172 Howells Rd - Service Station FOR SALE


Bay Shore, NY 11706
$2,110,000 USD
917-539-0402
172 Howells Rd, Bay Shore, NY for Sale
$2,110,000 USD
Service Station - FOR SALE
1/7
null | 5.26% Cap Rate

172 Howells Rd
Bay Shore, NY 11706


OVERVIEW

Marcus & Millichap is pleased to present the subject offering, a single-tenant net-leased Sunoco gas station located on Howells Road in Bay Shore (Long Island), New York. The lease is corporately guaranteed by Sunoco, LP, North America’s largest independent fuel distributor with $20 billion in annual revenue, and a market capitalization of $14.5 billion. The site features an Exxon Mobil-branded gas station with ten pumps, and a 1,380 square foot building that houses Hamza & Madina Halal Food, a restaurant chain with 13 locations throughout NYC and Long Island. The property rests on a 17,424 square foot corner lot. This is an absolute NNN lease, with zero landlord responsibilities. Sunoco has two percent annual increase, with two (5) five-year renewal options. Sunoco LP recently purchased this lease. This is offered fee simple, and it is eligible for accelerated depreciation. The offering is located on Howells Road, just off Sunrise Highway, the major commercial roadway in Bay Shore. The site is down the street from a massive retail complex featuring Lowe’s, Old Navy, Barnes & Noble, Target and HomeGoods. It is right down the street from Bay Shore High School (1,900+ students), and it benefits from outstanding traffic counts along Sunrise Highway and the Southern State Parkway. Bay Shore is located on the South Shore in Suffolk County (Long Island).

FOR SALE DETAILS

PRICE

$2,110,000 USD

PRICE/SF

$2,110 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Exxon Mobil Gas Station - Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Auto Repair, Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

NULL

APN/PARCEL ID

0501-001-00-01-00-028-000

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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