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29686929

NY-109, West Babylon, NY 11704

FM
NY 10401339538
Real Broker NY LLC
Listed by Real Broker NY LLC
$30,000,000
112 days on market
Updated 46 days ago

OFF MARKET TRACTOR SUPPLY ANCHORED RETAIL CENTER

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 71,930
Cap Rate 5.28%
NOI $1,478,162
Occupancy 81%
Tenancy Multi
Price per SqFt $417

OFF MARKET TRACTOR SUPPLY ANCHORED RETAIL CENTER

Marketing description

The shopping center at Route 109, West Babylon (Southwestern Suffolk Submarket) is an 81,292 SF strip center situated on a substantial 18-acre parcel, offering both scale and operational versatility. The asset benefits from 667 feet of direct frontage on Route 109, one of the area’s most heavily trafficked commercial corridors, with counts reaching 22,500+ vehicles/day within 0.06 miles. The site’s Excellent Location Score (79) and Walk Score of 71 further reinforce its accessibility and visibility.

The center features a diversified tenant mix of 10 retailers, including restaurants, service providers, and specialty shops. Its primary anchor is Tractor Supply Company, occupying 53,000 SF, a nationally recognized brand that drives consistent daily traffic. Inline tenants range from 500–2,500 SF and include Sake Asian, Waffle Magic, Gino’s Pizzeria, Noor Halal Gyro, Edel Liquors, and others, creating a stable ecosystem of neighborhood-serving retail. Current occupancy is ~81.55%, with a single 15,000 SF retail/office vacancy that represents outsized upside for investors seeking value-add repositioning or re-tenanting at market rents.

Parking capacity is a key advantage: 500 surface spaces (6.95/1,000 SF) provide tenant flexibility and support high-volume operators. The center is equipped with air conditioning, pylon signage, and sits at a signalized intersection, enhancing ingress/egress for both customers and delivery traffic.

Investment highlights

Demographically, the trade area is strong: Average household income exceeds $133,000, with 70% of households earning over $75K. The surrounding community has a stable ownership base (76% owner-occupied) and a median home value of $449,404—important indicators for discretionary retail and restaurant success.

From a macro standpoint, Long Island’s retail market is showing mixed absorption patterns but continues to post healthy rent levels with market rents around $31.50/SF NNN, well above the subject’s estimated $21–26/SF, suggesting substantial rent-growth potential as vacancies are backfilled.

Overall, this property combines location strength, demographic stability, an established national anchor, and under-market rents, and represents a compelling opportunity for both value-add investors and long-term cash-flow buyers.

Listing Contacts

FM
NY 10401339538
Real Broker NY LLC
Listed by Real Broker NY LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,478,162.00
$123,180.17/mo

Valuation Metrics

0
DSCR
4.93%
Cap Rate
4.93%
ROI

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Additional Information

Name
Frank M Gomez
License
10401339538
Brokerage
eXp Realty
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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