For Sale
$6,400,000

439 William Floyd PkwyShirley, NY 11967

Stabilized retail center, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
112
This 32,818 square foot shopping center in Shirley, NY, offers a compelling investment opportunity. Located at 439 William Floyd Pkwy, 11967, this 100% occupied property boasts a strong NOI of $512,015 and an 8.00% cap rate. The center features two tenants, including a credit-rated Family Dollar, under a gross lease with a corporate guarantee and a remaining lease term of 6 years on a 10-year lease. Built in 1990 and renovated in 2020, the property sits on a 4-acre lot and benefits from excellent accessibility. The asking price is $6,400,000, translating to $183.26 per square foot. This stabilized investment presents a rare opportunity to acquire a well-located, income-producing retail asset with long-term leases and a strong tenant profile. The property enjoys high visibility and traffic due to its location on William Floyd Parkway.

Highlights

  • 100% Occupancy, Stabilized Income Stream
  • High Traffic Location: 50,000+ vehicles daily on William Floyd Parkway
  • Investment-Grade Tenant: Family Dollar (S&P BBB Rating)
  • Strong National Tenant: Family Dollar operates over 7,900 stores nationwide.

Property Details for 439 William Floyd Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
32,818 SF
Year Built/Renovated
1990/2020
Lot Size (sq. ft)
174,240 SF

Location Insight

City
Shirley
County
Suffolk
State
New York
Latitude
40.78410933623
Longitude
-72.862573373701
439 William Floyd Pkwy, Shirley, New York

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439 William Floyd Pkwy
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