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195 Mill Rd

2,300 SF Retail Building Westhampton Beach, NY 11978 £4,177,059 (£1,816/SF) 4.25% Net Initial Yield

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Investment Highlights

Landlord Obligations: Roof, Structure & Building Systems
Brand New Construction
Ten Year Base Term

No Kick Out
Rent Commencement January 2025
10% Increases Every 5 Years

Executive Summary

Westhampton Beach is an incorporated village in the Town of Southampton, in Suffolk County on the South Shore of Long Island and is consider the entrance to the tawny Hamptons market. The Hamptons market is located on the south fork of Long Island and is home to some of the wealthiest zip codes with the highest home values in the country.
The investment opportunity is located on the traffic circle of Westhampton which connects a five corner intersection of Mill Road, Oak Street, Brook Road, School Street and Potunk Lane, and serves as the entrance to this well-heeled downtown shopping district. The site is within walking distance of luxury residences, Westhampton Beach High School and the vibrant downtown shopping area.

Offering Memorandum Westhampton Beach Starbucks