King Kullen Whole Book

KING KULLEN OPPORTUNITY

35 STORES LONG ISLAND, NY

Prepared for

Prepared by:

Jeffrey Cohen of
& Matthew Casey of

APRIL 2021

TABLE OF CONTENTS

I ISLAND MARKET LEADERS –OVERVIEW OF THE SUPERMARKET
INDUSTRY ON LONG ISLAND
II MAP OF KING KULLEN SUPERMARKETS ON LONG ISLAND
III OWNERSHIP & LEADERSHIP STRUCTURE
IV ARTICLES RELATED TO KING KULLEN
V NASSAU COUNTY INDIVIDUAL STORE ANALYSIS
VI SUFFOLK COUNTY INDIVIDUAL STORE ANALYSIS

APRIL 2021

Long Island Market Leaders

Rank Company 2020 2020 Sales % of 2020 2019 2019 Sales % of 2019
Stores (Millions) Market Stores (Millions) Market
1 Stop & Shop
51 $2,158.24 20.60% 51 $2,010.91 19.88%

2 Shoprite 16 $972.80 9.28% 16 $951.00 9.40%

3 Costco 8 $841.80 8.03% 8 $801.20 7.92%

4 CVS+ 140 $792.70 6.96% 140 $698.50 6.90%

5 King Kullen (Wild By Nature) 35 $655.40 6.26% 37 $660.40 6.53%

6 BJ's Wholesale Club 11 $587.30 5.61% 11 $566.30 5.60%

7 7- Eleven 271 $564.70 5.39% 271 $550.62 5.44%

8 Walmart (Neighborhood Market) 12 $490.80 4.68% 13 $500.00 4.94%

9 Krasdale 74 $459.65 4.39% 74 $454.69 4.49%

10 Target 17 $420.00 4.01% 17 $404.70 4.00%

11 Key Food 28 $350.60 3.35% 27 $326.10 3.22%

12 Walgreens (Duane Reade) 57 $344.50 3.29% 48 $288.10 2.85%

13 ASG Stores 33 $298.05 2.84% 32 $263.20 2.60%

14 Lidl (Best Market) 20 $277.10 2.64% 24 $324.10 3.20%

15 Rite Aid 54 $221.00 2.11% 64 $286.00 2.83%

16 Trader Joe's 7 $191.80 1.83% 7 $185.10 1.83%

17 Whole Foods 4 $150.40 1.44% 4 $125.00 1.24%

18 Uncle Giuseppe's 6 $105.70 1.01% 6 $104.60 1.03%

19 Stew Leonard's 2 $98.90 0.94% 2 $98.10 0.97%

20 IGA 13 $98.78 0.94% 13 $96.04 0.95%

860 $10,017.22 95.61% 865 $9,694.66 95.47%

The chart above lists the top 20 retailers in the Long Island market that sell groceries.HBC, drugs, general merchandise and tobacco products.

Volumes listed included 100% of sales for supermarkets, c-stores, and drug chains. Sales for club stores Kmart, Target and Walmart are

extrapolated to include comparable supermarket categories as explained on page 92. Counties included are:Nassau & Suffolk NY.Petroleum

sales are not included. () indicates another banner used by the company. * Stand alone CVS & in- Target pharmacies. Total food sales for the

area are : $10.5 billion Source: Food Trade News,

June 2020



King Kullen - Ownership & Leadership

Name Executives Email Address
Brian C. Cullen [email protected]
Joseph W. Brown Title [email protected]
Co-Pres
Bernard P. Kennedy Exec VP
Sr VP-Corp & Legal
Affairs

Michael Simco VP-Admin & Benefits [email protected]

Headquarter's Contact info
185 Central Ave, Bethpage, New York, 11714

(516) 733-7100 - Phone
(516) 827-6325 - Fax

About King Kullen Supermarkets
Michael J. Cullen

Born in April 1884 to Irish immigrant parents, Michael J. Cullen learned about the grocery business during his early years of employment. In
1902, at the age of 18, he worked as a clerkfor the Atlantic & Pacific Tea Co., where he worked his way up to division superintendent. After17

years, Cullen moved to the Midwest, working for Mutual Grocery Company (Illinois) and Bracey-Swift (Missouri). He next moved to the
position of General Sales Manager at Kroger Grocery & Baking Co. (Illinois). Cullen’s natural marketing talents, work experience observations

and insight in the grocery business led to his idea for mass merchandising – selling high volume at low-profit margins.

While employed as the manager of 94 small Kroger Grocery & Baking Company stores in Illinois, Cullen wrote a letter to a Kroger Vice
President, describing his ideas that would eventually revolutionize the industry. Cullen’s letter went unanswered. His letter detailed his vision

of “monstrous stores, size of same to be about forty feet wide and hundred and thirty to ahundred and sixty feet deep, and the ought to be
located one to three blocks off the high rent district with plenty of parking space, and same to be operated as a semi-self-service store –
twenty percent service and eighty percent self-service.” Undaunted, and confident in his ability to see his idea become a reality, Cullen

resigned and moved his family to Long Island.

It was there that Cullen leased a vacant garage on Jamaica Avenue in Queens, just a few blocks from a busy shopping district. On August
4th, 1930, a 46-year old Cullen opened thedoors to America’s first supermarket, King Kullen Grocery Company. The Smithsonian

Institute acknowledges King Kullen as America’s first supermarket, as it was “the first to fulfill allfive criteria that define the modern supermarket:
separate departments; self-service; discount pricing; chain marketing; and volume dealing.”

Success of the supermarket was instantaneous. People came from miles around. To the public,King Kullen was more than a convenience –
King Kullen supermarkets meant affordable food and gained recognition as the “World’s Greatest Price Wrecker.” The Food Marketing
Institute has stated that King Kullen “served as the catalyst for a new age in food retailing.” KingKullen opened its second store a few miles from
the first, on Jamaica Avenue in Bellaire, Queens. Here, the company established its first headquarters, in the building’s former garage. Within
two years of opening, there were eight King Kullen stores, each of which larger than the first location. By 1936 there were 17 King Kullen
supermarkets, withannual sales of approximately $6,000,000 annually. Although Cullen died suddenly, just 6 years after opening his first store,
King Kullen continued to grow and expand through the leadership of his wife and the support of family members. During the 1950s, the
company expanded eastward on LongIsland, where it remains firmly entrenched as Long Island’s own supermarket.

A positive relationship between management and employees has been one of the greatest contributors to the success of King Kullen. A leader
in employee relations, King Kullen surprisedthe industry by providing its employees with insurance, vacation and pay raises in the late 1930’s,
and by 1940 was firmly established as New York’s premier supermarket.

In the annals of merchandising history, Michael J. Cullen’s story stands out as one of vision, courage and tenacious perseverance. Like the
best of the innovators from our nation’s past, thecontributions he made to society during his lifetime continue to affect us to this day. Today,
three generations later, King Kullen is still family controlled and operated, remains a leader in the supermarket industry and is recognized by
the Smithsonian Institute as America’s First Supermarket. We’ve added a lot since that first store opened: pharmacies with online refills, a fresh
flower shop for fresh cut flowers, a large deli, catering and prepared foods department, a local bakery for fresh baked goods every day, and
healthy and organic offerings in every store, and we are piloting online grocery shopping (with delivery) in four of our stores. From that very first
store, we now have 32 locations in Nassau & Suffolk Counties, and we’re still going strong.

