1715 Sunrise Hwy | Bay Shore, NY 11706
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1715 Sunrise Hwy
Bay Shore, NY 11706
Olive Garden South Shore Mall Outparcel · Retail Property For Sale
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,659 SF
Building Class
B
Year Built/Renovated
1999/2014
Price
£5,454,822
Price Per SF
£712
Net Initial Yield
5.50%
NOI
£300,015
Tenancy
Single
Number of Floors
1
Lot Size
82.48 AC
Zoning
BU3
Parking
150 Spaces (19.58 Spaces per 1,000 SF Leased)
Frontage
223 ft on Sunrise Hwy
Amenities
- Dedicated Turn Lane
- Freeway Visibility
PROPERTY TAXES
| Parcel Number | 0500-316-00-02-00-015-001 | Improvements Assessment | £15,442,465 |
| Land Assessment | £7,594,925 | Total Assessment | £23,037,389 |
PROPERTY TAXES
Parcel Number
0500-316-00-02-00-015-001
Land Assessment
£7,594,925
Improvements Assessment
£15,442,465
Total Assessment
£23,037,389
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