Investment Overview
CAMCO Commercial Real Estate is pleased to present a rare two-building net leased retail investment on Nesconset Highway (Route 347) in Port Jefferson Station, NY. The offering totals 9,752 SF across two free-standing buildings, 100% leased to Chick-fil-A (4,668 SF) and Verizon (5,084 SF). A corporate ground lease (CFA) and a net lease (VZ) with tenants responsible for 100% of CAM and taxes. 7+ years remaining on each lease. The Route 347 corridor is one of Suffolk County's most heavily trafficked retail arteries, offering strong visibility and established consumer draw. Additional sewer density on the Verizon parcel allows for up to a 250-seat restaurant, creating meaningful long-term optionality. Never before offered to market and located in a high-barrier-to-entry submarket, this is a durable, low-touch investment opportunity for the private capital or 1031 buyer.
Investment Highlights
- Two Free Standing Buildings (9,752 SF Total)
- Chick-fil-A 4668 SF and Verizon 5084 SF
- Zoned J5
- 7+ years left on leases
- Investment-grade Verizon + Chick-fil-A corporate ground lease