566 Fulton St - Service Station FOR SALE


Farmingdale, NY 11735
$2,791,385 USD
781-776-4006
566 Fulton St, Farmingdale, NY for Sale
$2,791,385 USD
Service Station - FOR SALE
1/8
null | 6.5% Cap Rate

566 Fulton St
Farmingdale, NY 11735


HIGHLIGHTS

  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strategic Retail Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, net-leased Mobil Gas Station and Convenience Store located at 566 Fulton Street in Farmingdale, New York (“the Property”). The Property consists of an 1,800 square foot freestanding building with 8 fueling stations on a 0.17-acre corner lot. Mobil has 20+ years remaining on a Triple Net Lease with two (2), 5-year renewal options. The lease calls for attractive 12% rent increases every 5 years throughout the primary lease term and renewal options. Mobil Gas Station & Convenience Store at 566 Fulton Street is strategically located at the intersection of Fulton Street (NY-109) and Walter Place in Farmingdale, NY. This prime location offers excellent visibility and multiple access points, benefiting from substantial daily traffic along the bustling Fulton Street corridor. The station is conveniently positioned less than a mile from the Farmingdale Long Island Rail Road station, enhancing accessibility for both local commuters and travelers. The surrounding area boasts a diverse mix of residential neighborhoods, retail establishments, and light industrial facilities, ensuring a steady and varied customer base. Nearby national and regional retailers, including Stop & Shop, CVS, and Walmart, contribute to the area's vibrant commercial activity, supporting consistent consumer engagement throughout the day.

FOR SALE DETAILS

PRICE

$2,791,385 USD

PRICE/SF

$310 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mobil

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

2409-48-447-00-0070-0

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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