316 Smithtown Blvd - Convenience Store FOR SALE


Ronkonkoma, NY 11779- Lake Ronkonkoma
$4,800,000 USD
631-858-2460
316 Smithtown Blvd, Ronkonkoma, NY for Sale
$4,800,000 USD
Convenience Store - FOR SALE
1/4
null | Request Cap Rate

316 Smithtown Blvd
Ronkonkoma, NY 11779
Lake Ronkonkoma


HIGHLIGHTS

  • 20 Year Lease has 9 + Years Remaining
  • 5433 SF Retail + 6 Pumps on 1.54 Acre Corner Lot
  • (6) Six, (5) Five-Year Options to Renew
  • Low-risk Investment Property $275,000.00 Per Annum Collected (Triple Net Lease) 

OVERVIEW

Douglas Elliman Commercial Division is pleased to offer this Rare Opportunity to purchase a full leased C-Store + Gas Station. Cumberland Farms opened its doors in 2018 after entering into a 20 Year Ground lease in 2014, that has 9 + Years remaining and (6) Six, (5) Five-Year Options to renew. Prime opportunity for a seasoned investor looking for a truly solid asset to add to their portfolio and the ideal purchase for a newer investor looking at a low-risk purchase. Situated at the highly visible corner of Rosevale Ave. and Smithtown Blvd. the site itself is 1.54 Acres with the 5,433 SF Retail storefront, 6 Gas pumps, ample parking at a traffic lit intersection that sees over 22,000 cars passing per day. For more details and to discuss further, please contact the Exclusive Listing Broker, Michael Murphy.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$883 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cumberland Farms

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

NB

APN/PARCEL ID

0800-168-00-05-00-001-001

ASK ABOUT THIS PROPERTY

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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