222 Montauk Hwy Lindenhurst, NY 11757

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

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.