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Dark 711 NNN Redevelopment Opportunity

2820 Middle Country Rd, Lake Grove, NY 11755

Listing Price: $1,889,286

Cap Rate
7.00%
Tenant Name
DARK 7-ELEVEN
Years Remaining On Lease
1.7
Guarantor
Corporate Guarantee
Rentable SF
2,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.09

Investment Overview

Marcus & Millichap is pleased to present for sale this Dark 7-Eleven Property located at 2820 Middle Country Road in Lake Grove, New York. Lake Grove is an incorporated village in Suffolk County of Long Island, New York with a growing population of over 11,163. Lake Grove has become one of Long Island’s oldest and busiest crossroad communities. Lake Grove is home to Smith Haven Mall, which is the main mall for the “Mid Island” area of Long Island and it is the easternmost enclosed mall on Long Island and draws thousands of shoppers from the five towns that make up the Hamptons and the North Fork. Many apartment complexes are located in close vicinity to this property including Fairfield at Lake Grove Apartments with 86 rented units and Fairfield Courtyard with another 86 rented units. Several colleges are located nearby this property including SUNY Suffolk County Community College with over 25,000 students, Stony Brook University with 26,782 students and Saint Joseph’s College with 1,185 students. Also nearby are Eugene Auer Memorial Elementary School with 286 students, Samoset Middle School with 854 students and Sachem High School with 2,103 students. Only five miles from the property is Stony Brook University Hospital with 624 beds. A few minutes from the property is Smith Haven Mall which covers an area of 1,302,412 square feet and 119 shops and restaurants including L.L. Bean, Apple, H & M, Black Market, Newbury Comics and Forever 21 among many others.

Investment Highlights

  • Dark 7-11 Paying Rent | Absolute NNN Lease | Hard Corner Signalized Intersection
  • Prime Redevelopment or Owner User Opportunity with Income in Place
  • 5 Miles to Stony Brook University Hospital With 624 Beds

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Dark 711 NNN Redevelopment Opportunity

Listing Price: $1,889,286

Cap Rate
7.00%
Tenant Name
DARK 7-ELEVEN
Years Remaining On Lease
1.7
Guarantor
Corporate Guarantee
Rentable SF
2,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.09

Investment Highlights

  • Dark 7-11 Paying Rent | Absolute NNN Lease | Hard Corner Signalized Intersection
  • Prime Redevelopment or Owner User Opportunity with Income in Place
  • 5 Miles to Stony Brook University Hospital With 624 Beds

Investment Overview

Marcus & Millichap is pleased to present for sale this Dark 7-Eleven Property located at 2820 Middle Country Road in Lake Grove, New York. Lake Grove is an incorporated village in Suffolk County of Long Island, New York with a growing population of over 11,163. Lake Grove has become one of Long Island’s oldest and busiest crossroad communities. Lake Grove is home to Smith Haven Mall, which is the main mall for the “Mid Island” area of Long Island and it is the easternmost enclosed mall on Long Island and draws thousands of shoppers from the five towns that make up the Hamptons and the North Fork. Many apartment complexes are located in close vicinity to this property including Fairfield at Lake Grove Apartments with 86 rented units and Fairfield Courtyard with another 86 rented units. Several colleges are located nearby this property including SUNY Suffolk County Community College with over 25,000 students, Stony Brook University with 26,782 students and Saint Joseph’s College with 1,185 students. Also nearby are Eugene Auer Memorial Elementary School with 286 students, Samoset Middle School with 854 students and Sachem High School with 2,103 students. Only five miles from the property is Stony Brook University Hospital with 624 beds. A few minutes from the property is Smith Haven Mall which covers an area of 1,302,412 square feet and 119 shops and restaurants including L.L. Bean, Apple, H & M, Black Market, Newbury Comics and Forever 21 among many others.

Exclusively Listed By

Financing By

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