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    741 Montauk Hwy Shirley, NY 11967

    For Sale
    Contact for pricing

    Fully leased gas station with long-term tenant in Shirley, NY.

    Property size:
    1,607 SF
    Lot size:
    0.59 Acres

    Property Features for 741 Montauk Hwy

    General Information

    Size
    1,607 SF
    Lot size
    0.59 Acres

    Source: Cushman & Wakefield | Midtown Manhattan Agent Jonathan Squires

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

    Overview

    Leased Gas Station Investment Opportunity

    Located at 741 Montauk Highway in Shirley, Long Island, this property features a 1,607 square foot retail and auto repair building situated on a 25,700 square foot lot. The property is currently occupied by BP Products North America on a NNN lease basis, with 9 years remaining on the current lease. BP Products North America has three 5-year extension options, with rent increasing 10% every 5 years. The property is located within a 3-minute drive of the Atlantic Ocean and various stores, including Chipotle, Taco Bell, Pizza Hut, Kohl’s, CVS, Burger King, and McDonald’s. It is also accessible via Sunrise Highway and the William Floyd Parkway. This property presents an opportunity for investors to acquire a fully leased gas station in a neighborhood.
    Location Intelligence

    Current Use by Public Records

    bp Car Wash Auto Repair Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shirley
    County
    Suffolk
    State
    New York
    Longitude
    -72.865587
    Latitude
    40.801609

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    FAQs

    What type of property is this?
    Gas station - Fully leased gas station with long-term tenant in Shirley, NY.
    Where is this gas station located?
    The property is located at 741 Montauk Hwy Shirley, NY.
    What are key features of this property?
    This property features: - Leased to BP Products North America on a NNN basis, providing a stable income stream.; - Long-term lease with 9 years remaining and potential for three (3) 5-year extensions.; - Rent increases 10% every 5 years, offering built-in revenue growth.
    (212) 841-7500
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    741 Montauk Hwy Shirley, NY 11967
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    741 Montauk Hwy Shirley, NY 11967
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