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28970868
28970869

2343 Middle Country Rd, Centereach, NY 11720

Ripco Real Estate
RIPCO Real Estate
RIPCO Real Estate New York
Listed by Ripco Real Estate, RIPCO Real Estate, RIPCO Real Estate New York
$3,300,000
55 days on market
Updated 27 days ago

NNN Athletic Training Facility | 2343 Middle Country Road

Details
APN 0200-515-00-01-00-003-000
Property Type Retail
Sub Type Storefront
Square Footage 8,459
Units 1
Cap Rate 6.20%
NOI $217,200
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 10/01/2035
Remaining Term 9.3
Lease Options 2
Year Built 2005
Year Renovated 2025
Buildings 1
Stories 1
Lot Size (SqFt) 43,560
Zoning J2
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 11/01/2025
Ownership Fee Simple

Absolute NNN Athletic Training Facility | 8,459 SF on 1 acre lot

Marketing description

RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 2343 Middle Country Road, Centereach, NY.

The 8,459 SF retail building is situated on a 1-acre lot on Route 25 and is currently occupied by REPS Athletic Training Center on a triple net lease basis. REPS has a new 10-year lease with two 5-year options and 3%annual increases beginning in year 5.

The building is free of columns and has on-site parking for 42

cars.

The property is located in a dense retail corridor with an average daily traffic count of 40,274 VPD and a median household income of $124,000 in a 1-mile radius.

ABOUT THE TENANT:

REPS is an indoor turf athletic training facility and indoor basketball court offering training, fitness classes, clinics and more. Formerly based in Port Jefferson, the facility moved to Centereach to offer an expanded and more versatile training environment for athletes on Long Island.

While the facility is multi-disciplinary, it is most renowned for its specialized instruction in baseball and softball, providing elite-level development for youth, high school and collegiate athletes.

The Centereach location is designed to be a one-stop shop for athletic development, featuring an indoor turf training area, batting cages, pitching lanes, and equipment for strength and conditioning. REPS offers private and semi-private instruction led by experienced coaches, as well as seasonal programs, clinics and camps for local organizations in the off-season.

Investment highlights

  • Single tenant NNN (no landlord responsibilities)
  • 10-year lease plus options
  • Newly renovated 8,459 SF column-free building
  • 3% annual increases beginning in year 5
  • Median household income in 1-mile radius of $124K+
  • 40K+ vehicles per day on Middle Country Road

Listing Contacts

Ripco Real Estate
RIPCO Real Estate
RIPCO Real Estate New York
Listed by Ripco Real Estate, RIPCO Real Estate, RIPCO Real Estate New York

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$217,200.00
$18,100.00/mo

Valuation Metrics

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DSCR
6.58%
Cap Rate
6.58%
ROI

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