Olive Garden South Shore Mall Outparcel 1715 Sunrise Hwy 7,659 SF Retail Building Bay Shore, NY 11706 £5,219,927 (£681.54/SF) 5.50% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Ideal retail location, directly off Sunrise Highway with ~85,000 AADT.
Strong local demographics.

Credit tenancy - Olive Garden holds an S&P Global Rating of BBB with nearly $B in annual sales.

EXECUTIVE SUMMARY

The Property is an outparcel of the South Shore Mall, a shopping mall anchored by Macy’s, James & Co., Burlington, Dick’s, JC Penny, and more. The property totals approximately 7,650 square feet and is comprised of one commercial unit. The commercial unit is currently occupied by Olive Garden, with the lease set to expire on 10/31/2029, along with three 5-year renewal options.
The Property is ideally located directly off Sunrise Highway (Route 27), the primary east-west highway on southern Long Island, with an annual average daily traffic (AADT) of approximately 85,000 vehicles per day. South Shore Mall is home to a variety of notable national retailers, making this outparcel a highly desirable location.
For information or to schedule a property tour, please reach out to the exclusive brokers.

1715 Sunrise Highway - Ripco Setup

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

7,659 SF

Building Class

Year Built/Renovated

1999/2014

Price

£5,219,927

Price Per SF

£681.54

Net Initial Yield

5.50%

NOI

£287,096

Tenancy

Single

Number of Floors

Lot Size

82.48 AC

Zoning

BU3 - Business District

Parking

150 Spaces (19.58 Spaces per 1,000 SF Leased)

Frontage

223 ft on Sunrise Hwy

Dedicated Turning Lane

Motorway Visibility

Accommodation and Food Services
99,999 SF
-
Lorem Ipsum
Jan 0000

Founded in 1982, Olive Garden is owned by Darden Restaurants, Inc. (NYSE:DRI), the world's largest company-owned and operated full-service restaurant company. Olive Garden is the leading restaurant in the Italian casual dining segment. Italy serves as the inspiration for the brand, from its menus to its award-winning wine list to the Tuscan farmhouse design of its restaurants. Most of all, Olive Garden is inspired by the warmth and genuine hospitality of the Italian people, as well as the importance of family in their culture. This passion for Italy led to the establishment of Olive Garden's Culinary Institute of Tuscany in 1999.