Applegreen NNN
For Sale
Contact for pricing
540 Islip Ave, Islip, NY 11751
Gas and convenience store leased through a long-term triple-net agreement with scheduled increases and renewal options.
Property Size1,700 SF
Lot Size0.43 Acres
Days on Market146
Property Features for 540 Islip Ave
General Information
Standard status
Active
Size
1,700 SF
Net Rentable
1,700 SF
Lot size
0.43 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 3:01PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Applegreen operates from a gas and convenience store comprising approximately 1,700 rentable square feet on an estimated 0.43-acre parcel. The property is located at 540 Islip Avenue in Islip, New York.
The lease is structured as a 20-year NNN agreement that began April 1, 2015. It includes two five-year renewal options, while rent increases by 15% every five years during the initial term and each option period. This structure provides clearly defined lease-duration and escalation terms for the property.
The lease is structured as a 20-year NNN agreement that began April 1, 2015. It includes two five-year renewal options, while rent increases by 15% every five years during the initial term and each option period. This structure provides clearly defined lease-duration and escalation terms for the property.
Key Highlights
- Applegreen gas and convenience store at 540 Islip Avenue, Islip, New York
- Approximately 1,700 rentable square feet on an estimated 0.43‑acre parcel
- 20‑year triple‑net lease commenced April 1st, 2015
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 11751, NY
14,790
Population
5,246
Households
2.8
Avg Household Size
43
Median Age
36%
College-Educated
88%
High-School Grad
4.0 sq mi
ZIP Area
3,698
Density / Sq Mi
$116,328
Median Household Income
$59,558
Median Earnings
$2,238
Median Rent
$501,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - Gas and convenience store leased through a long-term triple-net agreement with scheduled increases and renewal options.
Where is this nnn property located?
The property is located at 540 Islip Ave Islip, NY.
What are key features of this property?
This property features: Applegreen gas and convenience store at 540 Islip Avenue, Islip, New York; Approximately 1,700 rentable square feet on an estimated 0.43‑acre parcel; 20‑year triple‑net lease commenced April 1st, 2015
