50 E Main St - Restaurant FOR SALE


East Islip, NY 11730
$2,350,000 USD
631-478-3382
50 E Main St, East Islip, NY for Sale
$2,350,000 USD
Restaurant - FOR SALE
1/13
null | 4.49% Cap Rate

50 E Main St
East Islip, NY 11730


HIGHLIGHTS

  • Well positioned on E Main St (Montauk Hwy) with 14k vehicles per day that pass the property
  • Strong demographics with over 61,000 residents within a 3 mile radius
  • Large parking lot to accommodate 50+ vehicles
  • Long term operating history
  • Absolute NNN - No landlord responsibilities
  • Long term lease with 12+ Yrs remaining on the base term

OVERVIEW

Silber Investment Properties is pleased to Exclusively present an opportunity to own a free standing, single tenant, Absolute NNN retail property in the heart of East Islip. Situated in an extremely dense retail/residential corridor (with over 61,000 residents within a 3 mile radius), this location provides no shortage of potential customers/tenants, and the combination of below market rent along with low price per-square-foot provides tremendous upside for a potential investor. Additionally, the next 10% rental increases is in June 2027. Friendly's has a long term operating history with long guaranteed term remaining (12+ years) on the base term of the lease, and because there are zero landlord responsibilities, this makes it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$783 USD /SF

CAP RATE

4.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Friendly's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

BU1

APN/PARCEL ID

0500-373-00-01-00-009-000

ASK ABOUT THIS PROPERTY

Dylan SilberSilber Investment Properties, LTDMore Info
631-478-3382

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Dylan SilberSilber Investment Properties, LTDMore Info
631-478-3382

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