. This property has been in continuous operation, having only two tenants in its 54-year history.
There are annual increases during the base ten-year term of the lease as well as the two (5) year options. The lease is personally guaranteed for the first two years, followed by a “Good Guy Clause” for the remaining term. The current tenant operates eight additional locations.
The Property Is distinguished by its double-covered drive-through feature and red barn appearance. This convenience store offers milk, beer, cigarettes, and a full line of other essential products, without having to leave the comfort of their vehicles. During Covid, this drive-through was one of the few businesses that remained in operation, serving the local community. This convenience store in
Greenlawn has a very strong local following. 1031 Exchange from Buyer Possible.
The property is located on a corner on Broadway in the heart of Greenlawn, within walking distance of the train station. In addition to being highly convenient to commuter traffic, the site offers TWO lanes of covered drive-through. The double drive-through lanes offer maximum vehicle efficiency with zero traffic backup. It is the ideal local convenience store, servicing the neighboring community
since 1967. This property has been in continuous operation, having only two tenants in its 54-year history.
There are annual increases during the base ten-year term of the lease as well as the two (5) year options. The lease is personally guaranteed for the first two years, followed by a “Good Guy Clause” for the remaining term. The current tenant operates eight additional locations.
The Property Is distinguished by its double-covered drive-through feature and red barn appearance. This convenience store offers milk, beer, cigarettes, and a full line of other essential products, without having to leave the comfort of their vehicles. During Covid, this drive-through was one of the few businesses that remained in operation, serving the local community. This convenience store in
Greenlawn has a very strong local following. 1031 Exchange from Buyer Possible.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,002 SF
Building Class
C
Year Built
1983
Price
£1,017,185
Price Per SF
£1,015
Net Initial Yield
5%
NOI
£50,859
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
0.37 AC
Zoning
C6 - Commercial
Parking
1 Space (1 Space per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
PROPERTY TAXES
Parcel Number | 0400-111-00-02-00-043-000 | Improvements Assessment | £391 |
Land Assessment | £1,956 | Total Assessment | £2,347 |
PROPERTY TAXES
Parcel Number
0400-111-00-02-00-043-000
Land Assessment
£1,956
Improvements Assessment
£391
Total Assessment
£2,347
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