For Sale
$3,500,000

545 William Floyd PkwyShirley, NY 11967

High-traffic location, strong NOI, 3+ years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple ownership of a Dunkin' franchise located at 545 William Floyd Pkwy, Shirley, NY 11967. The property, a single-story, 2,712 square foot building on a 0.58-acre lot, boasts a prime location on a hard corner with excellent visibility. Built in 1978, this Class B retail property features a 100% occupancy rate with a single tenant, Dunkin', under a Net Lease (NNN) agreement. The current lease, initiated February 21, 2008, has a remaining term of approximately 3.3 years, expiring February 29, 2028. The lease includes two five-year renewal options and rent bumps of 4.34% in March 2025 and 3% annually thereafter. The property generates a substantial Net Operating Income (NOI) of $172,875. The site offers ample parking with a ratio of 9.22 spaces per 1,000 square feet. Its strategic location on William Floyd Parkway (53,000+ vehicles daily) provides direct exposure to Montauk Highway (20,000+ vehicles daily) and Sunrise Highway (50,000+ vehicles daily), ensuring high traffic volume and strong potential for continued success. This is a rare opportunity to acquire a well-established, high-performing Dunkin' location in a desirable Long Island market.

Highlights

  • Fee-simple ownership of a Dunkin' franchise in a prime Long Island location.
  • NNN lease with over 3 years remaining, plus two 5-year renewal options.
  • High-visibility 0.58-acre corner lot on William Floyd Parkway, with excellent access and exposure to Montauk and Sunrise Highways (high traffic counts).

Property Details for 545 William Floyd Pkwy

Property type
Retail properties, Freestanding property
Square Feet
2,712 SF
Class
B
Year Built
1978
Buildings
1
Stories
1
Lot Size (sq. ft)
25,265 SF
Units
1

Location Insight

City
Shirley
County
Suffolk
State
New York
Latitude
40.79990949175
Longitude
-72.866333705321
545 William Floyd Pkwy, Shirley, New York

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545 William Floyd Pkwy
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