Stop & Shop to acquire King Kullen

Long Island chain credited by Smithsonian with nation’s first supermarket

Ahold Delhaize USA’s Stop & Shop plans to buy Long Island, N.Y., supermarket chain KingKullen Grocery Co. Inc.
Financial terms of the transaction weren’t disclosed. Stop & Shop said Friday that the deal includes 32 King Kullen stores, five Wild by Nature
natural/organic supermarkets and the KingKullen corporate office in Bethpage, N.Y.
King Kullen is a well-respected grocery chain in the Long Island market that has an 88-yeartradition of excellent customer service,” Stop &
Shop President Mark McGowan said in a
statement. “We look forward to bringing our quality, selection and value to more communities inNassau and Suffolk counties.”

Quincy, Mass.-based Stop & Shop said it expects to close the deal during the first quarter of2019, pending customary closing conditions.
“King Kullen is recognized by the Smithsonian Institution as the America’s first “supermarket.”Along with traditional grocery, King Kullen
stores feature a large catering and prepared foods department, fresh-baked breads and sweets, healthy and organic product areas, pharmacies and
online shopping. The company launched the Wild by Nature natural food store banner in 1995. However, the company has seen its store count
dwindle over the years amid rising competition from larger supermarket chains, big-box discounters and, more recently, online grocery services.

Currently, Stop & Shop has 51 locations on Long Island. Spokeswoman Jennifer Brogan said theretailer at this time has made no plans in terms
of King Kullen banner conversions or store

closings. “We will evaluate the stores and make these decisions in the near future,” she stated,adding that Stop & Shop also “is committed to
retaining as many associates as possible.”

"In 1930, Michael J. Cullen opened the first King Kullen and ushered in the era of the great American supermarket,” stated Brian Cullen, co-
president of King Kullen. “As a family-ownedand -operated business, we are very proud of our heritage and extremely grateful to all of our
associates and customers for their support over the years. We are confident the Stop & Shopbrand will carry on our legacy of service in the
region."

Stop & Shop’s planned purchase of King Kullen marks the second acquisition of a Long Island supermarket chain in the past six weeks. In mid-
November, German deep discount grocer Lidl announced a deal to buy Bethpage-based Best Market, which has 24 of its 27 metropolitan New
York stores on Long Island.

Frans Muller, president and CEO of Zaandam, Netherlands-based Ahold Delhaize, said in a recent interview that the company’s scale and
large U.S. footprint give it an advantage in thefragmented retail grocery market on the East Coast. He acknowledged that the company also
wouldn’t rule out the possibility of fill-in acquisitions in the U.S.

“There will be more consolidation in the industry for smaller and midsize companies, and it gives us a nice opportunity to gain share, deepen
our footprints and make our brands along theEast Coast even bigger,” he said.

Stop & Shop is Ahold Delhaize USA’s largest grocery chain. Over the next five years, plans callfor Stop & Shop to roll out a new look and
shopping experience at its 412 stores in Massachusetts, Connecticut, Rhode Island, New York and New Jersey. The brand refresh got under way
in October at 21 stores in the Hartford, Conn., area. The pilot includes a modernized store format and a new logo that reflect a more customer-
centric strategy based on convenience,particularly a wider array of fresh, fast, healthy and local food options and meal solutions.

Chainwide, 60 to 80 stores are due to be upgraded annually under the multiyear program, with capital outlays expected to total $1.6 billion to $2
billion. Stop & Shop stores on Long Island arenext in line for upgrades, starting in the spring of 2019.

Stop & Shop, King Kullen kill

acquisition deal

Companies cite coronavirus pandemic as driving‘unforeseen changes in the
marketplace’

Stop & Shop’s long-pending acquisition of Long Island, N.Y., grocer King Kullen is now a no-go.

The two chains, along with Stop & Shop parent Ahold Delhaize USA, said Wednesday that theyhave mutually decided to terminate the deal
because of “significant, unforeseen changes in the marketplace,” mainly triggered by the COVID-19 outbreak. The acquisition was announced in
early January 2019, after the agreement was signed in the previous month. Financial terms weren’t disclosed.

“Both companies have put forth an incredible amount of effort to work through unanticipated challenges that have arisen, and we regret that
we’re not able to move forward,” Stop & Shop President Gordon Reid said in a statement. “King Kullen has a strong legacy on the island, and
we wish them continued success. Stop & Shop remains committed to the Long Island community, to serving our customers in the market well,
and to investing in our associates andour stores in Nassau and Suffolk counties.”

Bethpage, N.Y.-based King Kullen currently operates 29 King Kullen supermarkets and fiveWild by Nature natural/organic grocery stores in the
metropolitan New York market of Long Island, where Stop & Shop has more than 50 stores. At the time of the acquisition deal, therewere 32
King Kullen supermarkets, but three underperforming locations were closed in the summer of 2019.

“We look forward to continuing to focus on what we do best: serving our great customers across Long Island and supporting our hard-working
store associates,” stated Brian Cullen, co-presidentof King Kullen. “We are enthusiastic about the future and well-positioned to serve Nassau
and Suffolk counties for many years to come. In short, we are here for the long term.”
Founded in 1930 by Michael Cullen, King Kullen is recognized by the Smithsonian Institution asthe America’s first “supermarket.” Along with
traditional grocery, King Kullen stores feature a large catering and prepared foods department, fresh-baked breads and sweets, healthy and
organic product areas, pharmacies and online shopping. The company launched the Wild by Nature natural food store banner in 1995.

However, King Kullen has seen its store count dwindleover the years amid intensifying competition from larger supermarket chains, big-box
discounters and, more recently, online In an update early last month, Ahold Delhaize reported that it expected to finalize the King Kullen
purchase in the second half of 2020, pending customary closing conditions. The previous timetable was for the transaction to close in the first
half of the year. When the acquisition was announced, Stop & Shop said the deal was slated to becompleted in the 2019 first quarter.

Quincy, Mass.-based Stop & Shop operates more than 400 stores in Massachusetts, Connecticut,Rhode Island, New York and New Jersey.

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F -OPENED IN JUNE 2008
1 WILD BY NATURE MARKET $190,000 12,360 $15.37 FS 5 SC ATM, BAK, BLK, BR, 8–9M– -KING KULLEN OPERATED NATURAL & ORGANIC
#204 CC, CD, CG, CH, FL,
2709 LONG BEACH ROAD & LIM-GC, EXT-GF, SAT SUPERMARKET
HARRISON AVENUE GMT, HBC, KS, EXT- 8 – 8 SUN
OCEANSIDE, N, RC, SCD, SM, -HAD STOP & SHOP SUCCESSFULLY ACQUIRED
NY11572 SPB, SS, SU, SUBS, THE KING KULLEN CHAIN, THIS STORE HAD
VIT, WS, W, LIM-GC, PLANS TO BE DISPOSED OF & LEASED TO A
GM, HMR, JB NON-FOODS USE

-A LEED GOLD CERTIFIED FOR NEW
CONSTRUCTION STORE IN 2009 – 1ST

SUPERMARKET IN STATE OF NEW YORK TO

EVER BE AWARDED SUCH CERTIFICATION

-SERVICE MEAT DEPARTMENT SHUT DOWN &
EMPTY WHEN I VISITED AT 6:00PM ON A
TUESDAY; SOUP BAR UNUSED DURING THE
COVID-19 PANDEMIC

