Project Description

For Sale: Retail Strip in Freeport, NY

132-136 West Sunrise Highway, Freeport, NY 11520

Executive Summary:

Price: $865,000
Building Size: 2,900 SF
Property Type: Retail
Lot Size: 3,135 SF
Year Built: 1962
Cap Rate: 6.62%
NOI: $57,300
Location:
132-136 W Sunrise Hwy, Freeport, NY 1152

Investment Summary

  • Fully Leased Retail Building
  • Sits Between Two Signalized Intersections
  • Right Next to 3 Car Dealerships, 7-Eleven, Gas Station & Retail Strip With IHOP Restaurant
  • Tenants Have Great Signage & 3% Yearly Rent Increases in Lease

Investment Details

American Investment Properties is exclusively retained to sell 132-136 Sunrise Highway in Freeport, New York. At this location is a fully leased retail building with three tenants.

This property is in a strong location. It sits between two signalized intersections on the busy Sunrise Highway. Next to the property are three car dealerships, a 7-Eleven, Speedway Gas Station, and retail strip with an IHOP and Subway Restaurant.

Tenants are individually metered and responsible for electric and water expenses. Additionally, tenants pay 3% yearly increases in rent.

About Freeport

Freeport is a village in the Town of Hempstead located in the southwestern section of Nassau County, Long Island, New York.

The southern part of the village is infiltrated by several canals that allow access to the Atlantic Ocean by means of passage through salt marshes; the oldest of these canals is the late 19th century Woodcleft Canal.

The village is only a 45 minute ride by the Long Island Rail Road to Manhattan, making an easy commute to New York City. The village is also the second largest in the State of New York.

The incorporated village has its own Police Station, Fire Station, Electric and Water Departments. Freeport’s government is made up of four Trustees and a Mayor.When it comes to shopping, Freeport is one of the few villages to hold a sizable open market area, known as the Freeport Mall.

The Nautical Mile is famous for its restaurants with live music. The promenade-style sidewalk lined with antique-style light posts, potted plants and benches are a plus which encourage people to visit the area.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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