19 Jericho TpkeHuntington Station, NY 11746

For Sale
$9,750,000

Prime Suffolk County retail investment. NNN leased, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of two Class A retail buildings totaling 5,000 to 13,248 square feet, situated on a 1.5-acre lot in Huntington Station, New York. The property boasts an impressive 415 feet of frontage along Jericho Turnpike, strategically positioned between two merging roads, providing unparalleled visibility and accessibility. Five curb cuts on three major roads, coupled with two traffic lights, ensure optimal traffic flow and exposure. Both buildings are 100% occupied under absolute NNN leases with Capital One Bank and 1800 Flowers, established tenants with a long history at this location (over 25 and 15 years respectively). The current leases have 5 years remaining, generating a substantial net operating income (NOI) of $606,450, resulting in a compelling 6.22% cap rate. The property features 69 parking spaces and is zoned C-6. This portfolio benefits from its proximity to The Shoppes at Walt Whitman, a major shopping mall, and enjoys high traffic counts (over 30,750 cars daily) and strong demographics, with nearly 174,627 people residing within a 5-mile radius, boasting median incomes exceeding $147,000 annually and approximately $2.8 billion in annual consumer spending. The asking price is $9,750,000 and is suitable for a 1031 exchange. This is a truly exceptional opportunity to acquire a trophy retail asset in a high-demand location with minimal landlord responsibilities. The buildings were constructed in 1999 and are single-story structures.

Highlights

  • Trophy Retail Building Investment Opportunity.
  • Prime location at the confluence of two roads feeding into a major North Shore Huntington artery.
  • 415 feet of frontage on Jericho Turnpike, featuring 5 curb cuts and 2 traffic signals across 3 major roads.
  • Triple-Net (NNN) leased to two national retail tenants; zero landlord responsibilities.
  • Half-mile north of The Shoppes at Walt Whitman (1.1M SF regional mall).
  • High traffic count exceeding 30,750 vehicles daily.

Property Details for 19 Jericho Tpke

Property type
Other retail properties, Individual retail properties
Square Feet
5,000 SF
Class
A
Year Built
1999
Buildings
2
Stories
1
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Huntington Station
County
Suffolk
State
New York
Latitude
40.828363408886
Longitude
-73.410563650842
19 Jericho Tpke, Huntington Station, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
19 Jericho Tpke
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message