1189 Old Country Rd - Freestanding FOR SALE


Riverhead, NY 11901
$3,900,000 USD
332-345-2408
1189 Old Country Rd, Riverhead, NY for Sale
$3,900,000 USD
Freestanding - FOR SALE
1/3
null | 6.77% Cap Rate

1189 Old Country Rd
Riverhead, NY 11901


HIGHLIGHTS

  • A+ Location, Full Acre in a Dominant Trade Area
  • Zero Landlord Responsibilities
  • Massive Trade Area, High Performing Retail

OVERVIEW

Surmount is pleased to present the exclusive listing for a Fortunoff Backyard Store located at 1189 Old Country Road, Riverhead, NY 11901. The site consists of roughly 13,645 rentable square feet of building space on an estimated 1.01-acre parcel of land. Fortunoff Backyard Store is subject to a 10-year Triple Net (NNN) lease, which commenced 12/17/2021. The current annual rent is $264,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

6.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fortunoff Backyard Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

3

APN/PARCEL ID

0600-108-00-04-00-002-000

ASK ABOUT THIS PROPERTY

Connor CrovelloSurmountMore Info
332-345-2408

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Connor CrovelloSurmountMore Info
332-345-2408

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