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Flagship Car Wash 1501 Sunrise Hwy 4,200 SF 100% Leased Retail Building Bay Shore, NY 11706 $6,500,000 ($1,547.62/SF) 6.35% Cap Rate
Investment Highlights
- Bonus Depreciation Opportunity
- Affluent & Dense Demographic Profile
- Flagship Carwash Corporate Guarantee
- Prime Sunrise Highway Frontage
Executive Summary
Surmount is pleased to present the exclusive listing for a Flagship Car Wash located at 1501 Sunrise Highway, Bay Shore, NY 11706. The site consists of roughly 4,200 rentable square feet of building space on an estimated .74-acre parcel of land. Cobblestone Auto Spa is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $412,750 and has scheduled increases of 1.50% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,200 SF
Building Class
C
Year Built
2026
Price
$6,500,000
Price Per SF
$1,547.62
Cap Rate
6.35%
NOI
$412,750
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
0.74 AC
Zoning
BUS3
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0500-341-00-01-00-005-000 | Improvements Assessment | $0 |
| Land Assessment | $18,300 | Total Assessment | $18,300 |
Property Taxes
Parcel Number
0500-341-00-01-00-005-000
Land Assessment
$18,300
Improvements Assessment
$0
Total Assessment
$18,300
Contacts
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James Westerberg -
RJ Stein -
Tyler Hardin -
Glen Kunofsky -
Christopher Marks -
Surmount
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