For Sale
$7,000,000

30 The Grn Shirley, NY 11967

High-Yield Multi-Tenant Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional retail property, located at 30 The Green in Shirley, NY 11967, offers a compelling investment opportunity. The 34,000 square foot building sits on approximately 4 acres of land and boasts two strong tenants: Family Dollar and Gr8 Skates, a family entertainment center. The property underwent a complete renovation in 2023. Family Dollar contributes approximately $180,000 annually in lease payments, while Gr8 Skates generates approximately $420,000 per year, resulting in a total annual income of approximately $600,000. Estimated annual expenses include $88,000 for taxes, $16,000 for insurance, and $5,000 for cleaning and snow removal. This translates to a substantial net operating income (NOI) of approximately $491,000. The current leases have a remaining term of 9 years, providing long-term stability and predictable cash flow. This multi-tenant retail center presents a rare opportunity to acquire a high-performing asset in a desirable location within Suffolk County. The property is offered for sale by owner at $7,000,000. This is a turnkey investment ready for immediate income generation.

Highlights

  • Strong tenant roster including Family Dollar and Gr8skates (family entertainment center).
  • Family Dollar generates approximately $180,000 in annual rent.
  • Gr8skates generates approximately $420,000 in annual rent.
  • Total annual income is approximately $600,000.
  • Estimated annual expenses total $109,000, encompassing $88,000 in taxes, $16,000 in insurance, and $5,000 for cleaning and snow removal.
  • Net Operating Income (NOI) is approximately $491,000.

Property Details for 30 The Grn

Property type
Lifestyle centers, Power centers
Square Feet
34,000 SF
Year Renovated
2023
Lot Size (sq. ft)
174,240 SF

Location Insight

City
Shirley
County
Suffolk
State
New York
Latitude
40.78398815
Longitude
-72.86254705

FAQs

What type of property is this?
Lifestyle center - High-Yield Multi-Tenant Retail Investment
Where is the lifestyle center located?
The property is located at 30 The Grn Shirley, NY.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Strong tenant roster including Family Dollar and Gr8skates (family entertainment center).; Family Dollar generates approximately $180,000 in annual rent.; Gr8skates generates approximately $420,000 in annual rent.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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30 The Grn
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