150 E Main St
Smithtown, NY 11787
Corporate Farm Stores · Retail Property For Sale
Investment Highlights
- Triple Net (NNN) Lease With 20 Years Remaining W/ Zero Landlord Responsibilities | Hedge Against Inflation - 2% Annual Rent Increases
- The Asset Has Underwent a Complete Renovation To Elevate Customers’ Experience | Grand Opening on July 4th, 2020
- High Income Market | Average Household Income of More Than $135,000 Within One Mile of the Subject Asset
- Corporate Guaranty | Operator of 70+ Locations | Over the next seven years, the company aims to have as many as 600 new Farm Stores under development.
- More Than 40,250 Vehicles Per Day (VPD)| Ideally Located One Off Signalized Hard Corner of E Main Street & Hauppauge Road
- Strong Local Demographics | More Than 197,050 Residents Within Five Miles of the Subject Asset
Property Facts
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
About 150 E MAIN ST , SMITHTOWN, NY 11787
SAB is pleased to present this Farm Stores in Smithtown, NY, which is currently undergoing a complete renovation to elevate customers' experience and has opened in August, 2020. The brand new 20-year triple-net lease features 2% annual rent bumps, providing a hedge against inflation. The lease is corporately guaranteed by Farm Stores Franchising, LLC which operates more than 70 locations throughout the country. The subject property is highly visible from the intersection of E Main Street & Hauppauge Road, which features more than 40,250 vehicles per day. It is situated along the main retail corridor of Smithtown. The town is ideally located 40 Miles East of New York City. *The rendering reflects the subject property’s Farm Stores New Concept
Property Taxes
| Parcel Number | 0803-004-00-03-00-001-000 | Improvements Assessment | $600 |
| Land Assessment | $5,300 | Total Assessment | $5,900 |
Property Taxes
