820 Sunrise Hwy, Baldwin, NY 11510-3326
- Grocery and convenience stores
- 1,232 SF
- 0.24 lot acres
Current Use by Public Records
- BALDWIN SUNRISE / Gas Station
- Gas and Coffee / Gas Station
- Express Halal Food Truck / Restaurant
- Quick Mart / Grocery & Convenience Store
Property Details for 820 Sunrise Hwy
- Year built
- 1955
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.24 lot acres
- Property type
- Grocery and convenience stores
- APN
- 54-099-00-0016
- APU
- 54099000016
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 28, 2013 | $1,000,000 | Baldwin 820 Rlty LLC | Farahs LLC | Grant Deed | — |
| Feb 17, 2004 | $1,300,000 | Farahs LLC | 820 Sunrise Highway INC | Grant Deed | $750k · Business Loan Center INC |
| — | — | Farahs LLC | — | Deed Of Trust · related | $69k · Blx Capital LLC |
| — | — | Farahs LLC | — | Deed Of Trust · related | $498k · Ruskin Ents Corp |
Description
This exceptional investment opportunity presents a 1,100 square foot gas station and convenience store located at 820 Sunrise Highway in Baldwin, New York. The property sits on a 0.24-acre lot and features six gas pumps. Currently operating under a triple-net (NNN) lease with Express Gas & Mart, the lease extends until October 31, 2037, offering a substantial remaining term of 13 years. The annual net operating income (NOI) is $119,768, resulting in a compelling 6.84% capitalization rate. The asking price is $1,750,000, translating to $1,590.91 per square foot. The property underwent renovations in 2013 and boasts 100% occupancy. Situated on a high-traffic corner at the intersection of Sunrise Highway and Millburn Avenue, with a traffic count of 54,352 vehicles daily, this location provides excellent visibility and accessibility. The lease includes 3% annual rental increases, ensuring consistent growth in income. This is a turnkey investment with minimal landlord responsibilities, making it an attractive opportunity for passive income generation. The tenant has a history of reliable payments since November 1, 2012.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Baldwin
- County
- Nassau
- State
- New York
- Longitude
- -73.6056
- Latitude
- 40.6559
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