-NICE HARDWOOD FLOORING THROUGHOUT
-OFFERS A 10% SENIOR CITIZEN DISCOUNT

EVERY DAY FOR SHOPPERS AGES 65 &
OLDER PLUS 10% FULL CASE DISCOUNT

AVAILABLE TO ALL SHOPPERS ON ALL ITEMS

-AVERAGE – GOOD OPERATIONS &

PERISHABLES

-ATTRACTIVE STORE AND DÉCOR
-85% OF PRODUCE ITEMS ARE ORGANIC
-OFFERS A 12’ DELI, 12’ SERVICE MEAT & 12’

SERVICE SEAFOOD

-EXTENSIVE SUPPLEMENTS & GLUTEN FREE
SKU’S

-BOZZUTO’S & UNFI SUPPLIED
-LOCATED ADJACENT TO WALGREENS

PHARMACY ALONG BUSY LONG BEACH ROAD

WITH TRAFFIC LIGHT CONTROLLED

INGRESS/EGRESS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G/F
2 KING KULLEN #34 $170,000 13,450 $12.64 STRIP 7 SC 2XC, ATM, BR, CC, 7 – 10 M – -OPENED IN 1974
“FRANKLIN PLAZA” CH, CS, FL, LIM-GC, SAT -MINOR DÉCOR & OTHER UPGRADES
206 NEW HYDE PARK ROAD GF, LIM-GY, KS, LT, 7 – 9 SUN
& TULIP AVENUE LIM-N, OL, RC, LIM- COMPLETED DURING THE 2000’S
FRANKLIN WS, LIM-GM, BT, CD, CURRENT -CURRENT LEASE EXPIRES ON JULY 31, 2022
SQUARE, NY 11010 LIM-BM HOURS AS
OF 5/17/20: WITH NO OPTIONS REMAINING (CURRENT
ANNUAL RENT IS $362,967)
7 – 9: -OLDER, SMALLER, 20,125 TOTAL SQUARE
7 DAYS
FOOT STORE

-CLEAN & WELL MAINTAINED
-TRAFFIC LIGHT CONTROLLED

INGRESS/EGRESS
-TOTAL STORE CAPTURED $9,342,880 IN THE

52 WEEKS ENDED NOVEMBER 22, 2018, OR
$180,000 PER AVERAGE WEEK
-BASIC NEIGHBORHOOD STORE WITH FEWER
EXTRA AMENITIES; DULL, BLAND, NON-

DESCRIPT

-STRONGLY PROMOTING LOCALLY GROWN

PRODUCE

-PRODUCE & MEAT DEPARTMENTS BOTH
AVERAGE ABOUT 12% OF TOTAL STORE

SALES

-NOW ACCEPTING APPLE PAY & G PAY
-INCLUDES A 24’ COLD DELI THAT OFFERS 12’

OF ATTRACTIVE SALADS & ENTREES AND
FEATURES THE BOAR’S HEAD PRODUCT LINE
-STRONGLY PROMOTING DOUBLE
MANUFACTURERS’ COUPONS SAVINGS
-THIS 45,055 GLA STRIP CENTER HOUSES RITE
AID PHARMACY, CARDS 4 LESS, FRANKLIN
SQUARE BAGELS, BASKIN ROBBINS, INSIGHT
HAIR SALON, MEMORY NAIL, OLIVETTO’S
PIZZERIA RISTORANTE, & SMALL SHOPS; 203

PARKING SPOTS TOTAL

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
P -OPENED AS KING KULLEN CIRCA 1981;
3 KING KULLEN #14 $235,000 13,825 $17.00 STRIP 7 SC 2XC, ATM, BR, BT, 7 – 11 M –
1765 PENINSULA CD, CG, CH, CS, FL, SAT ANOTHER SUPERMARKET WAS HERE PRIOR
BOULEVARD LIM-GC, KF, KS, LIM- 7 – 9 SUN
& ROCKAWAY BOULEVARD N, RC, WS, GF, LIM- -20,137 TOTAL SQUARE FOOT STORE
BAK, LIM-GY, LT, CURRENT -INTERIOR REMODEL COMPLETED IN 2006
HEWLETT, NY 11557 LIM-HMR HOURS
(AS OF INCLUDED A NEW DÉCOR PACKAGE, EXPANDED
5/17/20): DAIRY, MEATS, ETC.
-VERY GOOD OPERATIONS & PERISHABLES
7 – 9: -ATTRACTIVE DELI FEATURES THE BOAR’S HEAD
7 DAYS PRODUCT LINE IN A 32’ DELI CASE, 20’ OF
WHICH INCLUDES SALADS & ENTREES; DELI
DEPARTMENT REPRESENTS 10% OF SALES
-BLAND, BASIC STORE
-LIMITED BAKERY IN THIS KING KULLEN
-THE KING KULLEN CHAIN IS BOZZUTO’S

SUPPLIED

-NO LOYALTY CARD NEEDED AT KING KULLEN
-AVERAGED $26,000 IN THE PRODUCE

DEPARTMENT IN 2019 (HIGHER IN SUMMER);
DOWN FROM $29,000 WEEKLY IN 2014
-VERY SPACE EFFICIENT
-AVERAGE PRICING OVERALL
-AVERAGE WEEKLY SALES 52 WEEKS ENDED
NOVEMBER 22, 2018 WAS $245,740
-SALES PRE COVID-19 WERE ABOUT $235,000
PER WEEK; PEAK COVID-19 UP TO $325,000;
NOW BACK TO $240,000
-ANNUAL RENT = $463,151, OR $20.00 PER

SQUARE FOOT

-LEASE TERM EXPIRES ON JUNE 29, 2021; NO

OPTIONS AVAILABLE

-THIS STORE WAS TO BE DISPOSED OF DURING
STOP & SHOP ACQUISITION & ACQUIRED BY
PSK SUPERMARKETS, LLC (KATZ FAMILY
OPERATED FOODTOWNS)

-MANAGER ESTIMATES 40% JEWISH TRADE
-VACANT, FORMER CHASE BANK IN MIDDLE OF

THE PARKING LOT IMPACTS KING KULLEN’S
PARKING & VISIBILITY
-EIGHT SMALL SATELLITE RETAILERS INCLUDE A
LAUNDROMAT, PIZZERIA, MAGIC BAGELS,
LIQUORS, ½ OFF CARDS, LITTLE FU’S CHINESE,
& OTHERS IN THIS FULLY LEASED STRIP

CENTER

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F -ORIGINALS “HILLS” SUPERMARKET; LATER
4 KING KULLEN #46 $240,000 26,680 $9.00 FS/ 11 SC CD, CH, BR, BT, GC, 6 - 11 M - TRADED AS “BOHACKS”
598 STEWART AVENUE & NSC (INC. 4 ATM, FL, CC, 2XC, SAT
BENKERT STREET SELF BAK, CS, LIM-WS, 7 - 9 SUN -OPENED AS KING KULLEN CIRCA 1983-84
BETHPAGE, NY SCAN) RC, KF, LIM-GY, RX, -INTERIOR REMODEL COMPLETED FOR A MAY
11714-2702 ATM, N, KS, LIM-
HMR, LIM-GM, 20, 1995 GRAND REOPENING
SUBS, $, LIM-BM, -EXPANSION & MAJOR REMODEL COMPLETED
CG, LIM-CB, JB, GF,
W, LT FOR A LATE AUGUST 2004 GRAND
REOPENING; ADDED A PHARMACY, FULL
SERVICE BAKERY, NEW DÉCOR PACKAGE,

