195 Ml Rd Westhampton Beach, NY 11978-2012

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,300 square-foot Starbucks located at 195 Mill Rd, Westhampton Beach, NY 11978. Situated on a 0.37-acre lot with 17 parking spaces, this Class A property boasts a prominent location within a five-corner intersection serving as the gateway to Westhampton Beach's affluent downtown shopping district. The single-tenant, net-lease property features a credit-rated, corporate-guaranteed tenant with a 10-year lease commencing January 10, 2025, and expiring January 10, 2035, offering a remaining term of 10.1 years. The lease includes 10% rent bumps every five years and four (with an option for a fifth) five-year renewal options. The property's strong financial performance is reflected in its $225,000 net operating income (NOI) and a 4.25% cap rate. Landlord responsibilities are limited to roof, structure, and building systems. The building, constructed in 2024, is a single-story structure within walking distance of luxury residences, Westhampton Beach High School, and the vibrant downtown area. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a prime location within a highly desirable market. The asking price is $5,294,118.