161 Hills Rd Huntington Station, NY 11746
- Retail properties
- 8,930 SF
- 0.33 lot acres
Current Use by Public Records
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
- Advance Auto Parts / Car Accessories Store / Car Battery Store
Property Details for 161 Hills Rd
- Lot size
- 0.33 lot acres
- Property size
- 8,930 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a stabilized, single-tenant net lease property occupied by Advance Auto Parts. Located at 161 W Hills Rd, Huntington Station, NY 11746, this 8,930 square foot auto shop sits on a 0.33-acre lot in a prime Suffolk County location, approximately 30 miles from Midtown Manhattan. The property boasts a strong financial profile, including a 4.60% cap rate and a substantial net operating income (NOI) of $86,197. The current lease, commenced on December 31, 2022, has a remaining term of 8.1 years, with two 5-year options featuring a 13% rent bump at each renewal. The tenant, Advance Auto Parts, is backed by a corporate guarantee, providing significant security for investors. The property benefits from a high average household income exceeding $230,000 within a 1-mile radius and a population exceeding 95,000 within a 5-mile radius. This location is characterized by high density and a significant barrier to entry, situated along a major commercial thoroughfare. The recent lease extension underscores Advance Auto Parts' commitment to this location and the surrounding submarket. The asking price is $1,874,753, translating to a price per square foot of $209.94. This offering is ideal for 1031 exchange investors seeking a secure, high-performing asset in a desirable Long Island market. The property is 100% occupied.
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
- Huntington Station
- County
- Suffolk
- State
- New York
- Longitude
- -73.4209
- Latitude
- 40.8332
