Property profile

1966/68 Veterans Memorial Hwy Islip, NY 11749

OFF-MARKET
Retail properties & Spaces
18,126 SF 2.21 ac lot Built 2000
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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

Location

1966/68 Veterans Memorial Hwy Islip, NY 11749
Islip metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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