LONG ISLAND QSR - PRIME COMMUTER CORRIDOR | 440 William Floyd Pky
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LONG ISLAND QSR - PRIME COMMUTER CORRIDOR 440 William Floyd Pky
2,756 SF Retail Building Shirley, NY 11967 £927,075 (£336/SF) 6.43% Net Initial Yield
Investment Highlights
- LOCATED ONE of LONG ISLAND's BUSIEST TOURISM & COMMUTER CORRIDORS !
- DIRECT ROUTE to SMITH POINT BEACHES & EVENTS / CLOSE TO HAMPTONS
- NO DEFFERED MAINTANANCE / OVERHAUL IN-PROGRESS (EXPENSED BY TENANT)
- PRIME LOCATION with NATIONAL BRANDS RETAIL /Q.S.R & FAST FOOD CORRIDOR
- NEW (10) YEARS NNN LEASE - ~ 6.5% CAP RATE
Executive Summary
****** RARE OPPORTUNITY on one of LONG ISLAND'S BUSIEST Q.S.R./ RETAIL COORIDORS ******
RARE LONG ISLAND TRIPLE NET LEASED ASSET (NNN) - ZERO LANDLORD RESPONSIBILITIES
- Prime Q.S.R./ FOOD SERVICE Building located directly on one of LONG ISLANDS' BUSIEST COMMUTER AND TOURISM COORIDORS.
- Former high performing corporate DUNKIN location
- Consistently High Year Round & Seasonal V.P.D/ Traffic Counts (~13k-22k daily).
- Prime 24 Hour TRAFFIC PATTERN Commercial & Commuter Business Corridor
- Seasonal Traffic Increases w/ SMITH POINT BEACHES & SEASIDE EVENTS. (Over 300,000 visitors Seasonally!)
- 5 Way Signalized Intersection
- STABLE Food Service Tenant occupancy
- William Floyd Parkway is the Prime Downtown Business Generator location servicing BOTH local Residents and Seasonal visitors in the area.
- Former Dunkin space recognized by BRANDED TENANTS for its voluminous traffic patterns and direct proximity to Long Island Beaches and Tourism Destinations.
-BRAND NEW BUILDING RENOVATION
ZERO(0) deferred maintenance on transfer to new Owner.
Prime centralized pedestrian location with two (2) CROSSWALKS leading directly to/from Building with Full Sidewalks for 24Hr. Pedestrian Traffic.
- Lighted Intersection location. Direct Egress from William Floyd Pkwy
- Full (Lighted) Signage (x4) on BUILDING AND ALSO LIGHTED PYLON
- Unobstructed sight lines from BOTH North /South William Floyd Parkway.
- Nationally Branded High Volume Market Area (Home Depot; Marshalls; Kohls; Family Dollar; Stop & Shop; CVS; ALDI; Michaels etc....)
Currently Food Service Tenant with Ten (10) Years remaining on Lease.
- Annual C.P.I Increases.
- Strong Revenue Performer.
- Priced below cost to construct
NOTE: Do Not Disturb Tenants
RARE LONG ISLAND TRIPLE NET LEASED ASSET (NNN) - ZERO LANDLORD RESPONSIBILITIES
- Prime Q.S.R./ FOOD SERVICE Building located directly on one of LONG ISLANDS' BUSIEST COMMUTER AND TOURISM COORIDORS.
- Former high performing corporate DUNKIN location
- Consistently High Year Round & Seasonal V.P.D/ Traffic Counts (~13k-22k daily).
- Prime 24 Hour TRAFFIC PATTERN Commercial & Commuter Business Corridor
- Seasonal Traffic Increases w/ SMITH POINT BEACHES & SEASIDE EVENTS. (Over 300,000 visitors Seasonally!)
- 5 Way Signalized Intersection
- STABLE Food Service Tenant occupancy
- William Floyd Parkway is the Prime Downtown Business Generator location servicing BOTH local Residents and Seasonal visitors in the area.
- Former Dunkin space recognized by BRANDED TENANTS for its voluminous traffic patterns and direct proximity to Long Island Beaches and Tourism Destinations.
-BRAND NEW BUILDING RENOVATION
ZERO(0) deferred maintenance on transfer to new Owner.
Prime centralized pedestrian location with two (2) CROSSWALKS leading directly to/from Building with Full Sidewalks for 24Hr. Pedestrian Traffic.
- Lighted Intersection location. Direct Egress from William Floyd Pkwy
- Full (Lighted) Signage (x4) on BUILDING AND ALSO LIGHTED PYLON
- Unobstructed sight lines from BOTH North /South William Floyd Parkway.
- Nationally Branded High Volume Market Area (Home Depot; Marshalls; Kohls; Family Dollar; Stop & Shop; CVS; ALDI; Michaels etc....)
Currently Food Service Tenant with Ten (10) Years remaining on Lease.
- Annual C.P.I Increases.
- Strong Revenue Performer.
- Priced below cost to construct
NOTE: Do Not Disturb Tenants
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,756 SF
Building Class
C
Year Built/Renovated
1971/2024
Price
£927,075
Price Per SF
£336
Net Initial Yield
6.43%
NOI
£59,648
Tenancy
Single
Number of Floors
1
Building FAR
0.23
Land Acres
0.28 AC
Zoning
Commerical - Long Islands Busiest COMMUTER & TOURISM COORIDOR
Food Service Building
High V.P.D.
Seasonal & Year Round Traffic
** PRICED BELOW CONSTRUCTION COST
Parking
9 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
34 ft on William Floyd Pky
Amenities
- Corner Lot
- Courtyard
- Freeway Visibility
- Pylon Sign
- Signage
- Signalised Intersection
- Accent Lighting
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 0200-967-00-01-00-045-000 | Improvements Assessment | £2,844 |
| Land Assessment | £316 | Total Assessment | £3,160 |
PROPERTY TAXES
Parcel Number
0200-967-00-01-00-045-000
Land Assessment
£316
Improvements Assessment
£2,844
Total Assessment
£3,160
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Todd Romano -
Hampton Estates Realty
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LONG ISLAND QSR - PRIME COMMUTER CORRIDOR | 440 William Floyd Pky
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