Current Use by Public Records
- Gr8skates / Sports Field & Court
- Family Dollar / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center
Property Details for 30 The Grn
- Lot size
- 4.00 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional retail property, located at 30 The Green in Shirley, NY 11967, offers a compelling investment opportunity. The 34,000 square foot building sits on approximately 4 acres of land and boasts two strong tenants: Family Dollar and Gr8 Skates, a family entertainment center. The property underwent a complete renovation in 2023. Family Dollar contributes approximately $180,000 annually in lease payments, while Gr8 Skates generates approximately $420,000 per year, resulting in a total annual income of approximately $600,000. Estimated annual expenses include $88,000 for taxes, $16,000 for insurance, and $5,000 for cleaning and snow removal. This translates to a substantial net operating income (NOI) of approximately $491,000. The current leases have a remaining term of 9 years, providing long-term stability and predictable cash flow. This multi-tenant retail center presents a rare opportunity to acquire a high-performing asset in a desirable location within Suffolk County. The property is offered for sale by owner at $7,000,000. This is a turnkey investment ready for immediate income generation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shirley
- County
- Suffolk
- State
- New York
- Longitude
- -72.8625
- Latitude
- 40.784