OTHER SIGNIFICANT UPGRADES

-WAS AVERAGING $240,000 - $250,000 PRE
COVID-19 PANDEMIC; NOW AVERAGING IN
THE $350,000 PER WEEK RANGE

-DULL, BLAND, NON-DESCRIPT UNIT
-CLEAN, ATTRACTIVE, VERY WELL PRESENTED
-PHARMACY AVERAGES ONLY ABOUT 200 -

220 PRESCRIPTIONS FILLED WEEKLY, OR
$15,000+/- PER WEEK
-DOUBLE MANUFACTURERS’ COUPON SAVINGS
UP TO AND INCLUDING $1.00
-OLDER CUSTOMER BASE
-VERY MARGINAL STORE BASED ON A DOLLARS
PER SELLING SQUARE FOOT, OR

PRODUCTIVITY RATIO

-OFFERS A 40’ COLD DELI FEATURING THE
BOAR’S HEAD PRODUCT LINE

-KING KULLEN CORPORATE HEADQUARTERS

LOCATED ONLY A COUPLE BLOCKS AWAY

-FREESTANDING KING KULLEN; ADJACENT
OLDER, TIRED SHOPPING CENTER ALSO
INCLUDES BETHPAGE WINE & LIQUORS,
BARBER SHOP, PIZZERIA, CARVEL,
CARD$MART, ISLAND SMOOTHIE, CHAMPIONS
MARTIAL ARTS, PAGE CLEANERS, DAVID’S
JEWELRY, SUSHI TIME 560, AND A FEW OTHER
SMALL, WEAK COTENANTS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F/G -OPENED AS KING KULLEN IN 1975
5 KING KULLEN #7 $335,000 20,740 $16.15 FS 11 SC 2XC, ATM, BAK, LIM- 7 - 11 M - -FORMER BOHACK’S SUPERMARKET
1340 WANTAGH AVENUE & (INC. 4 BM, BR, BT, CC, CD, SAT -EXPANDED FROM 15,200 TO 20,740 SELLING
HOMESTEAD AVENUE SELF CG, CH, CS, FL, GC, 7 - 9 SUN
SCAN) LIM-GM, HD, LIM- SQUARE FEET & MAJOR REMODEL
WANTAGH, NY 11793 HMR, JB, KF, KS, COMPLETED IN LATE 1998
RC, SS, WS, LT, LIM- -KING KULLEN OWNS THIS PROPERTY
OB, LIM-CB, LIM-GY -LAST MINOR UPGRADES COMPLETED CIRCA
2007
-DULL, BLAND, NON-DESCRIPT
-VERY CLEAN, WELL PRESENTED &

MERCHANDISED

-STRONG PERISHABLES
-OLDER CUSTOMER BASE
-PLENTIFUL “LOW PRICE” SIGNAGE, BUT IS

ACTUALLY HIGHER PRICED

-ENJOYS TRAFFIC LIGHT CONTROLLED
INGRESS/EGRESS VIA WANTAGH AVENUE

-DOUBLE COUPON SAVINGS TO $1.00
-INCLUDES A 32’ COLD DELI FEATURING THE

BOAR’S HEAD PRODUCT LINE, 18’ OF SERVICE

SEAFOOD

-NO PHARMACY IN THIS KING KULLEN

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

6 KING KULLEN #50 $455,000 26,665 $17.06 FS/ F 12 SC 2XC, ATM, BAK, LIM- 6 MON – 12 -VERY WELL ESTABLISHED UNIT
“BELLMORE SHOPPES”
27-30 SUNRISE HIGHWAY STRIP (INC. 4 BM, BR, BT, LIM-CB, SAT: -MINOR REMODEL COMPLETED IN 1993
(ROUTE 27) &
BEDFORD AVENUE SELF CC, CH, CP, CS, FL, 24 HOURS -$6 - $7 MILLION MAJOR REMODEL & SALES
BELLMORE, NY SCAN) GC, GF, GMT, GY,
11710 7 – 10 SUN AREA EXPANSION INTO BACK ROOM SPACE

HMR, KF, KS, LT, N, COMPLETED IN OCTOBER 2005

OB, RC, SPB, SS, CURRENT -VERY CLEAN, BRIGHT, EXTREMELY WELL

SUBS, WS, WV, GM, HOURS: OPERATED & PRESENTED

JB, SU, CG -STRONG PERISHABLES, ESPECIALLY THE

7 – 10: PRODUCE DEPARTMENT THAT AVERAGES

7 DAYS 15% - 16% OF TOTAL STORE SALES
-24’ SERVICE SEAFOOD OFFERS A WEAK

PRESENTATION

-IMPRESSIVE 36’ DELI FEATURES BOAR’S HEAD

PRODUCT LINE AND MANY SALADS & ENTRÉES

-GREAT SERVICE LEVELS THROUGHOUT STORE

-NO PHARMACY IN THIS KING KULLEN

-ADJACENT 79,000 GLA SHOPPING CENTER

ACROSS THE PARKING LOT INCLUDES LIQUOR,

RITE AID PHARMACY, NAILS & RELAXATION

SPA, PICCOLO ITALIAN RESTAURANT, JERSEY
MIKE’S SUBS, ISLAND FEDERAL CREDIT UNION,

WING ZONE, T MOBILE, PAK MAIL, AND OTHER

SMALL SHOPS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
VG
7 KING KULLEN #56 $580,000 35,130 $16.51 FS/ 14 SC 2XC, ATM, BAK, BM, 6 M - 12 -ON-SITE REPLACEMENT OF AN OLD 14,250
“KING KULLEN SHOPPING NSC (INC. 4 BR, BT, CC, CD, CH, SAT:
CENTER” SELF CP, CS, FL, GC, 24 HOURS SELLING SQUARE FOOT KING KULLEN THAT
231 W. MERRICK ROAD & SCAN) GMT, GY, HMR, LIM- 7 - 10 SUN
PFLUG PLACE KF, LT, N, RC, SS, OPENED IN THIS BUILDING IN 2004
VALLEY STREAM, SUBS, WV, GF, BNK, CURRENT -BUSY WEEKEND STORE WITH VERY GOOD
NY 11580 KS, $, HD, GM, OB, HOURS:
LIM-STS, LIM-INT, OPERATIONS
LIM-CB, WS 7 – 10:
7 DAYS -#4 VOLUME STORE IN THE CHAIN; #2 OR #3 IN

MEAT DEPARTMENT SALES

-BAKERY DEPARTMENT IS THE HIGHEST VOLUME
IN THE COMPANY AT $22,000 - $23,000 PER

AVERAGE WEEK

-THIS STORE WAS AVERAGING HIGH $500,000’S
TO ALMOST $600,000 PER WEEK PRE COVID-
19 PANDEMIC; SALES REACHED UP TO
$800,000+/- DURING PEAK PANDEMIC WEEKS;
NOW AVERAGING IN THE HIGH $600,000’S

-UNIQUE INTERIOR LAYOUT; VERY CLEAN &

WELL PRESENTED

-INCLUDES SOUL FOOD, ASIAN – THAI, KOSHER,

AND GERMAN FOODS

-EXCELLENT PERISHABLES INCLUDING A 40’
COLD DELI CASE, BAKERY & MEAT VARIETY

-POSITIONED IN THE REAR OF THE CENTER WITH
NO VISIBILITY FROM W. MERRICK ROAD, YET

STORE IS VERY WELL ESTABLISHED

-DEEP STORE WITH SPLIT AISLES
-DIVERSE CUSTOMER BASE
-INCLUDES AN IN-STORE BETHPAGE FEDERAL

CREDIT UNION

-THIS SHOPPING CENTER ORIGINALLY OPENED
IN 1963 & TODAY INCLUDES LUCILLE ROBERTS,
PET SUPPLIES “PLUS”, CARDS FOR LESS,
DUNKIN’ DONUTS, POPEYES, GAMESTOP,
JENNY CRAIG, ANGEL TIPS, FAMOUS BRANDS, &

