30 The GrnShirley, NY 11967

Property Details for 30 The Grn

Lot size

4.00 AC

Property size (Sq ft)

34,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Shirley

County

Suffolk

State

New York

Latitude

40.784

Longitude

-72.8625

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