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- LoopNet Team
69-79 Smithtown Blvd
Smithtown, NY 11787
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Calling All Investors & End-Users!!! Occupied 6 Unit Shopping Center Offered For Sale @ A 7+ Cap!!!
- Solid Tenants With Long Leases
- Shopping Center Is Situated On A Large 33,106 Sqft. Corner Lot (Next Door To 711)
- 58+ Parking Spaces
- 3 Strategically Place Curb Cuts, High Ceilings, LED Lighting, +++!!!
- Located On The Corner Of Busy Smithtown Blvd. & Sheppard Lane
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Security System
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
ABOUT 69-79 SMITHTOWN BLVD , SMITHTOWN, NY 11787
Calling All Investors & End-Users!!! 100% Occupied 6 Unit Shopping Center Offered For Sale @ A 7+ Cap!!! Located On The Corner Of Busy Smithtown Blvd. & Sheppard Lane. The Property Features 58+ Parking Spaces, Solid Tenants, Long Leases, 3 Strategically Place Curb Cuts, High Ceilings, LED Lighting, +++!!! This Shopping Center Is Situated On A Large 33,106 Sqft. Corner Lot Next Door To 711. Wild Ginger: (2 Stores #69 & #71) $64,800 Annual; Lease Exp. 4/1/2025 2% Annual Increase (2,126 Sqft.) Nail & Spa: (#73) $24,000 Annual; Lease Exp. 4/1/2024; 3% Annual Increase (1,065 Sqft.) Salon: (#75) $24,000 Annual; Lease Exp. 3/1/2023; 3% Annual Increase (1,065 Sqft.) Karate School: (#77) $30,000 Annual (1,065 Sqft.) Oriental Restaurant (#79) $24,900 Annual; Lease Exp. 7/1/2023 (1,065 Sqft.) Net Operating Income: $133,352 (7.06 Cap!!!) Gross Income: $167,700 Expenses: Gas: $0 Electric: $340 (Annual) (The Owner Only Pays For 1 Outside Light; The Tenants Pay Their Own Electric) Maintenance: $950 Insurance: $5,000 Taxes: $28,058 Total Expenses: $34,349
PROPERTY TAXES
| Parcel Number | 0800-135-00-04-00-005-000 | Improvements Assessment | $8,220 |
| Land Assessment | $3,780 | Total Assessment | $12,000 |
PROPERTY TAXES
