ARF Group Leases 2,500-SF Space For New Pizza Hut DELCO In Centereach From MVC Properties
1707 Middle Country Road
Building Size
2,500 SF
Asset Type
Retail
Closing
Jan 26, 2026
About this deal
AI
The asset involved in this transaction is a retail space measuring 2,500 square feet located at 1707 Middle Country Road in Centereach. The space will host a new Pizza Hut DELCO location, expanding the existing presence of the tenant in Long Island.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1707 Middle Country Road
- Market: Centereach
- Landlord: MVC Properties
- Tenant: Pizza Hut - ARF Group
- Landlord's Representative: Peter Dilis - Olympic Property Management
- Tenant's Representative: Rachel Butiu - Mason Asset Management
The transaction includes key representatives such as Peter Dilis from Olympic Property Management, representing the landlord, MVC Properties, and Rachel Butiu from Mason Asset Management, representing the tenant, ARF Group. This new location is set to open in the spring of 2026, complementing ARF Group's four existing stores on Long Island.
On the Map
Retail
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Centereach Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93