440 William Floyd PkwyShirley, NY 11967

This exceptional investment opportunity presents a 2,776 square foot Quick Service Restaurant (QSR) located at 440 William Floyd Pkwy, Shirley, NY 11967. The property boasts a 6.43% cap rate and a strong net operating income (NOI) of $75,600. The single-tenant, net lease (NNN) structure minimizes landlord responsibilities, with a stable tenant in place under a lease with 6.4 years remaining, expiring March 31, 2031. The lease commenced September 1, 2023, and includes 3% annual rent bumps. The building, constructed in 1980 and extensively renovated in 2024, features 10 parking spaces on a 0.28-acre lot. The property benefits from a high-traffic location on a major commuter corridor, with excellent visibility and signage. The recent renovations encompass the kitchen, Ansul system, HVAC, flooring, dining areas, roofing, parking lot, landscaping, and façade, eliminating any deferred maintenance. The property is situated in a thriving commercial area with numerous national brands, and enjoys high pedestrian traffic due to two nearby crosswalks and a lighted three-way intersection. This is a rare opportunity to acquire a triple-net leased asset with significant upside potential in a prime Long Island location. The asking price is $1,175,000, representing a price per square foot of $423.27. The property is zoned commercial and consists of a single, one-story building.