201 Hallock Rd Stony Brook, NY 11790
- Retail properties
- 3,102 SF
- 1.30 lot acres
Current Use by Public Records
- Friendly's / Diner / Family Restaurant
- MrBeast Burger / Hamburger Restaurant
Property Details for 201 Hallock Rd
- Lot size
- 1.30 lot acres
- Property size
- 3,102 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 3,102 square foot Friendly's restaurant located at 201 Hallock Road, Stony Brook, New York, in Suffolk County, zip code 11790. Situated on a 1.3-acre lot, this property boasts a recently extended five-year absolute triple net (NNN) lease, commencing July 21, 2023, and expiring July 31, 2028, leaving approximately 3.7 years remaining. The current annual net operating income (NOI) is $160,500. The lease includes attractive annual rental increases of 2.5% beginning August 1, 2025, throughout the base term. Furthermore, the lease offers two five-year renewal options
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
- Stony Brook
- County
- Suffolk
- State
- New York
- Longitude
- -73.1233
- Latitude
- 40.8741