The subject
property is a 1.3 Acre lot with 80’ of frontage on Jericho Turnpike just
West of Larkfield Road, East Northport in Suffolk County with curb cuts
at a stop light. There is an existing 2,200 SF building on the lot
which was used for an insurance office for the past 20+ years. The
tenancy directly next door includes Best Buy and Stop & Shop and
directly across the street includes Bob’s Stores and Bed Bath &
Beyond among many other surrounding national tenants. Car counts well
exceed 50,000 per day. Currently, ownership have a lease in-hand for a
national child development center for $267,500 absolute NNN per year for
a 15 year term + 10 year option. Ownership would be required to
construct a 10,000 SF building for this tenant. In summary, the property
will be delivered vacant and can be delivered with this lease and
building obligation. The lease abstract, proposed site plans, survey and
environmental report are all available upon request.
Click here for listing details.
Neighborhoods: Suffolk County/ Agents: Stephen Preuss