RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 168 Atlantic Avenue in Freeport, NY. This 3,034 SF single tenant freestanding building is situated on a 16,553 SF lot and fully occupied by Starbucks.
Situated at the northwest corner of Atlantic Avenue and Guy Lombardo Avenue, this location benefits from high visibility at a traffic light intersection with easy access to Sunrise Highway and the Meadowbrook Parkway. The property has 22 parking spaces on site and is located along a dense commercial corridor with high traffic counts (30,000+ combined AADT), surrounded by a diverse mix of national and local retailers.
This opportunity offers investors a chance to acquire a quality asset with minimal landlord responsibilities in a desirable trade area, occupied by a café-format Starbucks that reflects CEO Brian Niccol’s ‘Back to Starbucks’ strategy of returning the brand to its community coffee house roots.
More than 48,000 residents live within a three-mile radius of the site, with a median household income of more than $123,000.