Retail Property Located at 155 West Sunrise Highway
$13,750,000
155 West Sunrise Highway, Lindenhurst, NY 11757
16,852 SF
Square Feet
$816
PPSF
5.32%
CAP
Property Description
NOI
$732,050
Cap Rate
5.32%
Meridian Investment Sales is pleased to present exclusively for sale,155 West Sunrise Highway, a premier retail property with parking, in the Lindenhurst neighborhood of Suffolk County, New York.
• 100% leased and cash flowing retail center
• Tenants include Popeyes (with drive-thru), Jersey Mike’s, Dunkin Donuts and Jetsetter Kids Club
• Highest grossing Popeyes on all of Long Island
• Completely rebuilt in 2008, situated on 1.5-acre lot with 74 marked parking spaces
• 417’ of frontage along W. Sunrise Highway, a main thoroughfare connecting Manhattan and Eastern Long Island
• Traffic count of ~78,600 at main intersection
Property Details
Asset Type
Retail
Zoning
Business
Acres
1.52
Submarket
Lindenhurst
ZIP
11757
Renovated
2008
Listing Type
sale
Net Operating Income (NOI)
$1,161,398
Debt Service Coverage Ratio (DSCR)
1.48x
Cap Rate
8.45%
Cash Flow (Annual)
$379,214
Cash-on-Cash Return
11.03%
Monthly Debt Service
$65,182
Annual Debt Service
$782,184
View on Map
Address
155 West Sunrise Highway
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Lindenhurst Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.
