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450 Route 25A - Magic Car Wash | Long Island, NY 5,800 SF Specialty Building Offered at $5,845,000 at a 7.25% Cap Rate in Miller Place, NY 11764
Investment Highlights
- Single-Tenant Magic Car Wash & Lube; Affluent Long Island Location
- High Barriers to Entry in One of the Most Affluent Trade Areas in Long Island
- Strong Visibility & High Traffic Location: Subject property features frontage along New York SR-25A
- New 20-year lease; 16 years remaining
- Excellent Retail Synergy; Across from Top Performing Stop & Shop Location (Placer.Ai)
- Dense, Affluent Suffolk County Location: There are more than 119,000 people within a 5-mile radius of the subject property
Executive Summary
High-Volume Net-Leased Car Wash and Oil Change | Rare Uncapped CPI Increases Annually | Extremely Affluent, Dense Long Island Location
Property Facts
| Price | $5,845,000 | Building Class | B |
| Price Per SF | $1,007.76 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 5,800 SF |
| Cap Rate | 7.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1991 |
| Property Subtype | Car Wash | ||
| Zoning | X | ||
| Price | $5,845,000 |
| Price Per SF | $1,007.76 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.79 AC |
| Building Size | 5,800 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Zoning | X |
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Property Taxes
| Parcel Number | 0200-098-00-07-00-008-001 | Improvements Assessment | $5,175 |
| Land Assessment | $2,300 | Total Assessment | $7,475 |
Property Taxes
Parcel Number
0200-098-00-07-00-008-001
Land Assessment
$2,300
Improvements Assessment
$5,175
Total Assessment
$7,475
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450 Route 25A - Magic Car Wash | Long Island, NY
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