352 Motor Pky
Hauppauge, NY 11788
Wendy's | Long Island, NY · Retail Property For Sale

CBRE is pleased to present exclusively for sale this rare corporate tenant Wendy's property located on Motor Parkway, within the Hauppauge Industrial Park in Hauppauge, New York. This is a NNN ground lease with no landlord responsibilities or expenses. Wendy's has been operating at this location since 2003, and there are currently over 15 years remaining on the initial lease term. The lease boasts attractive 15% rental increases every 5 years, with the next increase upcoming in 2018. There is also one, five year option to renew the lease. This 3,000 square foot drive-through Wendy's property sits on 1 acre with frontage on Motor Parkway. The site has excellent visibility with over 19,000 vehicles traveling by daily. There is a limited amount of national fast food competition within a 3.5 mile radius of the site, as it is surrounded by numerous businesses and hotels with a strong daytime population 55,000 people within the Industrial Park. The area has extreme population density with over 12,000 people within 1 mile, over 105,000 people within 3 miles and over 261,000 people within 5 miles. This Long Island property is situated within the easternmost extreme of the New York City MSA, and sits just off of Interstate 495, with over 171,000 vehicles per day.