168 Atlantic Ave - Fast Food FOR SALE


Freeport, NY 11520
$4,000,000 USD
516-933-8880
168 Atlantic Ave, Freeport, NY for Sale
$4,000,000 USD
Fast Food - FOR SALE
1/13
null | Request Cap Rate

168 Atlantic Ave
Freeport, NY 11520


HIGHLIGHTS

  • Traffic light corner
  • Single tenant
  • Net leased to Starbucks (S&P: BBB+)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$1,318 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

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

ASK ABOUT THIS PROPERTY

Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

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Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

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