For Sale: Retail Building in Islandia
1968 Veterans Memorial Hwy,
Islandia, NY 11749
 
$4,900,000
Price
$265,000
NOI
5.41%
Cap Rate
$369
Price Per SF
13,286
Building SF
Single
Tenancy
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$4,900,000
Price
$265,000
NOI
5.41%
Cap Rate
$369
Price Per SF
13,286
Building SF
Single
Tenancy
Investment Highlights
For Sale: Freestanding Retail Building in Islandia, NY
*Can be sold with an adjacent retail building at 1966 Veterans Memorial Highway for $7,750,000
NNN Lease with Walgreens, sublease to Dollar Tree, lease expiring on February 1, 2026
30,000+ VPD Pass Through on Both the Veterans Memorial Highway and East Suffolk Avenue
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
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