168 Atlantic Ave - Fast Food FOR SALE
Freeport, NY 11520 |
$4,250,000 USD
212-430-5196
168 Atlantic Ave
Freeport, NY 11520
HIGHLIGHTS
- New 10 Year Lease: Brand new NN Starbucks lease with strong rental increases throughout the base term and option periods.
- Dense Infill Market: Over 393,000 residents within a 5-mile radius.
- Affluent Submarket: $136,000 average household income within a 5-mile radius.
- High Traffic Thoroughfare: Situated on the heavily traveled Atlantic Avenue with a daily traffic count of more than 30,000 vehicles.
- High Barrier to Entry: Extremely challenging and time consuming entitlement and approval processes limit tenant relocation prospects.
- Myriad Nearby National Retailers: Home Depot, Target, Five Below, McDonald’s, Taco Bell, CVS, Citibank, Citibank and Burger King.
FOR SALE DETAILS
PRICE
$4,250,000 USD
PRICE/SF
$1,401 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Boston Market
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
22
LAND DETAILS
LAND ACRES
0.38 AC
LAND SF
16,553 SF
ZONING
Business B
APN/PARCEL ID
2009-62-113-00-0218-0
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212-430-5196
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212-430-5196
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