OTHER SMALL SHOPS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G/F -OPENED ON DECEMBER 13, 2012
8 KING KULLEN #53 $440,000 28,860 $15.25 STRIP 12 SC $, ATM, BAK, BR, 7 – 12 M – -THIS IS THE NEWEST “BUILT FROM THE
“BARNUM LANDING” (INC. 4 CC, CD, CH, CP, CS, SAT
4601 AUSTIN BOULEVARD & SELF FL, GC, GF, GY, HD, 7 – 9 SUN GROUND UP” STORE IN THE COMPANY
RAILROAD PLACE SCAN) KF, KS, LIM-N, OB, -40,000+/- TOTAL SQUARE FEET
RC, SPB, SU, WB, CURRENT -SALES INCREASE ABOUT 10% IN SUMMERTIME
ISLAND PARK, NY WS, 2XC, BT, OL, HOURS:
SUBS, LIM-HMR, BM, DUE TO NEARBY BEACHES & SUMMER HOMES
11558 GM, LIM-WV, LIM- 7 – 10 M – -STORE AVERAGED $440,000 WEEKLY PRE
CB, JB, CG SAT
7 – 9 SUN COVID-19 PANDEMIC ($480,000+ SUMMER
WEEKS); $800,000’S PEAK COVID-19
WEEKS; $660,000+/- WEEKLY CURRENTLY
-EXCELLENT STORE CONDITIONS &

PERISHABLES

-NO SERVICE SEAFOOD OR PHARMACY HERE
-OFFERS AN IMPRESSIVE 36’ DELI INCLUDING

24’ OF SALADS & ENTREES AND FEATURES
THE BOAR’S HEAD PRODUCT LINE, GRAB & GO

CASES

-DOUBLE MANUFACTURERS’ COUPON SAVINGS
UP TO $1.00 AT ALL KING KULLENS

-BOZZUTO’S SUPPLIED
-FULLY LEASED STRIP CENTER ALSO INCLUDES

A DANCE STUDIO, LIQUOR-WINE WAREHOUSE,
PET VALU, PANERA BREAD, 4 SMALL SHOPS +
WENDY’S ON A PAD

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G/F
9 KING KULLEN #17 $620,000 27,580 $22.48 FS 15 SC 2XC, ATM, BAK, BM, 6:30 MON – -OPENED IN 1996
127 SUNRISE HIGHWAY (INC. 4 BR, BT, CC, CD, CH, 12 SAT: -SOME NEW CASES & DÉCOR CHANGES MADE
(ROUTE 27) & SELF CP, CS, FL, GC, GF, 24 HOURS
N. CENTRE AVENUE SCAN) LIM-GM, GY, HBC, 7 – 10 SUN HERE SINCE OPENING
ROCKVILLE LIM-HD, HMR, LIM-
CENTRE, NY 11570 KF, KS, LT, N, RC, CURRENT -TOP THREE VOLUME UNIT IN THE COMPANY
SS, SU, WS, LIM-WV HOURS AS (BRIDGEHAMPTON, NY IS #1; GARDEN CITY
OF 5/26/20: PARK STORE IS ALSO IN THE TOP 3)

7 – 10: -AVERAGED $620,000+/- PER WEEK PRE
7 DAYS COVID-19 PANDEMIC; SALES INCREASED TO
THE $1 MILLION PER WEEK RANGE DURING
PEAK COVID-19; CURRENTLY AVERAGING IN
THE LOW $700,000’S

-HIGH PROFILE ROUTE 27 LOCATION &

INTERSECTION

-EXCELLENT OPERATIONS & PERISHABLES
-GREAT BAKERY PRESENTATION
-OFFERS A STRONG 40’ COLD DELI FEATURING

THE BOAR’S HEAD PRODUCT LINE & 20’ OF

SALADS

-INCLUDES 20’ SERVICE SEAFOOD WITH
LOBSTER TANK, EXTENSIVE PRODUCE DEPT.

-PROMOTING DOUBLE MANUFACTURERS’
COUPON SAVINGS UP TO $1.00

-HOME DELIVERY ON TUESDAY & SATURDAY
ONLY; CUSTOMER SHOPS, KING KULLEN
DELIVERS FOR AN $8 FEE

-NO PHARMACY IN THIS KING KULLEN
-STRONGLY PROMOTING LOCALLY GROWN

LONG ISLAND PRODUCE & FARMERS WITH IN-
STORE SIGNAGE & IN ITS WEEKLY AD
-THE ELEVATED LONG ISLAND RAILROAD RUNS

BESIDE THIS STORE

-ACCEPTS COMPETITORS’ COUPONS
-BOZZUTO’S SUPPLIED IN THE GROCERY

DEPARTMENT

-LOCATED NEAR ROCKVILLE CENTRE’S

BUSINESS DISTRICT

-FREESTANDING KING KULLEN WITH A 24 HOUR
CVS/PHARMACY (PRE COVID-19; NOW
CLOSES AT MIDNIGHT) ON PAD & HAMPTON

INN HOTEL BEHIND THE STORE

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G
10 KING KULLEN #39 $595,000 33,910 $17.55 NSC 13 SC 2XC, ATM, BAK, BB, 6 – 12 M – -FORMER PATHMARK #632 THAT OPENED ON
“THE POINT AT GARDEN CITY (INC. 4 LIM-BM, BR, BT, CC, SAT JANUARY 4, 1981 & CLOSED ON OCTOBER
PARK” SELF CD, CH, CP, CS, FL, 6 – 10 SUN 13, 2010
2305 JERICHO TURNPIKE & SCAN) GC, GF, GM, GMT,
NASSAU BOULEVARD GY, HD, HMR, KS, CURRENT: -NEARBY REPLACEMENT STORE FOR KING
LT, EXT-N, OB, OL, KULLEN THAT OPENED HERE IN 2011 AFTER
GARDEN CITY RC, SS, STS, WB, 7 – 10: COMPLETING A $7 MILLION RENOVATION
WS, KF, SU, JB, CG, 7 DAYS
PARK, NY 11040-4709 $ -51,421 TOTAL SQUARE FOOT STORE
-VERY WELL ESTABLISHED IN THE AREA FOR

SEVERAL DECADES

-TRAFFIC LIGHT CONTROLLED
INGRESS/EGRESS VIA NASSAU BOULEVARD

-ONE OF THE TOP THREE VOLUME STORES IN
THE CHAIN (BRIDGEHAMPTON, NY IS #1)

-SALES NOW IN THE HIGH $600,000’S DUE TO
COVID-19 PANDEMIC

-EXCELLENT OPERATIONS & PERISHABLES
-OFFERS AN ATTRACTIVE, 36’ DELI FEATURING

THE BOAR’S HEAD PRODUCT LINE, 24’ SALADS
& ENTREES; ALSO OFFERS 12+’ OF SERVICE

SEAFOOD

-VERY CLEAN & WELL MERCHANDISED STORE
-OFFERS AN EXTENSIVE “WILD BY NATURE”

