280 Larkfield Rd | East Northport, NY 11731
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280 Larkfield Rd
East Northport, NY 11731
Wendy's | Northport, NY · Retail Property For Sale
Investment Highlights
- The lease is guaranteed by Wendy's Corporate (6,800+ locations) vs a smaller franchisee as is more common with this operator
- Northport is located in Suffolk County, along Long Island's north shore and part of the highly sought-after New York City MSA
- The NNN ground lease structure is a huge benefit to the landlord, eliminating any exposure to expenses or property management
- Wendy’s has been successfully operating at this location since 2002 and has extended its lease twice, illustrating continued success over a 20yr perio
- There is no national fast-food competition within a 2-mile radius of the subject property and the closest Wendy's location is over four miles away
- Affluent and dense New York submarket with the average household incomes over $163,000 and population density over 171,000 within 5 miles of the site
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,036 SF
Building Class
C
Year Built
1976
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.18 AC
Parking
56 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
68’ on Larkfield Rd
Amenities
- Dedicated Turn Lane
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 0400-119-00-01-00-105-001 | Improvements Assessment | $990 |
| Land Assessment | $5,210 | Total Assessment | $6,200 |
Property Taxes
Parcel Number
0400-119-00-01-00-105-001
Land Assessment
$5,210
Improvements Assessment
$990
Total Assessment
$6,200
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