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Miscellaneous

Sun & Ski Sports | Trophy Location | Below Market Rent

197 S Service Rd, Plainview, NY 11803

Listing Price: $9,777,300

Cap Rate
5.00%
Tenant Name
Sun & Ski Sports
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
38,071
Lease Type
Double Net
Rent Per Square Feet
$12.84

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sun & Ski located at 197 South Service Road in Plainview, New York. The site consists of roughly 38,071 rentable square feet of building space on estimated 1.12-acre parcel of land. The current annual rent is $488,865 and is scheduled to increase by one percent (1%) annually throughout the base term and in each of the four (4), five (5)-year renewal options. Glen Kunofsky, part owner of the property, is part of the listing team and is a licensed broker in the state of New York.

Investment Highlights

  • Rare Long Island Net Lease Offering With Over 150 Feet Of Direct Frontage On I-495 (Long Island Expressway)
  • Future Upside | Current Rent Below Market At $12.84/Foot
  • Long Term Site Commitment | Sun & Ski Has Been At This Location for Over Forty Years & Has Exercised Multiple Extension Options

Exclusively Listed By

Financing By

Miscellaneous

Sun & Ski Sports | Trophy Location | Below Market Rent

Listing Price: $9,777,300

Cap Rate
5.00%
Tenant Name
Sun & Ski Sports
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
38,071
Lease Type
Double Net
Rent Per Square Feet
$12.84

Investment Highlights

  • Rare Long Island Net Lease Offering With Over 150 Feet Of Direct Frontage On I-495 (Long Island Expressway)
  • Future Upside | Current Rent Below Market At $12.84/Foot
  • Long Term Site Commitment | Sun & Ski Has Been At This Location for Over Forty Years & Has Exercised Multiple Extension Options

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sun & Ski located at 197 South Service Road in Plainview, New York. The site consists of roughly 38,071 rentable square feet of building space on estimated 1.12-acre parcel of land. The current annual rent is $488,865 and is scheduled to increase by one percent (1%) annually throughout the base term and in each of the four (4), five (5)-year renewal options. Glen Kunofsky, part owner of the property, is part of the listing team and is a licensed broker in the state of New York.

Exclusively Listed By

Financing By

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