222 Montauk Hwy, Lindenhurst, NY 11757-6030
- Auto shops
- 0.52 lot acres
Current Use by Public Records
- Pep Boys / (Bike/Boat/Book/etc) Store / Auto Parts Store
- Smart Energy Spray Foam Inc. / General Contractor / Renovation Specialist
Property Details for 222 Montauk Hwy
- Year built
- 1920
- Lot size
- 0.52 lot acres
- Property type
- Auto shops
- APN
- 0103-019.00-05.00-057.000
- APU
- 103019000500057000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 28, 2008 | — | Geiger Properties LLC | Geiger,r | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased retail property located at 222 E Montauk Hwy, Lindenhurst, NY 11757. The 5,000 square foot building sits on a 0.52-acre lot and is currently 100% occupied by Pep Boys under a corporate guaranteed lease expiring July 31, 2028, with two five-year renewal options. The property boasts a strong net operating income (NOI) of $114,500, yielding a 6.03% cap rate. The asking price is $1,900,000, translating to a price per square foot of $380. The building, constructed in 2018, features seven repair bays and a lobby area, and benefits from a highly visible location on Montauk Highway, experiencing 24,000 cars passing daily. This location has served as an auto repair shop for over 35 years, with Pep Boys acquiring the previous business. The property is situated in a densely populated area, with over 23,000 people residing within a one-mile radius. This is a rare opportunity to acquire a well-established, income-producing asset with a long-term lease and significant upside potential in a prime retail location. The property is a one-story building.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lindenhurst
- County
- Suffolk
- State
- New York
- Longitude
- -73.3579
- Latitude
- 40.6822
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
