Featured

Chick-fil-A NNN - New Ground Lease Offering - 4.4 Cap

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.

Units
1
Occupancy
100
Address
575 Portion Road, Lake Ronkonkoma, NY
Major Tenants
Chick-fil-A
Listing Agent
Managing Director