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87 E Main St 1,800 SF Retail Building Riverhead, NY 11901 $950,000 ($527.78/SF)
Executive Summary
PRIME INVESTMENT OPPORTUNITY | Fully Leased Ben & Jerry’s 10-Year NNN Lease (June 2025–June 2035)
A rare opportunity to purchase a fully leased property in the heart of Downtown Riverhead—one of the most active and rapidly expanding markets on Long
Island. The property is currently leased to Ben & Jerry’s, which signed a 10-year NNN lease beginning June 2025 and running through June 2035, providing
a stable, long-term investment with minimal landlord responsibilities. The tenant remains in place with nine years of term remaining.
Downtown Riverhead continues to experience significant revitalization, with more than 120 apartments under construction or in the approval pipeline just a
few blocks away. The property is also steps from the new Hyatt Hotel (which does not offer a full-service restaurant) and close to major attractions including
the Long Island Aquarium, Long Island Science Center, Suffolk County Historical Society, Long Island Railroad Museum, and the newly expanded Suffolk
County Courts—driving consistent daily foot traffic from visitors, families, jurors, and attorneys.
The sale includes all fixtures, equipment, business components, inventory, deed, and keys, offering a seamless transition for an investor seeking a reliable,
income-producing asset in a thriving downtown corridor.
A solid, long-term investment opportunity backed by a nationally recognized tenant.
A rare opportunity to purchase a fully leased property in the heart of Downtown Riverhead—one of the most active and rapidly expanding markets on Long
Island. The property is currently leased to Ben & Jerry’s, which signed a 10-year NNN lease beginning June 2025 and running through June 2035, providing
a stable, long-term investment with minimal landlord responsibilities. The tenant remains in place with nine years of term remaining.
Downtown Riverhead continues to experience significant revitalization, with more than 120 apartments under construction or in the approval pipeline just a
few blocks away. The property is also steps from the new Hyatt Hotel (which does not offer a full-service restaurant) and close to major attractions including
the Long Island Aquarium, Long Island Science Center, Suffolk County Historical Society, Long Island Railroad Museum, and the newly expanded Suffolk
County Courts—driving consistent daily foot traffic from visitors, families, jurors, and attorneys.
The sale includes all fixtures, equipment, business components, inventory, deed, and keys, offering a seamless transition for an investor seeking a reliable,
income-producing asset in a thriving downtown corridor.
A solid, long-term investment opportunity backed by a nationally recognized tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,800 SF
Building Class
A
Year Built
1932
Price
$950,000
Price Per SF
$527.78
Tenancy
Single
Building Height
1 Story
Building FAR
0.83
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
8 - Diners And Luncheonettes
Parking
15 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
27’ on Main St
Amenities
- Signage
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0600-128-00-06-00-078-001 | Improvements Assessment | $41,100 |
| Land Assessment | $17,000 | Total Assessment | $58,100 |
Property Taxes
Parcel Number
0600-128-00-06-00-078-001
Land Assessment
$17,000
Improvements Assessment
$41,100
Total Assessment
$58,100
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87 E Main St
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