Exxon Mobil Gas Station - Absolute NNN 172 Howells Rd 1,000 SF Retail Building Bay Shore, NY 11706 $2,893,148 CAD ($2,893.15 CAD/SF) 5.26% Cap Rate

Marcus & Millichap is pleased to present the subject offering, a single-tenant net-leased Sunoco gas station located on Howells Road in Bay Shore (Long Island), New York. The lease is corporately guaranteed by Sunoco, LP, North America’s largest independent fuel distributor with $20 billion in annual revenue, and a market capitalization of $14.5 billion.
The site features an Exxon Mobil-branded gas station with ten pumps, and a 1,380 square foot building that houses Hamza & Madina Halal Food, a restaurant chain with 13 locations throughout NYC and Long Island. The property rests on a 17,424 square foot corner lot.
This is an absolute NNN lease, with zero landlord responsibilities. Sunoco has two percent annual increase, with two (5) five-year renewal options. Sunoco LP recently purchased this lease. This is offered fee simple, and it is eligible for accelerated depreciation.
The offering is located on Howells Road, just off Sunrise Highway, the major commercial roadway in Bay Shore. The site is down the street from a massive retail complex featuring Lowe’s, Old Navy, Barnes & Noble, Target and HomeGoods. It is right down the street from Bay Shore High School (1,900+ students), and it benefits from outstanding traffic counts along Sunrise Highway and the Southern State Parkway. Bay Shore is located on the South Shore in Suffolk County (Long Island).