596 Franklin Ave - Restaurant FOR SALE
Franklin Square, NY 11010 |
$11,176,471 USD
212-430-5196
596 Franklin Ave
Franklin Square, NY 11010
HIGHLIGHTS
- New Construction: Brand-new, dual drive-thru properties featuring strong rental increases throughout the term. Expected opening August 2025
- Investment Grade Tenants: Starbucks (NASDAQ: SBUX, S&P: BBB+) and Taco Bell/Yum Brands! (NYSE: YUM, S&P: BB+)
- Starbucks Relocation: Tenant is relocating from a high-performing café-only location ranked in the top 94th percentile nationally.
- High Barrier to Entry: Complex and time-consuming entitlement and approval processes limit new tenant relocation opportunities.
- Affluent Market: $144,000 average household income within a 5-mile radius.
- Dense infill-market: Over 816,000 residents within a 5-mile radius.
FOR SALE DETAILS
PRICE
$11,176,471 USD
PRICE/SF
$2,302 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks & Taco Bell, Franklin Square, NY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
56
LAND DETAILS
LAND ACRES
2.33 AC
LAND SF
101,495 SF
ZONING
-
APN/PARCEL ID
2089-35-B-00-1152-0
ASK ABOUT THIS PROPERTY
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212-430-5196
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212-430-5196
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