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Restaurant

4245 Austin Blvd, Island Park, NY

4245 Austin Blvd, Island Park, NY 11558

Listing Price: $2,500,000

Cap Rate
5.21%
Tenant Name
Chico's
Years Remaining On Lease
4.7
Gross SF
7,000
Guarantor
No Guarantee
Rentable SF
7,000
Price/Gross SF
$357.14
Lease Type
Modified Gross
Rent Per Square Feet
$24.35

Investment Overview

Marcus & Millichap is proud to present for sale 4245 Austin Boulevard (“Subject Property”), a high-quality restaurant asset located in the heart of Island Park, NY.

The Subject Property sits on a 0.47-acre parcel and contains approximately ±7,000 square feet of recently renovated restaurant space. The building presents exceptionally well and benefits from 25 dedicated parking spaces, a meaningful advantage along this dense commercial corridor.

The property is currently leased to Chico’s, with 4+ years remaining on their lease term. With over 200 feet of frontage along Austin Boulevard—one of the area’s primary commercial arteries carrying 35,000 vehicles per day—the asset enjoys strong visibility and consistent traffic.

The location is supported by a robust mix of national and regional retailers including Costco, King Kullen, Starbucks, 7-Eleven, and numerous local service and dining establishments. The property is also just minutes from the Island Park LIRR Station, providing direct rail access to Manhattan and enhancing both customer convenience and long-term demand for restaurant uses in the area.

Area demographics further underscore the strength of the trade area: over 90,000 residents live within a three-mile radius, with an average household income exceeding $163,000. This combination of density and affluence supports durable restaurant performance and long-term tenant stability.

Investment Highlights

  • The Subject Property sits on a 0.47-acre parcel and contains approximately ±7,000 square feet of recently renovated restaurant space.
  • The building presents exceptionally well and benefits from 25 dedicated parking spaces.
  • The property is currently leased to Chico's, with 4+ years remaining on their lease term.
  • With over 200 feet of frontage along Austin Boulevard—one of the area's primary commercial arteries carrying 35,000 vehicles per day—the asset has strong visibility and consistent traffic.

Exclusively Listed By

Restaurant

4245 Austin Blvd, Island Park, NY

Listing Price: $2,500,000

Cap Rate
5.21%
Tenant Name
Chico's
Years Remaining On Lease
4.7
Gross SF
7,000
Guarantor
No Guarantee
Rentable SF
7,000
Price/Gross SF
$357.14
Lease Type
Modified Gross
Rent Per Square Feet
$24.35

Investment Highlights

  • The Subject Property sits on a 0.47-acre parcel and contains approximately ±7,000 square feet of recently renovated restaurant space.
  • The building presents exceptionally well and benefits from 25 dedicated parking spaces.
  • The property is currently leased to Chico's, with 4+ years remaining on their lease term.
  • With over 200 feet of frontage along Austin Boulevard—one of the area's primary commercial arteries carrying 35,000 vehicles per day—the asset has strong visibility and consistent traffic.

Investment Overview

Marcus & Millichap is proud to present for sale 4245 Austin Boulevard (“Subject Property”), a high-quality restaurant asset located in the heart of Island Park, NY. The Subject Property sits on a 0.47-acre parcel and contains approximately ±7,000 square feet of recently renovated restaurant space. The building presents exceptionally well and benefits from 25 dedicated parking spaces, a meaningful advantage along this dense commercial corridor. The property is currently leased to Chico’s, with 4+ years remaining on their lease term. With over 200 feet of frontage along Austin Boulevard—one of the area’s primary commercial arteries carrying 35,000 vehicles per day—the asset enjoys strong visibility and consistent traffic. The location is supported by a robust mix of national and regional retailers including Costco, King Kullen, Starbucks, 7-Eleven, and numerous local service and dining establishments. The property is also just minutes from the Island Park LIRR Station, providing direct rail access to Manhattan and enhancing both customer convenience and long-term demand for restaurant uses in the area. Area demographics further underscore the strength of the trade area: over 90,000 residents live within a three-mile radius, with an average household income exceeding $163,000. This combination of density and affluence supports durable restaurant performance and long-term tenant stability.

Exclusively Listed By

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