Firestone Net Lease-Investment Grade-LI, NY

Select Real Equity Advisors, LLC is pleased to present our Exclusive Offering of the well located Firestone Auto Care Net Leased Investment in Port Jefferson Station, Suffolk County, NY.
Firestone (Bridgestone/Firestone Inc.), boasts an "A" credit rating from S&P and has signed multiple lease extensions since the original 1992 occupancy, With a net operating income of $3,143,617 and a 6% cap rate, this corporate store presents an ideal 1031 exchange opportunity with minimal landlord involvement.
This property features a +/-6,800 sf single-story structure with 10 service bays and a showroom, situated at a major traffic light-controlled intersection with a high traffic count of approximately 24,100 vehicles per day.
The property's proximity to major roadways, universities, and hospitals, as well as its well-maintained facility, including newly resurfaced roof and freshly sealed parking lot, make this Firestone NN Offering a lucrative investment at a very desirable Long Island, NY location.
LOCATION:
Strong North Shore/Suffolk County location – just 1.5 miles south of one of Long Island’s premier villages with direct access to the ferry to Connecticut.
Busy traffic light controlled intersection – SWC NYS Route 112 & Terryville Road.
Traffic Count ± 24,100 VPD combined on Route 112 and Terryville Road.
Very close to NYS Route 347 with access to major parkways, airports, major retail area shopping and amenities.
Close proximity to NYS Stony Brook University and it’s affiliate hospital, as well as Mather Hospital and St. Charles Hospital, all of whom contribute to the areas health care sector.
Desirable Area Demographics – 3 Mile Radius - Avg HH Inc $ 187,770 - Population 67,200
Improvements:
Building is +/-6,800 sf with 10 service bays; constructed in 1992
Very attractive and well maintained building – new signage program completed in 2017
Roof: Newly resurfaced in 2024 with 5 year warranty
Parking lot: Very good condition - Newly sealed and striped.