10 Terryville Rd - Auto Repair FOR SALE


Port Jefferson Station, NY 11776
$3,143,617 USD
781-776-4006
10 Terryville Rd, Port Jefferson Station, NY for Sale
$3,143,617 USD
Auto Repair - FOR SALE
1/7
null | 6% Cap Rate

10 Terryville Rd
Port Jefferson Station, NY 11776


HIGHLIGHTS

  • Long Term Lease
  • Fixed Rent Increases
  • Minimal Landlord Responsibilities
  • Strong Corporate Tenant
  • Strategic Location
  • Recession Resistant Investment

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a corporate Firestone investment property located at 10 Terryville Road in Port Jefferson Station, New York (the “Property”). The single tenant net leased Firestone was constructed in 1992 and contains 6,800 square feet on a 0.87-acre corner parcel. Firestone has 4+ years remaining on their lease with three (3), 5-year renewal options and attractive scheduled rent increases at the start of the second and third renewal options. The Property is prominently positioned at the signalized intersection of Terryville Road and Patchogue Road (NY Route 112), one of the area’s primary commercial and commuter corridors. Firestone benefits from excellent access and visibility attracting both residents and commuters. The Property is convenient to NY Routes 347 and 25A, the Port Jefferson Train Station (with service on the LIRR), and Port Jefferson Ferry Terminal. Firestone is surrounded by large shopping centers and national and local retailers and restaurants that drive traffic to the area. Additionally, the Property is convenient to residential neighborhoods, apartment communities, and area schools providing a built-in customer base.

FOR SALE DETAILS

PRICE

$3,143,617 USD

PRICE/SF

$462 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Firestone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

J-2

APN/PARCEL ID

0200-160-00-07-00-025-001

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.