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Attributes

Year Built 1975
Occupancy 93.0 %

Property Description

The Property is centrally located in a densely populated and affluent area of central Long Island, minutes from the Long Island Expressway, Stony Brook University, and approximately 50 minutes from Manhattan. Over 175,000 residents live within a five-mile radius of the Property, and have an impressive average household income of $155,651, with 56% of households within this area having an income of over $100,000.

Investment Highlights

a 42,215-square foot shopping center located at the intersection of Larkfield Road and Clay Pitts Road in East Northport, Long Island, New York. The Property is 93.4% occupied by ten tenants with a weighted average remaining lease term of over 9 years. The Property is anchored by a full service IGA grocery store with limited local competition and 18 years remaining on the lease. The property also has a Family Dollar which recently renewed through June 2023.
Rob Rizzi
Managing Director
Steve Simonelli
Steve Simonelli
Senior Director, Capital Markets
License details
NJ-0456983

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