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Fortunoff Backyard Store 269 Old Walt Whitman Rd 9,600 SF Retail Building Huntington Station, NY 11746 $5,600,000 ($583.33/SF) 6.01% Cap Rate
Investment Highlights
- Brand-New 10-Year NN Lease with 10% Rent Increases Every Five Years
- Recently Renovated Freestanding Retail Asset with 32 On-Site Parking Spaces
- Directly Across from Walt Whitman Shops Along the Route 110 Retail Corridor
Executive Summary
The property comprises approximately 9,600 square feet above grade, together with a full 9,600-square-foot basement, situated on approximately 0.78 acres with 32 on-site parking spaces. Fortunoff Backyard Store recently executed a new 10-year NN lease through December 31, 2036, with three additional five-year renewal options and contractual 10% rent increases every five years. The tenant reimburses 100% of real estate taxes and the landlord’s property-insurance premiums. Stabilized 2027 NOI is approximately $336,800.
The property is positioned immediately off the Route 110 retail corridor and directly across from Walt Whitman Shops, one of Long Island’s premier regional shopping destinations. The location offers convenient access to Jericho Turnpike, the Long Island Expressway and Northern State Parkway.
Property Facts
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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99,999 SF
- -
-
Jan 0000
The iconic Fortunoff® brand returned to the New York/New Jersey market with the opening of seven Fortunoff® Backyard Store locations in February 2010. They now have 27 locations in New York, New Jersey, Connecticut, Delaware, and Pennsylvania. Located in or near previous locations, the Fortunoff® Backyard Store features the traits that made Fortunoff® famous, they offer: An unequaled and unique assortment of patio furniture Quality merchandise at all prices Professional sales associates to help you design the perfect backyard White glove delivery service that provides all needed assembly They offer one stop shopping where you can be sure to find the perfect outdoor furniture to match your backyard setting, your entertainment needs, your taste and your budget. Many of their sets have multiple options of table sizes to ensure the furniture fits your backyard. All at the same great prices that you'll find anywhere and that have made Fortunoff® a beloved legend
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 99,999 SF | - | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0400-232-00-04-00-011-001 | Improvements Assessment | $8,500 |
| Land Assessment | $10,000 | Total Assessment | $18,500 |
Property Taxes
Contacts
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Daniel Abbondandolo -
Joegy Raju -
Victor Little -
Lincoln Cioffi -
Cushman & Wakefield
Presented by
Fortunoff Backyard Store | 269 Old Walt Whitman Rd
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