301 Walt Whitman Rd - Freestanding FOR SALE


Huntington Station, NY 11746- South Huntington
$15,096,000 USD
415-713-8578
301 Walt Whitman Rd, Huntington Station, NY for Sale
$15,096,000 USD
Freestanding - FOR SALE
1/9
null | 6% Cap Rate

301 Walt Whitman Rd
Huntington Station, NY 11746
South Huntington


HIGHLIGHTS

  • New 10-year leases to best-in-class corporate tenants with limited landlord responsibilities
  • Strong rent growth – Barnes & Noble rent increases 12% every 5 years; T-Mobile rent increases 10% every 5 years
  • Strategically located, affluent NYC Metro Area (Long Island) net leased investment opportunity with strong access, visibility and ample parking
  • Exceptional surrounding demographics with average household income over $211,000 and over 194,000 population within 5 miles
  • New Suffolk County location for Barnes & Noble and a relocation site for T-Mobile from just down the street
  • Newly redeveloped Huntington Shopping Center, located directly across the street, is anchored by Whole Foods, along with REI, Williams Sonoma, ULTA

OVERVIEW

Cushman & Wakefield is pleased to offer for sale a newly rehabilitated 19,530± square foot single-story retail building leased for 10 years to Barnes & Noble and T-Mobile on the bustling retail corridor of Walt Whitman Road in Huntington Station, NY (Affluent NYC Suburb - Long Island). The surrounding demographics are outstanding with average household income over $211,000 and over 194,000 population within 5 miles. The recently redeveloped Huntington Shopping Center, located directly across the street, is anchored by Whole Foods, along with REI, Williams Sonoma, ULTA, Tilly’s, J Crew Factory, The Container Store, PetSmart and Michael’s, and an assortment of dining and service options. Just north of Huntington Shopping Center is Walt Whitman Shops, a Simon Mall, home to Bloomingdale’s, Saks Fifth Avenue, Macy’s, Apple, Gucci, Givenchy, Chanel, Madewell, Vineyard Vines, Carhartt, Macy’s, and Sweetgreen, among numerous other national tenants.

FOR SALE DETAILS

PRICE

$15,096,000 USD

PRICE/SF

$773 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Barnes & Noble / T-Mobile - New 10-Year Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

C8

APN/PARCEL ID

0400-232-00-07-00-008-001

ASK ABOUT THIS PROPERTY

Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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

Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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