ALDI NNN Retail
For Sale
Contact for pricing
215 Carleton Avenue, Central Islip, NY 11722
Grocery retail property constructed in 2024.
Property Size20,259 SF
Price / SF$211.76
Days on Market17
Property Features for 215 Carleton Avenue
General Information
Standard status
Active
Size
20,259 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Net Operating Income
$178,000
Building Details
Year Built
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Hanley Investment Group
(949) 942-6585
Listed By:
Jacob Fahner · License #02248156
Source:
Crexi
Added: Jul 20
Changed: Aug 3
Last Checked: Aug 3 at 3:13AM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
This NNN retail property encompasses 20,259 square feet and was constructed in 2024. The asset is identified with ALDI and is located at 215 Carleton Avenue in Central Islip, New York 11722.
Key Highlights
- 20,259‑square‑foot NNN retail property
- Constructed in 2024
- Identified with ALDI
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $527.5k | $26.04 |
| − Vacancy | −$36.4k | −$1.80 |
| EGI | $491.1k | $24.24 |
| − OpEx | −$122.8k | −$6.06 |
| NOI | $368.4k | $18.18 |
20,259 SF · lease $26.04/SF/yr · vacancy 6.90% · expense 25.00%
Alternative Uses
Best Use
Retail
$5.66M
$4.95M – $6.60M
NOI $396,084 @ 7.0% cap · market cap 9.23%
Second Best
Specialty Retail
$5.26M
$4.60M – $6.14M
NOI $368,358 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$6.17M
$5.40M – $7.20M
NOI $432,028 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 30%
Apparel 6%
Electronics 2%
McDonald's
Dining
29,342 visits/mo
0.5 miles
Taco Bell
Dining
14,729 visits/mo
0.5 miles
Checkers
Dining
11,617 visits/mo
0.5 miles
Citibank
Shops & Services
8,130 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,055 visits/mo
0.1 miles
Demographics for 11722, NY
37,491
Population
10,824
Households
3.5
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
7.0 sq mi
ZIP Area
5,356
Density / Sq Mi
$110,365
Median Household Income
$42,424
Median Earnings
$2,094
Median Rent
$407,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Grocery retail property constructed in 2024.
Where is this nnn property located?
The property is located at 215 Carleton Avenue Central Islip, NY.
What is the asking price?
The asking price for this property is $4,290,000.
What are key features of this property?
This property features: 20,259‑square‑foot NNN retail property; Constructed in 2024; Identified with ALDI