NATURAL FOODS DEPARTMENT THAT

INCLUDES 8 DOORS OF DAIRY & FROZEN

FOODS

-NO PHARMACY IN THIS KING KULLEN
-ONLINE SHOPPING & DELIVERY SERVICE

OFFERED HERE FOR PICK UP & HOME

DELIVERY

-RECENTLY REMODELED, 100% LEASED &

OCCUPIED PLAZA ALSO INCLUDES ACE

HARDWARE, FIVE GUYS, CARDS & GIFTS,
JERICHO WINES & LIQUORS, ROYAL BEAUTY
SUPPLY, JERSEY MIKE’S SUBS, ORANGE
THEORY FITNESS, SUSHI YA HIBACHI, NEW
GARDEN SPA, & A FEW OTHERS + CITIBANK

ON A PAD

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G/F
11 KING KULLEN #11 $260,000 29,575 $8.79 NSC 12 SC CD, BAK, CH, BR, 7 – 11 M – -SITE OF ORIGINAL FINAST SUPERMARKET
“LEVITTOWN PLAZA” (INC. 4 BT, SS, WS, FL, GC, SAT THAT OPENED HERE IN 1948; CHILD WORLD
3284 HEMPSTEAD TURNPIKE SELF CC, CG, RX, ATM, 7 – 9 SUN & WALGREENS OCCUPIED THIS SPACE PRIOR
(ROUTE 24) & SCAN) HD, 2XC, RC, CS,
JERUSALEM AVENUE SUBS, BNK, KS, $, CURRENT TO KING KULLEN
GM, LIM-BM, CP, KF, HOURS AS
LEVITTOWN, NY LIM-GY, LIM-N, LT, OF -KING KULLEN OPENED HERE IN JANUARY 1994
OL, JB, LIM-WV, CS, 5/26/2020: -IN-STORE BETHPAGE FEDERAL CREDIT UNION
11756 LIM-CB
7 – 10 M – CLOSED IN MARCH 2020 DUE TO COVID-19
SAT
7 – 9 SUN AND IS STILL CLOSED TODAY

-THE LEASE FOR THIS 454 SQUARE FOOT IN-

STORE BETHPAGE FEDERAL CREDIT UNION

EXPIRES ON DECEMBER 31, 2020, WITH TWO
1 YEAR OPTIONS; CURRENT RENT = $48,414
-WAS TO BE DIVESTED TO A NON-FOODS USER
IN ABORTED STOP & SHOP ACQUISITION
-48,511 TOTAL SQUARE FOOT FACILITY

INCLUDES LARGE BACK ROOM SPACE

-ACTUAL AVERAGE WEEKLY SALES FOR THE 52
WEEKS THAT ENDED NOVEMBER 22, 2018
WAS $299,353, INCLUDING 488
PRESCRIPTIONS, OR ABOUT $34,000 IN THE

PHARMACY DEPARTMENT

-CURRENT ANNUAL RENT = $614,739
-CURRENT LEASE EXPIRES DECEMBER 31,

2023, WITH TWO 5-YEAR OPTIONS (RENT
INCREASES IN EACH OPTION PERIOD)
-GOOD PRESENTATION IN GROCERY &

PERISHABLE DEPARTMENTS

-BASIC OLDER KING KULLEN, YET WELL

MAINTAINED

-HOME DELIVERY AVAILABLE
-VOLUME LISTED INCLUDES A WEEKLY

AVERAGE OF $35,000 IN THE PHARMACY
DEPARTMENT (OPEN 7 DAYS)
-OFFERS A 32’ COLD DELI; 12’ SERVICE

SEAFOOD

-DOUBLE COUPON SAVINGS TO $1.00
-SUFFERED A 10% IMPACT FROM THE JULY

2013 OPENING OF WALMART NEIGHBORHOOD
MARKET OF LEVITTOWN, MOSTLY IN ‘CENTER
STORE’ OR GROCERY DEPARTMENT;

PERISHABLES BARELY IMPACTED

-THIS SHOPPING CENTER ALSO INCLUDES
STARBUCKS COFFEE, RED MANGO, DORTONI
BAKERY, DENTAL 365, VISIONWORKS, CITY
MD URGENT CARE, BRITTANY BEAUTY
ACADEMY, A FLORIST, & OTHERS; ULTRA GAS

STATION ON A FRONT PAD

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F -OPENED AS KING KULLEN CIRCA 2007;
12 KING KULLEN #55 $470,000 37,450 $12.55 NSC 13 SC $, 2XC, ATM, BAK, 6 – 11 M – PREVIOUS STOP & SHOP SUPERMARKET
“SOUTHGATE SHOPPING (INC. 4 BR, BT, CC, CG, CH, SAT
CENTER” SELF CP, FL, GC, GF, LIM- 7 – 9 SUN -TYPICAL DARK & BLAND KING KULLEN DÉCOR
4938 MERRICK ROAD & SCAN) GM, LIM-GY, HBC,
WHITEWOOD DRIVE LIM-HMR, LIM-KF, CURRENT PACKAGE
MASSAPEQUA KS, LT, EXT-N, OB, HOURS:
PARK, NY 11762 RC, SPB, SS, WB, -WAS AVERAGING APPROXIMATELY $470,000
WS, CD, LIM-CB, JB, 7 – 10 M – PER WEEK PRE COVID-19 PANDEMIC;
SU, BM SAT
7 – 9 SUN CURRENTLY AVERAGING IN THE HIGH

$500,000’S PER WEEK
-IMPRESSIVE 24’ SERVICE SEAFOOD

DEPARTMENT AND 40’ COLD DELI THAT
FEATURES THE BOAR’S HEAD PRODUCT LINE
-CENTER STORE “WILD BY NATURE MARKET”
NATURAL FOODS DEPARTMENT INCLUDES 25
DOORS OF DAIRY & FROZEN FOODS, BULK
FOODS, GLUTEN FREE PRODUCTS, & A 28’

OFFERING OF ORGANIC PRODUCE

-USUAL HIGHER GROCERY & HBC PRICES
-AN UNPROFITABLE STORE WITH RATHER HIGH

RENT

-NO PHARMACY IN THIS KING KULLEN
-THIS ALMOST FULLY LEASED CENTER

INCLUDES DAVIS VISIONWORKS, THE UPS
STORE, CARD MART, ASIAN MOON, WINE &
LIQUOR, HUNGTINGTON LEARNING CENTER,
PROHEALTH URGENT CARE, THE UPS STORE,
TROPICAL SMOOTHIE CAFÉ, SUPERCUTS,
MASSAGE ENVY SPA, ORANGE THEORY
FITNESS, U.S. POST OFFICE, SCOT TRADE,
SMALL SHOPS & OFFICES + CHASE BANK &

CAPITAL ONE BANK ON PADS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F -ORIGINAL PERGAMENT SUPERMARKET, THEN
13 KING KULLEN #52 $290,000 27,730 $10.46 NSC 10 SC ATM, BAK, BM, BR, 7 – 11 M –
77 FOREST AVENUE & CC, CD, CH, CP, CS, A FARMERS MARKET
WALNUT ROAD FL, GC, GF, LIM-GM, SAT
GLEN COVE, NY GY, LIM-HMR, KS, 7 – 9 SUN -OPENED AS KING KULLEN ON DECEMBER 9,
11542 LB, LT, EXT-N, OB, 2002
RC, SS, SU, WS, 2XC
-VERY GOOD OPERATIONS & PERISHABLES;

