Cap Rate: 4.50%
Building Size: 2,628 SF
Lot Size: 0.37AC
This is the opportunity to purchase a 2,628 square-foot absolute NNN leased, 7-Eleven in Copiague, NY (New York/Long Island). The lease calls for zero landlord obligations and the tenant has one, 5-year option to renew. The lease is corporately guaranteed by 7-Eleven. The site is strategically located on a major thoroughfare and neighbors many local retailers. The store also has very strong reported sales of over $2MM.
Copiague is a hamlet on Long Island (and census-designated place) in Suffolk County, New York, United States. The population was 22,993 at the 2010 census. Copiague is an unincorporated place within Babylon, New York.
Copiague is located approximately 35 miles (56 km) east of Manhattan and 70 miles (110 km) west of Montauk Point.