122 Terryville Rd Port Jefferson Station, NY 11776
- Day care centers
- 10,000 SF
- 1.20 lot acres
Current Use by Public Records
- Day care centers
Property Details for 122 Terryville Rd
- Lot size
- 1.20 lot acres
- Property size
- 10,000 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional 1.2-acre site in Port Jefferson Station, NY (122 Terryville Rd, 11776) presents a compelling redevelopment opportunity. A 15-year, triple-net (NNN) lease with The Learning Experience (TLE), a nationally recognized early childhood education franchise, is already in place. This build-to-suit project encompasses a 10,000 square foot facility, projected to generate a $420,000 pro-forma NOI. The lease includes a corporate guarantee and 12% rent bumps every five years, ensuring consistent and growing income. The property benefits from a prime location near the future Jefferson Plaza redevelopment, boasting high visibility with 29,000 vehicles passing daily. The fee-simple ownership offers significant long-term value appreciation potential, with a projected value of approximately $6 million upon completion. This is a rare chance to invest in a stable, high-demand sector with a credit-rated, reputable tenant, minimizing operational involvement due to the NNN lease structure. The single-tenant building will be constructed to TLE's specifications, ensuring a seamless transition to occupancy. This investment offers a strong return on investment with built-in growth potential in a thriving community.
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
- Port Jefferson Station
- County
- Suffolk
- State
- New York
- Longitude
- -73.0518
- Latitude
- 40.9286
