741 Montauk Hwy Shirley, NY
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Fully leased gas station with long-term tenant in Shirley, NY.
Type:INDUSTRIAL
Property size:
1,607 SFLot size:
0.59 Acres- Added:
- Aug 21, 2023
- Days on Market:
- 975
- Last Refresh:
- Apr 5 at 9:48 pm
Property Features for 741 Montauk Hwy
General Information
- Standard status
- Active
- Size
- 1,607 SF
- Lot size
- 0.59 Acres
- Property subtype
- INDUSTRIAL
Listing agent Jonathan Squires
Listing office Cushman & Wakefield | Midtown Manhattan (212) 841-7500
Listing date Aug 21, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Midtown Manhattan
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
Location Insight
- Map
- Local Demand
- City
- Shirley
- County
- Suffolk
- State
- New York
- Longitude
- -72.8656
- Latitude
- 40.8016
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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.