VERY CLEAN STORE

-UNUSUAL SHAPED SELLING AREA
-OFFERS A STRONG 36’ DELI FEATURING THE

BOAR’S HEAD PRODUCT LINE
-ALSO OFFERS AN EXTENSIVE NATURAL FOODS

DEPARTMENT

-USUAL KING KULLEN PRICING & PROMOTIONS

HERE

-SERVES AN OLDER CUSTOMER BASE
-EDWARD’S AND STOP & SHOP ONCE

OPERATED ON THE OTHER END OF THIS

PLAZA, BEFORE KING KULLEN
-NEIGHBORHOOD CENTER INCLUDES

WALGREENS, VERIZON, NAIL & SPA, BAGEL
CAFÉ, VITO’S PIZZERIA, ONE VACANCY

matthew p. casey & associates, inc. May 2018

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

14 KING KULLEN #8 $460,000 23,495 $19.58 FS/NSC P 12 SC 2XC, ATM, BAK, LIM- 7 - 12 M - -BUILT FROM THE GROUND UP & OPENED ON
“MANHASSET CENTER” (INC. 4 BLK, BR, BT, CC, CD, SAT JANUARY 30, 2004
1430 NORTHERN SELF CG, CH, CP, CS, FL, 7 - 10 SUN
BOULEVARD (ROUTE 25A) & SCAN) GC, LIM-GY, JB, KS, -37,570 TOTAL SQUARE FOOT STORE
SHELTER ROCK ROAD N, OB, RC, SM, SPB, -VERY CLEAN & VERY WELL PRESENTED
SS, SU, WS, LT, HD -GREAT PERISHABLES PRESENTATION
MANHASSET, NY -INCLUDES A 40’ COLD DELI (FEATURING THE

11030 BOAR’S HEAD PRODUCT LINE), 18’ SERVICE
SEAFOOD A 12’ SERVICE MEAT COUNTER
-UPSCALE NEIGHBORHOOD; HIGH PRICED

STORE

-POOR VISIBILITY & EXPOSURE, SET IN REAR

OF SHOPPING CENTER

-NORTHERN BOULEVARD IS A VERY STRONG,

UPSCALE RETAIL ROAD

-POOR PARKING IMPAIRS THIS STORE’S TRUE

VOLUME POTENTIAL

-BOZZUTO’S SUPPLIED
-OFFERS DOUBLE COUPON SAVINGS UP TO $1

(COMPETITION IS UP TO 99¢)
-THIS 188,608 GLA SHOPPING CENTER ALSO

INCLUDES NORDSTROM RACK, DSW SHOES,
MARSHALLS, STAPLES, MICHAELS CRAFTS,
MEDICAL OFFICES, OTHERS; LORD & TAYLOR

TRADES DIRECTLY ACROSS SHELTER ROCK

ROAD

matthew p. casey & associates, inc. May 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
-OPENED AS WILD BY NATURE IN NOVEMBER, 1995;
15 WILD BY NATURE MARKET $170,000 13,588 $12.51 STRIP P/F 5 SC BAK, CH, BR, BT, 8-9M-
#201 SM, SS, FL, CC, SAT KING KULLEN OPERATED
“WEST CENTER” CG, SB, JB, ATM, 8 - 8 SUN
198 MAIN STREET BLK, WS, CB, EXT- -FORMER OLD, TIRED KING KULLEN FACILITY RE-
(ROUTE 25A) & HMR, HCD, RC,
AUGUST STREET SPB, SU, EXT-N, DEVELOPED INTO HEALTH ORIENTED STORE
E. SETAUKET, NY GMT, EXT-HBC,
11733 GC, WOK, EXT-GF, -HIGH INCOME CLIENTELE
LIM-BM, EXT-VIT, -EXCELLENT OPERATIONS & SERVICE LEVELS
SCD, OL, HD, W, -THE OLDEST WILD BY NATURE STORE
CS, LIM-GM -VERY MUCH “WHOLE FOODS-LIKE” IN PRESENTATION,

INCLUDING STRONG HEALTH & BEAUTY CARE
SECTION & PERISHABLES
-10% SENIOR CITIZEN DISCOUNT EVERY DAY FOR
SHOPPERS AGE 65 AND OVER
-15% OF TOTAL VOLUME IS IN HBC & SUPPLEMENTS
-PROFITABLE STORE
-HOME DELIVERY AVAILABLE WITHIN ONE HOUR VIA

INSTACART

-INCLUDES A 16’ COLD DELI, 6’ HOT FOODS, AND 12’

OF SERVICE MEAT

-VERY SPACE EFFICIENT
-IN-STORE AD GOOD FOR 4 WEEKS
-OFFERS A “WILD CARD” & 10% FULL CASE DISCOUNT

ON GROCERY ITEMS AT ALL WILD BY NATURE UNITS

-ADJACENT TO A VACANT, FORMER KING KULLEN;

SHARES TRAFFIC LIGHT CONTROLLED

INGRESS/EGRESS AND CROSS-EASEMENT WITH
ADJACENT HIGH VOLUME STOP & SHOP
-THIS CENTER ALSO INCLUDES SV DINER, CARDS &
GIFTS, PURE BARRE, WALGREENS (FORMER RITE AID
PHARMACY), AT&T, STARBUCKS COFFEE, & OTHERS

matthew p. casey & associates October 2020

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
-ORIGINAL “BLUE JAY SUPERMARKET” THAT KING
16 KING KULLEN #57 $320,000 20,110 $15.91 FS F 9 SC 2XC, ATM, BAK, 7 - 11 M - KULLEN ACQUIRED IN THE 1960’S
472 LAKE AVENUE & LIM-BM, BR, BT, SAT
2ND STREET LIM-CB, CC, CD, 7 - 9 SUN -EXPANSION AND MAJOR REMODEL COMPLETED FOR
ST. JAMES, NY 11780 CG, LIM-CH, CS, A DECEMBER 3, 1995 GRAND REOPENING
FL, GC, GF, LIM-
GM, LIM-GY, JB, -OLD FACILITY IN EXCELLENT REPAIR
LIM-KF, KS, N, RC, -LOCATED IN QUAINT LITTLE DOWNTOWN ST. JAMES
SS, WS, LIM-HMR, -LACKS IMMEDIATE COMPETITION
LT -AFFLUENT DEMOGRAPHICS
-BOZZUTO’S SUPPLIED
-STRONG 36’ COLD DELI FEATURES THE BOAR’S HEAD

PRODUCT LINE; ALSO INCLUDES 12’ OF SERVICE

SEAFOOD

-PRODUCE DEPARTMENT AVERAGES HIGH $30,000’S
(NON-SUMMER) TO HIGH $40,000’S (SUMMER) PER
WEEK; MEAT DEPARTMENT AVERAGES IN THE MID
$30,000’S WEEKLY

-ALL KING KULLEN STORES DOUBLE
MANUFACTURERS’ COUPONS UP TO $1

-VERY LOYAL CUSTOMER BASE
-LOCATED ACROSS FROM ST. JAMES COMMUTER

TRAIN STATION

matthew p. casey & associates October 2020

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

17 KING KULLEN #19 $260,000 29,860 $8.71 FS G 13 SC CD, BAK, CH, BR, 7 - 10 M - -OPENED HERE ON DECEMBER 17, 1995; REPLACED
275 W. JERICHO TURNPIKE (INC. 4 BT, SS, WS, FL, GC, SAT AN OLD, SMALLER STORE SOUTH ON ROUTE 110
(ROUTE 25) & SELF BM, CC, ATM, RC, 7 - 9 SUN
W. HILLS ROAD SCAN) CS, 2XC, SPB, LIM- -45,749 TOTAL SQUARE FOOT SUPERMARKET
HUNTINGTON HMR, GM, KS, KF, -MAJOR REMODEL COMPLETED IN 2004
STATION, NY 11746- N, GY, GF, LIM-WV, -ANOTHER MINOR UPGRADE, INCLUDING CEILING &
7309 $, OB, SUBS, LB
LIGHTING IMPROVEMENTS COMPLETED IN 2008
-GOOD OPERATIONS & FACILITY, BUT LACKS

