For Sale
$850,000

1502 Main StPort Jefferson Station, NY 11777

NNN Leased Storefront, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,000 square foot, single-tenant net-leased storefront located at 1502 Main Street in Port Jefferson Station, NY 11777. The property boasts a strong 5.93% cap rate and a substantial net operating income (NOI) of $50,400, secured by a long-term lease with five years remaining. The tenant is responsible for all operating expenses, minimizing owner responsibilities. The building features a newly paved parking lot (July 2023) with five dedicated spaces, a new roof (2022), and 57 feet of prime frontage on busy Main Street. The property sits on a 0.14-acre lot, is connected to municipal sewers, and currently utilizes oil heat, though gas is available in the street for potential conversion. The C2 zoning allows for a variety of retail uses. This property benefits from the ongoing revitalization of the area, with new housing developments completed and underway, ensuring continued growth and strong tenant demand. The absolute NNN lease structure provides a passive income stream with minimal management requirements. This is an ideal investment for those seeking a stable, high-return retail property in a thriving location. Do not disturb the tenant.

Highlights

  • $850,000 asking price for this net-leased retail storefront.
  • Absolute NNN lease with a single tenant, providing a 5.93% cap rate.
  • Strong NOI of $50,400, with a 5-year remaining lease term and 100% occupancy.
  • 2,000 square feet on a 0.14-acre lot with 57 feet of Main Street frontage in Port Jefferson Station, NY (11777).
  • Features include 5 dedicated parking spaces, a new roof (2022), and a recently repaved parking lot (July 2023).

Property Details for 1502 Main St

Property type
Retail properties, Retail space
Square Feet
2,000 SF
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Port Jefferson Station
County
Suffolk
State
New York
Latitude
40.93595259
Longitude
-73.05616473
1502 Main St, Port Jefferson Station, New York

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1502 Main St
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