269 Old Walt Whitman Rd - Freestanding FOR SALE


Huntington Station, NY 11746- South Huntington
$5,600,000 USD
631-425-1233
269 Old Walt Whitman Rd, Huntington Station, NY for Sale
$5,600,000 USD
Freestanding - FOR SALE
1/6
null | 6.01% Cap Rate

269 Old Walt Whitman Rd
Huntington Station, NY 11746
South Huntington


HIGHLIGHTS

  • Brand-New 10-Year NN Lease with 10% Rent Increases Every Five Years
  • Directly Across from Walt Whitman Shops Along the Route 110 Retail Corridor
  • Recently Renovated Freestanding Retail Asset with 32 On-Site Parking Spaces

OVERVIEW

Cushman & Wakefield has been retained exclusively to offer for sale 269 Old Walt Whitman Road, a newly renovated, freestanding single-tenant retail asset leased to Furniture Concepts, LLC d/b/a Fortunoff Backyard Store. The property comprises approximately 9,600 square feet above grade, together with a full 9,600-square-foot basement, situated on approximately 0.78 acres with 32 on-site parking spaces. Fortunoff Backyard Store recently executed a new 10-year NN lease through December 31, 2036, with three additional five-year renewal options and contractual 10% rent increases every five years. The tenant reimburses 100% of real estate taxes and the landlord’s property-insurance premiums. Stabilized 2027 NOI is approximately $336,800. The property is positioned immediately off the Route 110 retail corridor and directly across from Walt Whitman Shops, one of Long Island’s premier regional shopping destinations. The location offers convenient access to Jericho Turnpike, the Long Island Expressway and Northern State Parkway.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$598 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fortunoff Backyard Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C-8

APN/PARCEL ID

0400-232-00-04-00-011-001

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1233

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

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1233

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