1966/68 Veterans Memorial Hwy Islip, NY 11749
- Retail properties
- 18,126 SF
- 2.21 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1966/68 Veterans Memorial Hwy
- Year built
- 2000
- Lot size
- 2.21 lot acres
- Property size
- 18,126 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Islip
- County
- Suffolk County
- State
- New York
- Longitude
- -73.1775
- Latitude
- 40.8068
