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5750 Sunrise Hwy Sayville, NY 11782

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For Sale
$22,500,000

Freestanding, corporate guaranteed Target with 12 years remaining on lease.

Property size:
145,000 SF
Lot size:
12.48 Acres

Property Features for 5750 Sunrise Hwy

General Information

Size
145,000 SF
Lot size
12.48 Acres

Source: SRS Real Estate Partners | Salt Lake City Agent Calvin Short

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Target Investment Property For Sale

This offering presents the opportunity to acquire the leased fee interest (land ownership) in a freestanding, corporate-guaranteed Target property in Sayville, New York. The tenant, Target Corp., has 12 years remaining on its lease, with options to extend for 5 additional 10-year periods. The lease includes rent increases of 4% or greater every 5 years throughout the initial term and 10% increases at the beginning of each option period. The property is located on Sunrise Highway in Sayville, New York and has a property size of 145000 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Pizza Hut Express Pizza Restaurant CDReload Instant Bitcoin Crypto Atm Target Grocery Grocery Store Target Mobile Cell Phone Store Starbucks Coffee Shop

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Stop & Shop Florist

Location Insight

  • Map
  • Local Demand
City
Sayville
County
Suffolk
State
New York
Longitude
-73.069392
Latitude
40.768144

FAQs

What type of property is this?
Storefront property - Freestanding, corporate guaranteed Target with 12 years remaining on lease.
Where is this storefront property located?
The property is located at 5750 Sunrise Hwy Sayville, NY.
What is the asking price?
The asking price for this property is $22,500,000.
What are key features of this property?
This property features: - Absolute NNN lease structure requiring no landlord responsibilities.; - Corporate guarantee from Target Corp. (NYSE: TGT), an investment-grade tenant (S&P: A).; - Freestanding building in Sayville, New York (Long Island MSA).
More about this property
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