Dollar Tree Anchored Center
349-355 Broadway Amityville NY 11701
This Dollar Tree anchored shopping center is an attractive +/- 21,531 SF multi-tenant retail building located in Western Suffolk County on one of the most sought-after North/ South arteries on Long Island. The building is situated on a 1.78 acres with curb cuts on Broadway and Dixon Avenue. The entrance on Broadway is regulated by a traffic light and is located directly across the street from AvalonBay’s brand new 338-unit apartment community. The property has parking for 107 cars in addition to a drive thru window that services Teachers Federal Credit Union. The center is home to many recognized brands such as Dollar Tree, Teachers FCU, Hear USA, and Dunkin Donuts / Baskin Robbins. The Center is located just South of Sunrise Highway, on a section of Route 110 where the traffic counts in exceed of 36,000 VPD. The average household income within 5 miles of the property is over $120,000 and the surrounding population within 5 miles of the property is over 300,000 people. The Purchaser will initially be acquiring the LAND LEASE of the BUILDING along with its income stream, but not the LAND “FEE” underneath the BUILDING. At the end of the LAND LEASE, the Purchaser will have the ABSOLUTE right to acquire the fee LAND position and complete the assemblage. The LAND LEASE also provides a Right of First Refusal for the land lessee to match any purchase offer, and language for the land lessee to obtain favorable financing.