Bess of Highcap Group to market 352 Motor Parkway

Hauppauge, NY David Bess, an associate broker at Highcap Group, revealed a new exclusive of a free-standing Wendy’s restaurant located at 352 Motor Parkway between Marcus Blvd. & Kennedy Dr. Built in 2005 the property houses a 2,941 s/f restaurant building on an acre (43,560 s/f) lot of land. The corporate guaranteed lease runs for another 17 years through 2032 and has one 5-year option. There is adequate on-site parking: 42 marked spaces, inclusive of 2 handicap-accessible asphalt-pave spaces. The building is fully spriklered with the fire alarm hooked into a central station. Hauppauge is a hamlet in the Town of Smithtown and in the Town of Islip in Suffolk County located within a one-hour drive from Manhattan. Surrounding retail includes Chipotle, Dunkin Donuts, Fedex, Subway, IHOP, Bertucci’s and True Value Hardware. According to Bess, “rarely does a property with this level of security of current return and future income come to market to allow an investor to defer all responsibility of day-to-day operations of the building to the tenant.” Ownership has set the asking price of $3,500,000.