Plainview, NY 11803
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PLAINVIEW, NY, December 19 – The 20,000 Sq Ft property located at 136 Sunrise Highway, Lindenhurst, NY has been sold for $1,200,000 6.6% Cap. The transaction occurred between two local Long Island investors; The Deperte Family (seller) and 136 Sunrise Mgt Group (buyer). The tenant, a net-leased (NNN) Checkers, has occupied the property since 1995 and is operated by franchisee The Rohan Group, a Lower Southampton, PA based company that owns and operates more than 100 Dunkin’ Donuts, Pizza Hut, and Checkers restaurants throughout Pennsylvania, New Jersey and Connecticut. The tenant lease is through 2026 and carries zero landlord responsibilities.
Anthony Ciafardoni of Silber Investment Properties represented the seller. Marty Sass of Silber Investment Properties represented the buyer.
ABOUT SILBER INVESTMENT PROPERTIES
Long Island based commercial real estate brokerage; Silber Investment Properties (SIP), specializes in the acquisition and disposition of retail investment properties ranging from multi-million dollar shopping centers to a single tenant chain store. In addition the SIP National Net Leased Division brokers hundreds of Triple-Net (NNN) Properties across the country. Silber Investment Properties has earned a reputation for brokering off-market, in-house transactions, and maintains relationships with REITs, large corporations, family trusts, developers, and private investors.