1127 Broadway, Farmingdale, NY 11735

This is a SUPER HIGH TRAFFIC STRATEGIC LOCATION BP Gas Station with Full convenience Store as well as possibly an auto repair shop (Currently the tenant is just using the auto repair shop space and bays for storage purpose. It is located on more than one intersection and/or road. The lot is HUGE, specifically 1.39 acres. The building/structure is approximately 2500 square feet give or take. It is on Route 110 and right off the Southern State Parkway. There is so much traffic in the vicinity there that there is another BP across the street which although significantly smaller, still gets enough “left over” traffic. This station literally does THREE times more business than the BP across the street/parkway.

The current rent being received is $21,074 a month with an impressive 12% increase every 5 years! This is an ABSOLUTE NNN lease where the landlord has no expenses to pay and no headaches!! All maintenance and upkeep is responsibility of the current tenant. The tenant is an A rated tenant w/ Corporate Guarantee and owns a little less than 90 BP Gas stations. The market rent for this, or proforma is significantly higher at approx. $26,000-$27,000 a month. The current tenant has subleased this station to an experienced operator who is paying between $25,000 and $26,000 a month as we speak!! So as you can see, this “proforma” isn’t really even much of a proforma or a “projection” as it is ACTIVELY bringing in these numbers in reality AT THIS VERY MOMENT. It’s just not being collected and/or received by the landlord/Owner as this is not THEIR tenant and instead is the tenant of their tenant. Please feel free to ask any questions if any difficulty in understanding this.

In addition to this, there is still an immense amount of untapped potential here given the fact that a lot of this lot is not being used anywhere close to its potential in terms of further increasing/building. This of course would increase monthly rent amounts even further! This is a NO BRAINER and one you cannot afford to miss!! Seller is looking to do a 1030 exchange and is only selling in order to be able to invest in something closer to where he lives. Therefore, Time is of the essence.

Please call and ask for Khaleeque Rehman at: 917-855-0187 if interested.

**** If ALL CASH, Then PROOF OF FUNDS will be needed.

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** Copies of leases and other pertinent documents for the sake of due-diligence can and will be provided upon request.

LEGAL DISCLAIMER : Please note that any prospective purchaser is fully and solely responsible to do your own due-diligence and to verify any information provided to them either verbally or written, and we do not take any responsibility whatsoever to the accuracy and/or validity of any of the information provided.