1501 Sunrise Hwy - Retail FOR SALE


Bay Shore, NY 11706
$6,500,000 USD
516-477-7026
1501 Sunrise Hwy, Bay Shore, NY for Sale
$6,500,000 USD
Retail - FOR SALE
1/3
null | 6.35% Cap Rate

1501 Sunrise Hwy
Bay Shore, NY 11706


HIGHLIGHTS

  • Bonus Depreciation Opportunity
  • Flagship Carwash Corporate Guarantee
  • Affluent & Dense Demographic Profile
  • Prime Sunrise Highway Frontage

OVERVIEW

Surmount is pleased to present the exclusive listing for a Flagship Car Wash located at 1501 Sunrise Highway, Bay Shore, NY 11706. The site consists of roughly 4,200 rentable square feet of building space on an estimated .74-acre parcel of land. Cobblestone Auto Spa is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $412,750 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$1,548 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flagship Car Wash

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

BUS3

APN/PARCEL ID

0500-341-00-01-00-005-000

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

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