9 W Montauk Hwy - Freestanding FOR SALE


Lindenhurst, NY 11757
$4,000,000 USD
516-997-0100
9 W Montauk Hwy, Lindenhurst, NY for Sale
$4,000,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

9 W Montauk Hwy
Lindenhurst, NY 11757


HIGHLIGHTS

  • 46 On Site Car Parking

OVERVIEW

Pliskin Realty is pleased to offer for sale a 7,000 SF building on a 37,461 SF lot occupied by Advanced Auto Parts with a corporate lease. Corporate Lease: Advanced Auto Parts (AAP) is traded on the NYSE Advanced Auto Parts reported net sales in excess of $11 Billion. Long Term Occupancy: Advance Auto Parts has been at this location since 2008 and has executed two lease extensions. demonstrating their commitment to the site. Advanced Auto Parts has 10 years remaining on their present lease with three (3) - 5 year renewal options. Attractive Rent Increases: The Advanced Auto Parts lease calls for a 10% rent increase on February 1, 2031, followed by a 10% rent increase at the start of each of the three option renewals. Minimal Landlord Responsibilities: The landlord is responsible for the structure, foundation and slab. AAP is responsible for everything else including Taxes, Cam, Insurance, Roof, Parking Lot, etc. High Traffic Counts: Over 27,000 vehicles pass directly in front of the property daily

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$571 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

-

APN/PARCEL ID

0103-022-00-01-00-013-004,0103-022-00-01-00-014-000

ASK ABOUT THIS PROPERTY

Marvin HartmanPliskin Realty & Development, Inc.More Info
516-997-0100

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Marvin HartmanPliskin Realty & Development, Inc.More Info
516-997-0100

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