741 Montauk Hwy Shirley, NY 11967
Cushman & Wakefield is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of the gas station property 741 Montauk Highway. Located in Shirley, Long Island, 741 Montauk Highway is a 25,700 square foot lot improved by a 1,607 square foot retail and auto repair building. The property is currently occupied by BP Products North America on a NNN basis with 9 years remaining on the current lease. BP Products North America has three (3) 5-year extension options and the rent increases 10% every 5-years. The subject property is within a 3-minute drive Atlantic Ocean away from stores such as Chipotle, Taco Bell, Pizza Hut, Kohl’s, CVS, Burger King, McDonald’s and many more. It is also accessible via Sunrise Highway and the William Floyd Parkway. With its incredible location, 741 Montauk Highway provides an amazing opportunity for an investor to acquire a fully leased gas station in a great neighborhood.
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bp Car Wash
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Auto Repair Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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