545 William Floyd PkwyShirley, NY 11967

Property Details for 545 William Floyd Pkwy

Lot size

0.58 AC

Property type

Drive through restaurants

APN

0200-851.00-04.00-017.002

APU

200851000400017002

Description

This exceptional investment opportunity presents a fee-simple ownership of a Dunkin' franchise located at 545 William Floyd Pkwy, Shirley, NY 11967. The property, a single-story, 2,712 square foot building on a 0.58-acre lot, boasts a prime location on a hard corner with excellent visibility. Built in 1978, this Class B retail property features a 100% occupancy rate with a single tenant, Dunkin', under a Net Lease (NNN) agreement. The current lease, initiated February 21, 2008, has a remaining term of approximately 3.3 years, expiring February 29, 2028. The lease includes two five-year renewal options and rent bumps of 4.34% in March 2025 and 3% annually thereafter. The property generates a substantial Net Operating Income (NOI) of $172,875. The site offers ample parking with a ratio of 9.22 spaces per 1,000 square feet. Its strategic location on William Floyd Parkway (53,000+ vehicles daily) provides direct exposure to Montauk Highway (20,000+ vehicles daily) and Sunrise Highway (50,000+ vehicles daily), ensuring high traffic volume and strong potential for continued success. This is a rare opportunity to acquire a well-established, high-performing Dunkin' location in a desirable Long Island market.

• CAP approach

  CAP return

  Valuation

  6%

  $6,865,324

  6.5%

  $6,337,222

  7%

  $5,884,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,318,834

  Geo Method

  $8,318,834

• Alternative Use

  Use

  Valuation

  Residential

  $5,345,684

  Hospitality

  $4,896,618

  Educational

  $4,073,928

  Medical

  $4,214,037

  Retail

  $6,337,222

Location Insight

City

Shirley

County

Suffolk

State

New York

Latitude

40.7998

Longitude

-72.8659

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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