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.