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269 Old Walt Whitman Rd
Huntington Station, NY 11746
Fortunoff Backyard Store · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
9 600 pi²
Classe d’immeuble
C
Année de construction/rénovation
1980/2026
Prix
7 879 200 $ CAD
Prix par pi²
820,75 $ CAD
Taux de capitalisation
6,01%
Revenu net d’exploitation
473 878 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,28
Taille du lot
0,78 AC
Zonage
C-8 - Town of Huntington General Business A (C-8) zoning
Stationnement
32 places (3,33 places par 1 000 pi² loué)
Façade
Commodités
- Affichage
Impôts fonciers
| Numéro de lot | 0400-232-00-04-00-011-001 | Évaluation des bâtiments | 11 959 $ CAD |
| Évaluation du terrain | 14 070 $ CAD | Évaluation totale | 26 029 $ CAD |
Impôts fonciers
Numéro de lot
0400-232-00-04-00-011-001
Évaluation du terrain
14 070 $ CAD
Évaluation des bâtiments
11 959 $ CAD
Évaluation totale
26 029 $ CAD
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