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PRICE: $7,500,000 - CLICK TO VIEW
269 E. Main Street is a 23,518-square-foot two-tenant medical and fitness property offers a compelling investment opportunity. Priced at $8,000,000, the building sits on a 1.2-acre lot with 200 parking spaces and has been fully renovated as of 2022. The property is anchored by two long-term tenants: Stony Brook Medicine, a credit-rated medical tenant paying below-market rent, and FitLife Gym, which has been voted Long Island’s #1 gym in 2024. Both tenants reimburse virtually all expenses, and the combined weighted average lease term (WALT) exceeds 11 years, providing investors with stable, low-management cash flow. The property is strategically located along the heavily trafficked Montauk Highway, offering excellent visibility and access.
Property Highlights:
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Building Size: 23,518 SF
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Lot Size: 1.2 acres
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Tenancy: Two tenants (Stony Brook Medicine and FitLife Gym)
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Occupancy: 100%
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Year Renovated: 2022
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Parking: 200 spaces
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Lease Structure: NN+ (tenants reimburse virtually all expenses)
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