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    OFF-MARKET
    Retail properties & Spaces

    1966/68 Veterans Memorial Hwy, Islip, NY 11749

    18,126 SF 2.21 ac lot Built 2000
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two adjacent, freestanding retail buildings situated on a 2.21-acre lot at 1966/68 Veterans Memorial Highway in Islip, NY. The property boasts a combined 18,126 square feet of retail space and ample parking with 121 spaces on-site. This offering provides the unique advantage of purchasing either building individually or as a combined portfolio. Lot 1, located at 1966 Veterans Memorial Highway, encompasses a thriving retail center currently occupied by Dunkin' Donuts (three units), T-Mobile, Healthy Meals, and a Nail Saloon Spa. This lot is offered at $2,950,000. Lot 2, situated at 1968 Veterans Memorial Highway, is a triple-net-leased property anchored by a Walgreens and a sub-leased Dollar Tree, providing a stable and predictable income stream. This lot is offered at $5,950,000. The combined asking price for both properties is $8,950,000. This prime location on Veterans Memorial Highway offers exceptional visibility and accessibility, ensuring high foot traffic and strong tenant occupancy. The property presents a compelling investment opportunity for both individual building acquisition or a portfolio investment strategy. The existing tenant mix demonstrates a diverse and resilient retail profile, promising strong returns for the discerning investor.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2000
    Total area 18,126 SF
    Lot 2.21 ac (96,268 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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