For Sale: Retail Center in Islandia

1966 Veterans Memorial Hwy,
Islandia, NY 11749

 

$2,850,000
Price
$164,023
NOI
5.76%
Cap Rate
$589
Price Per SF
4,840
Building SF
Multiple
Tenancy
$2,850,000
Price
$164,023
NOI
5.76%
Cap Rate
$589
Price Per SF
4,840
Building SF
Multiple
Tenancy

Investment Highlights

  • For Sale: Retail Center in Islandia, NY
  • *Can be sold with an adjacent retail building at 1968 Veterans Memorial Highway for $7,750,000
  • 30,000+ VPD Pass Through both Veterans Memorial Highway and East Suffolk Avenue
  • The Dunkin Donuts has a drive-thru order and pickup lane
  • Veterans Memorial Hwy is a major highway leading to Long Island MacArthur Airport, approximately 3 miles east of the subject. In February 2024, the FAA approved the plan to erect a new terminal on the north side of the airport. The $3.3 billion project will consist of a new terminal and parking facilities; the new terminal will be directly connected to the Ronkonkoma Long Island Rail Road station via a pedestrian walkway. The LIRR Central Islip station at E Suffolk Ave is approximately 1 mile west of the subject with 30,000+ VPD passing through the subject's E Suffolk Ave. The LIRR Ronkonkoma station is approximately 3.6 miles east of the subject property. The Long Island Expwy (LIE) is approximately 1 mile northwest of the subject.
  • The high VPD on Veterans Memorial Hwy and E Suffolk Ave and the subject's corner site with traffic lights create tremendous visibility.

Location Summary

  • The property is situated in Islandia, a bustling village in Suffolk County, New York, known for its prime location near major transportation hubs, such as the Long Island Expressway (I-495) and MacArthur Airport, providing easy access for employees, clients, and customers. The area surrounding the property features a diverse mix of retail, dining, and entertainment options, including the Islandia Shopping Center, offering convenience and amenities for businesses and residents alike. The village of Islandia boasts a strong local economy supported by a mix of industries, including healthcare, technology, and hospitality, creating a dynamic business environment for potential investors.
FOR MORE DETAILS CONTACT
Raj Whadwa
Managing Partner
(516) 316-0722
raj@grs-us.com
10991239274