For Sale: Retail Strip Center in Dix Hills, NY

820-826 E Jericho Tpke, Dix Hills, NY 11746

Executive Summary:

Price:	$1,475,000
Building Size:	4,300 SF
Property Type:	Retail
Lot Size:	0.28 Acres
Year Built:	1984
Cap Rate:	6.53%
NOI:	$96,268
Location:	820-826 E Jericho Tpke, Dix Hills, NY 11746

Investment Highlights

75% Leased Retail Strip Center With 4 Units
Available 1,075 SF Spac To Lease-Up at Market Rent
On Busy Roadway: 35,600 Vehicles Per Day Drive By
10 On-Site Parking Spaces
Surrounded by Neighborhood Retail Amenities
Next to Dunkin Donuts & Volkswagen Dealership
Short Distance From Walt Whitman Rd & Walt Whitman Mall

Investment Summary

American Investment Properties has exclusive realty rights to sell 820 Plaza at 820-826 E Jericho Turnpike in Dix Hills, New York. This location is a retail strip center that is 75% occupied. There is approximately 1,075 square feet available to lease.

This is a great retail asset that sits on the busy Jericho Turnpike with over 35,600 vehicles per day. It’s surrounded by neighborhood amenities and national credit tenants including a Dunkin Donuts, and Volkswagen Dealership.

About Dix Hills, NY

Dix Hills is a hamlet and census-designated place located in western Suffolk County, Long Island, New York. It is within the Town of Huntington. Dix Hills is in between Elwood on the North, Deer Park and Wheatley Heights on the south, Melville on the west and Commack on the east.

Dix Hills is served by the Long Island Expressway which cuts straight through the middle, and the Northern State Parkway. It is divided geographically into 7 unofficial sections: southeast, northeast, south central, north central, southwest, northwest, and north.

People in Dix Hills generally have good earning power. The town enjoys an educated population that also has a large middle class.