Holbrook, NY
Price: $4,344,000
Cap Rate: 6.24%
Status: AVAILABLE

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Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Advance Auto Parts property located in the Long Island – New York City MSA.  Advance Auto Parts has operated at this location since 2006.  The recent early lease extension demonstrates the tenant’s commitment to the location.  Advance Auto Parts is an investment-grade rated company (S&P: BBB-).

The Advance Auto Parts is located in Holbrook, New York within a densely populated area.  There are over 232,000 people living within five miles.  The property is strategically positioned between Patchogue Holbrook Road (23,000 VPD) and Main Street (9,000 VPD).  It is approximately one mile south of the Long Island Expressway (I-495) with over 150,000 vehicles per day.  The Advance Auto Parts is in the immediate proximity to the Long Island MacArthur Airport (2+ million annual passengers) and surrounded by numerous retailers including CVS, Chase Bank, Outback Steakhouse, 7-Eleven, and many others.

This property can be purchased individually or with several other STNL properties.  Contact broker for details.

  • Located on Long Island within the New York City MSA
  • Recent early lease extension demonstrating tenant commitment to the location
  • Advance Auto Parts is an investment grade rated company (S&P: BBB-)
  • Affluent surrounding area with average annual household incomes in excess of $162,000 within one mile
  • Triple net lease with the only landlord responsibilities to the slab, structure and foundation
  • Densely populated area with over 232,000 people living within five miles
  • Significant barriers to entry
  • Approximately one mile south of the Long Island Expressway (I-495) with over 150,000 vehicles per day
  • Strategically located between Patchogue Holbrook Road (23,000 VPD) and Main Street (9,000 VPD)
  • Positioned approximately 2.5 miles south of the only TopGolf in New York
  • Retailers in the immediate corridor include CVS, Chase Bank, Outback Steakhouse, 7-Eleven, and many other national and local companies
  • Immediate proximity to the Long Island MacArthur Airport, a commercial airport with 2+ million annual passengers and served by Southwest Airlines, Frontier Airlines, American Eagle, and Breeze Airways
  • Located approximately 50 miles east of New York City and 65 miles west on Montauk
  • Store sales are trending upward
  • Rare single tenant investment opportunity on Long Island

OFFERING SUMMARY

Price: $4,344,000
Cap Rate: 6.24%

Building Size: 7,000 SF
Land Size:
1.51 AC

INVESTMENT CONTACT

ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com

BRANDON WRIGHT
Associate
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com

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2022-08-10T09:40:42-07:00
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