1701 Sunrise HwyBay Shore, NY 11706

For Sale
$13,019,080

High-Yield Retail Property, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail investment opportunity presents a fully occupied, two-tenant property located at 1701 Sunrise Hwy in Bay Shore, New York, Suffolk County, zip code 11706. The Bay Shore Center boasts 6,025 square feet of space, housed in a single-story, 2014-built building. Currently leased to Capital One and The Vitamin Shoppe, this multi-tenant property offers a strong, stable income stream with long-term lease agreements in place, ensuring consistent cash flow. The property enjoys a prime location, strategically positioned for optimal visibility and accessibility. The asking price is $13,019,080, representing a compelling price per square foot of $2,160.84 and a 5.00% capitalization rate. The Net Operating Income (NOI) is $650,954, reflecting the property's high occupancy rate of 100%. This modern construction features streamlined management, minimizing operational complexities and maximizing return on investment. The property's highly creditworthy tenants further enhance its financial stability and long-term prospects. This is a rare opportunity to acquire a high-performing retail asset in a desirable location with significant upside potential. The property's strong financial performance, coupled with its prime location and modern construction, makes it an ideal addition to any investment portfolio.

Highlights

  • Fully occupied, two-tenant retail property in Bay Shore, NY.
  • 6,025 SF, single-story building constructed in 2014.
  • Tenants include Capital One and The Vitamin Shoppe with long-term leases.
  • Asking price: $13,019,080 ($2,160.84/SF), 5.00% cap rate, $650,954 NOI.
  • Prime location offering excellent visibility and accessibility.

Property Details for 1701 Sunrise Hwy

Property type
Other retail properties, Individual retail properties
Square Feet
6,025 SF
Year Built
2014
Stories
1
Units
2

Location Insight

City
Bay Shore
County
Suffolk
State
New York
Latitude
40.7396345
Longitude
-73.24668
1701 Sunrise Hwy, Bay Shore, 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].
1701 Sunrise Hwy
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