Select Real Equity Advisors, LLC has been retained on an Exclusive Basis to handle the sale transaction for the Chik-fil-A NNN ground lease pad site of Lake Shore Plaza II, located on Portion Road in Lake Ronkonkoma, Suffolk County, NY.
Investment Highlights:
- Chik-fil-A – Corporate guaranteed lease from best-in-class tenant
- Zero landlord responsibilities - an ideal, management free investment opportunity for a passive investor.
- NYC MSA Trophy Acquisition - Rare opportunity to acquire a Long Island NNN Ground Lease, Chik-fil-A QSR, equipped with a dual-lane drive-thru.
- Optimally positioned between a ShopRite and a Stop & Shop supermarket with a Regal 9-screen multiplex movie theatre and a full complement of excellent co-anchors driving consumer traffic to the shopping center.
- Strong location with excellent visibility and a traffic count of 22k VPD directly in front of the property.
- Desirable area demographics; 3 mile ring of 97k people with avg HH inc of $150k+. Located in the middle of one of NYS largest school districts and just 1.5 miles to Sachem North High School.
- Access to the center is provided through 4 traffic light-controlled entrances. The Long Island Expressway Exit 60 is only 1.5 miles south.
- The offering of Chik-fil-A will be in the form of a condominium with all LSP’s improvements having their respective interest in the entire LSP condominium.
Please review the attached Chick-fil-A Teaser and contact me to receive the full offering memorandum.