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269 Old Walt Whitman Rd
Huntington Station, NY 11746
Fortunoff Backyard Store · Retail Property For Sale
Investment Highlights
- Brand-New 10-Year NN Lease with 10% Rent Increases Every Five Years
- Recently Renovated Freestanding Retail Asset with 32 On-Site Parking Spaces
- Directly Across from Walt Whitman Shops Along the Route 110 Retail Corridor
Executive Summary
Cushman & Wakefield has been retained exclusively to offer for sale 269 Old Walt Whitman Road, a newly renovated, freestanding single-tenant retail asset leased to Furniture Concepts, LLC d/b/a Fortunoff Backyard Store.
The property comprises approximately 9,600 square feet above grade, together with a full 9,600-square-foot basement, situated on approximately 0.78 acres with 32 on-site parking spaces. Fortunoff Backyard Store recently executed a new 10-year NN lease through December 31, 2036, with three additional five-year renewal options and contractual 10% rent increases every five years. The tenant reimburses 100% of real estate taxes and the landlord’s property-insurance premiums. Stabilized 2027 NOI is approximately $336,800.
The property is positioned immediately off the Route 110 retail corridor and directly across from Walt Whitman Shops, one of Long Island’s premier regional shopping destinations. The location offers convenient access to Jericho Turnpike, the Long Island Expressway and Northern State Parkway.
The property comprises approximately 9,600 square feet above grade, together with a full 9,600-square-foot basement, situated on approximately 0.78 acres with 32 on-site parking spaces. Fortunoff Backyard Store recently executed a new 10-year NN lease through December 31, 2036, with three additional five-year renewal options and contractual 10% rent increases every five years. The tenant reimburses 100% of real estate taxes and the landlord’s property-insurance premiums. Stabilized 2027 NOI is approximately $336,800.
The property is positioned immediately off the Route 110 retail corridor and directly across from Walt Whitman Shops, one of Long Island’s premier regional shopping destinations. The location offers convenient access to Jericho Turnpike, the Long Island Expressway and Northern State Parkway.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,600 SF
Building Class
C
Year Built/Renovated
1980/2026
Price
$7,879,200 CAD
Price Per SF
$820.75 CAD
Cap Rate
6.01%
NOI
$473,878 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.78 AC
Zoning
C-8 - Town of Huntington General Business A (C-8) zoning
Parking
32 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 0400-232-00-04-00-011-001 | Improvements Assessment | $11,959 CAD |
| Land Assessment | $14,070 CAD | Total Assessment | $26,029 CAD |
Property Taxes
Parcel Number
0400-232-00-04-00-011-001
Land Assessment
$14,070 CAD
Improvements Assessment
$11,959 CAD
Total Assessment
$26,029 CAD
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