The Shoppes of Lake Shore Plaza II - 100% Occupied - Quality Long Island, NY Location

Select Real Equity Advisors, LLC is pleased to present our Exclusive Offering for The Shoppes of Lake Shore Plaza (”SHOPPES”), the +/-50,408 sf retail strip component of Lake Shore Plaza II (“LSP”), located on Portion Road in Lake Ronkonkoma, Suffolk County, NY. The offering of SHOPPES will be in the form of a condominium with all of LSP’s improvements having their respective interest in the entire LSP condominium. Upon completion of the new Chik-fil-APleas pad, LSP will total +/- 94,911 sf of improvements on +/-12.1 acres with parking for 1,150 cars. SHOPPES is 100% occupied with 5 quality national and regional retailers.

Investment Highlights:

  • Rare opportunity to acquire a 100% occupied, desirable Long Island retail center with national and regional tenancy on long term leases; 86% of the property is tenanted by publicly traded companies.
  • Structured base rent escalations in place in the leases.
  • The SHOPPES offering presents a highly desirable rent WALT of 9.7 years.
  • Optimally positioned between two major supermarkets and a full complement of excellent co-anchors drive consumer traffic to the center.
  • Strong location with excellent road frontage – desirable area demographics.
  • Located within one of NYS’s largest school districts - Sachem CSD - providing a superb and stable consumer base for the retail tenants.
  • Constructed in 1998, historically well maintained by ownership.
  • Below replacement cost acquisition.
  • Delivered free and clear of debt.

Please see the attached Teaser and Confidentiality Agreement for additional information on this investment opportunity. To obtain the full Offering Memorandum, please return your fully executed Confidentiality Agreement via email to the appropriate address below. Kindly contact me to discuss this opportunity in greater detail.

Square Footage
585-595D Portion Road, Lake Ronkonkoma, NY
Major Tenants
Planet Fitness, Auto Zone, Dollar Tree, Matress Firm - Shadow Anchors are ShopRite, Stop & Shop, Regal Theatre
Listing Agent
Managing Director