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Citibank 730 Veterans Hwy 11,410 SF Retail Building Smithtown, NY 11788 $7,619,048 ($667.75/SF) 5.25% Cap Rate
Investment Highlights
- Prime Corner Location
- Strong Corporate Guarantee
- Affluent Community
- Strong Demographics
Executive Summary
Surmount is pleased to present the exclusive listing for a Citibank located at 730 Veterans Memorial Highway, Hauppauge, NY 11788. The site consists of roughly 11,410 rentable square feet of building space on an estimated 2.54-acre parcel of land. This Citibank is subject to a 12-year Triple Net (NNN) lease. The current annual rent is $400,000 and has scheduled increases of 1.00% annually, starting 2028.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
11,410 SF
Building Class
B
Year Built
1965
Price
$7,619,048
Price Per SF
$667.75
Cap Rate
5.25%
NOI
$400,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.54 AC
Property Taxes
| Parcel Number | 0800-154-00-05-00-010-000 | Improvements Assessment | $31,565 |
| Land Assessment | $6,550 | Total Assessment | $38,115 |
Property Taxes
Parcel Number
0800-154-00-05-00-010-000
Land Assessment
$6,550
Improvements Assessment
$31,565
Total Assessment
$38,115
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Citibank | 730 Veterans Hwy
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