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Citibank 730 Veterans Hwy 11,410 SF Retail Building Smithtown, NY 11788 $10,572,343 CAD ($926.59 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Corner Location
- Strong Corporate Guarantee
- Affluent Community
- Strong Demographics
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Citibank located at 730 Veterans Memorial Highway, Hauppauge, NY 11788. The site consists of roughly 11,410 rentable square feet of building space on an estimated 2.54-acre parcel of land. This Citibank is subject to a 12-year Triple Net (NNN) lease. The current annual rent is $400,000 and has scheduled increases of 1.00% annually, starting 2028.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
11,410 SF
Building Class
B
Year Built
1965
Price
$10,572,343 CAD
Price Per SF
$926.59 CAD
Cap Rate
5.25%
NOI
$555,048 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.54 AC
PROPERTY TAXES
| Parcel Number | 0800-154-00-05-00-010-000 | Improvements Assessment | $43,828 CAD |
| Land Assessment | $9,095 CAD | Total Assessment | $52,923 CAD |
PROPERTY TAXES
Parcel Number
0800-154-00-05-00-010-000
Land Assessment
$9,095 CAD
Improvements Assessment
$43,828 CAD
Total Assessment
$52,923 CAD
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Citibank | 730 Veterans Hwy
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