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Advance Auto Parts & Vacant

282 / 274 Medford Ave, Patchogue, NY 11772

  • For Sale $2,700,000
  • Property Type Retail - Street Retail
  • Property Size 11,125 SF
  • Lot Size 0.84 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Feb 10, 2022

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Location

  • City Patchogue, NY
  • Neighborhood North Patchogue
  • Zip Code 11772
  • Market Long Island

Contacts

Ray Shammamie

Legacy Real Estate Advisors

(248) 450-3258

Highlights

  • Rare Long Island Opportunity With Upside
  • AAP NOI on a Blended basis - Next increase 1/1/2023
  • AAP Corporate Operating Income up 18% Year over Year
  • Significant Value-Add Upside Through Lease-Up of Existing Vacancy
  • AAP is an Investment Grade Tenant - S&P Credit Rating - "BBB-"
  • Consumer Spending Within 1 Mile on Transportation and Maintenance is Over $40M Annually and is Projected Over $46M by 2026
  • Over 161,000 People With an Average Household Income Over $123,000 within 5 Miles.

Frequently Asked Questions

What is the total square footage of Advance Auto Parts & Vacant?

Advance Auto Parts & Vacant totals 11,125 square feet.

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Contact Listing Broker

Ray Shammamie

Legacy Real Estate Advisors

(248) 450-3258

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