Available

Advance Auto Parts

941 Patchogue Holbrook Road | Holbrook, NY 11741

Price

$4,344,000

Cap Rate: 6.24%

Lead Broker

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Located on Long Island within the New York City MSA

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.

Investment Highlights

  • Recent early lease extension demonstrating tenant commitment to the location
  • Advance Auto Parts is an investment grade rated company (S&P: BBB-)
  • Triple net lease with the only landlord responsibilities to the slab, structure and foundation
  • Significant barriers to entry
  • Store sales are trending upward
  • Rare single tenant investment opportunity on Long Island

Location Highlights

  • Located on Long Island within the New York City MSA
  • Affluent surrounding area with average annual household incomes in excess of $162,000 within one mile
  • Densely populated area with over 232,000 people living within five miles
  • 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

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031