545 William Floyd Pkwy Shirley, NY 11967-3401
- Drive through restaurants
- 0.58 lot acres
Jun 23, 2025
Current Use by Public Records
- Dunkin' / Takeout Restaurant / Coffee Shop
- Baskin-Robbins / Dessert Shop / Ice Cream Shop
Property Details for 545 William Floyd Pkwy
- Lot size
- 0.58 lot acres
- Property type
- Drive through restaurants
- APN
- 0200-851.00-04.00-017.002
- APU
- 200851000400017002
Description
This exceptional investment opportunity presents a fee-simple ownership of a Dunkin' franchise located at 545 William Floyd Pkwy, Shirley, NY 11967. The property, a single-story, 2,712 square foot building on a 0.58-acre lot, boasts a prime location on a hard corner with excellent visibility. Built in 1978, this Class B retail property features a 100% occupancy rate with a single tenant, Dunkin', under a Net Lease (NNN) agreement. The current lease, initiated February 21, 2008, has a remaining term of approximately 3.3 years, expiring February 29, 2028. The lease includes two five-year renewal options and rent bumps of 4.34% in March 2025 and 3% annually thereafter. The property generates a substantial Net Operating Income (NOI) of $172,875. The site offers ample parking with a ratio of 9.22 spaces per 1,000 square feet. Its strategic location on William Floyd Parkway (53,000+ vehicles daily) provides direct exposure to Montauk Highway (20,000+ vehicles daily) and Sunrise Highway (50,000+ vehicles daily), ensuring high traffic volume and strong potential for continued success. This is a rare opportunity to acquire a well-established, high-performing Dunkin' location in a desirable Long Island market.
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
- Shirley
- County
- Suffolk
- State
- New York
- Longitude
- -72.8659
- Latitude
- 40.7998
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