“PIZZAZZ,” OR PERSONALITY
-OLD, DATED EXTERIOR FAÇADE NEEDS PAINTING
-SALES ARE DOWN VERSUS A 2018 AVERAGE OF

$330,000 PER WEEK
-AVERAGED IN THE MID-$200,000’S PRE COVID-19;

CURRENTLY AVERAGING ABOUT $280,000/WEEK
-LEASE TERM EXPIRED ON MAY 31, 2020; NOW IN

THE FIRST OF FOUR 5-YEAR OPTION PERIODS
-BOZZUTO’S SUPPLIED IN GROCERY
-STRONG PERISHABLES DEPARTMENTS (PRODUCE

DEPARTMENT AVERAGES 15% - 15.5% OF TOTAL
STORE SALES), EXCEPT FOR A WEAK DELI
-INCLUDES A 32’ COLD DELI FEATURING THE BOAR’S

HEAD PRODUCT LINE

-ALL KING KULLEN SUPERMARKETS OFFER DOUBLE
MANUFACTURERS’ COUPON SAVINGS UP TO $1.00

-INCLUDES A SMALL, GATED, UNDERGROUND
(EMPLOYEE) PARKING LOT

-SALES SIGNIFICANTLY IMPACTED WHEN UNCLE
GIUSEPPE’S OPENED IN MELVILLE IN LATE
NOVEMBER 2017

-A FREESTANDING SUPERMARKET WITH RITE AID
PHARMACY, HARBOR FREIGHT TOOLS, & SOLA
SALONS IN THE SAME PARKING LOT; LA FITNESS

SITS ACROSS THE STREET

matthew p. casey & associates October 2020

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

18 WILD BY NATURE MARKET $235,000 10,965 $21.43 STRIP/ F/P 5 SC ATM, BAK, BLK, 8–9M– -KING KULLEN’S NATURAL FOODS FORMAT
#202 CBD BM, BR, BT, CB, -OPENED AS “WILD BY NATURE” BY THE KING KULLEN
369 W. MAIN STREET CC, CD, CG, CH, SAT
(ROUTE 25A) & FL, LIM-GC, GF, 8 – 8 SUN COMPANY CIRCA 1998; THIS STORE WAS NEVER
WOODBURY ROAD LIM-GM, GMT, HBC,
HUNTINGTON, NY EXT-HMR, LIM-KS, OPERATED AS A KING KULLEN
11743 EXT-N, P, PS, RC,
SM, SPB, SS, LIM- -NO RECENT REMODELS EXCEPT THE INSTALLATION
STS, SU, SUBS, OF NEW WOOD FLOORING IN 2017
WS, VIT, JB, OL, HD
-ODD SHAPED STORE & LAYOUT
-EXCELLENT OPERATIONS
-HEALTH & BEAUTY CARE & SUPPLEMENTS AVERAGE

10-12% OF TOTAL SALES
-STRONG DELI IS THE MAIN DRAW HERE, INCLUDING A

16’ COLD DELI CASE WITH ATTRACTIVE SALADS &
ENTREES (MADE FROM SCRATCH DAILY IN THIS
STORE’S BASEMENT), HOME MEAL REPLACEMENT
(HMR), & VEGAN HMR
-PRODUCE DEPARTMENT AVERAGES APPROXIMATELY
18% OF TOTAL STORE SALES
-AVERAGED $228,000 PER WEEK IN 2018
-SALES WERE UP SLIGHTLY IN 2019 DUE IN PART TO

INSTACART SHOPPING AND HOME DELIVERY SERVICE

-RECENT 2020 SALES ARE UP ABOUT 10% DUE TO
COVID-19 PANDEMIC

-LEASE TERM EXPIRES APRIL 29, 2022; TWO 10-
YEAR OPTIONS AVAILABLE UNTIL APRIL 2042

-COTENANTS HERE INCLUDE HUNTINGTON CLEANERS,
A 24 HOUR RITE AID PHARMACY, GLOBE DINER,
HSBC BANK, AND H&R BLOCK

matthew p. casey & associates October 2020

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

19 KING KULLEN #40 $360,000 23,475 $15.34 FS G/F 12 SC 2XC, ATM, BAK, 7 – 10 M – -ON-SITE REPLACEMENT STORE THAT OPENED IN
50 N. NEW YORK AVENUE (INC. 4 LIM-BM, BR, BT, AUGUST 1992
(ROUTE 110) & SELF CC, CD, CG, CH, SAT
HILL PLACE SCAN) CS, FL, GC, LIM-GF, 7 – 9 SUN -MINOR REMODEL COMPLETED IN 2016
HUNTINGTON, NY GM, GMT, LIM-GY, -PHARMACY AVERAGES APPROXIMATELY 500
11743 HD, LIM-HMR, LIM-
KF, KS, N, RC, RX, PRESCRIPTIONS WEEKLY, OR $35,000+/-
SS, SU, WS -PHARMACY OPEN 7 DAYS & HAS SEVERAL

CUSTOMERS WITH HIGH PRICED DRUGS

-EXCELLENT PERISHABLES INCLUDING A LARGER 40’
DELI FEATURING THE BOAR’S HEAD PRODUCT LINE &
GREAT VARIETY OF SALADS & ENTREES

-STRONG GROCERY CONDITIONS
-HIGHER PRICED VERSUS STOP & SHOP
-RECENT SALES ARE AVERAGING ABOUT 7% AHEAD

OF 2019
-HOME DELIVERY AVAILABLE
-TYPICAL KING KULLEN OFFERINGS
-UPSCALE, UPPER INCOME CLIENTELE

matthew p. casey & associates October 2020

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

20 KING KULLEN #44 $260,000 28,600 $9.09 NSC F 11 SC $, 2XC, ATM, BAK, 7 – 11 M – -VERY WELL ESTABLISHED UNIT
“SUNSET PLAZA” (INC. 4 BM, BR, BT, CC, -MAJOR REMODEL & EXPANSION COMPLETED IN 1990
1170 DEER PARK AVENUE & SELF CD, CH, CS, FL, SAT -OTHER REMODELS COMPLETED IN 1998 & 2005
MOHAWK DRIVE SCAN) GC, GF, GY, LIM- 7 – 9 SUN -OLDER, TIRED, DULL FACILITY; LACKS PERSONALITY
HMR, KS, LB, LT, -SERVES A HIGH % OF SENIOR CITIZEN TRADE
C NORTH BABYLON, RC, SS, WS -LACKS IMMEDIATE COMPETITION
L NY 11703 -STRONG PERISHABLES STORE, WELL STOCKED IN
O
S GROCERY
E
D -ATTRACTIVE 32’ DELI FEATURES THE BOAR’S HEAD
PRODUCT LINE & OFFERS MANY SALADS, ENTREES

-ANCHORS A STRONG NEIGHBORHOOD CENTER WITH
LA FITNESS, PETSMART, RITE AID PHARMACY, U.S.
POST OFFICE, AVENUE, WINES & LIQUORS,
GAMESTOP, SMALL SHOPS & SEVERAL OUTPARCELS

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

21 KING KULLEN #59 $225,000 17,335 $12.98 STRIP F 8 SC 2XC, ATM, BAK, BR, 7 – 10 M – -OLDER, ESTABLISHED UNIT SINCE CIRCA 1970
“BLUE POINT PLAZA” BT, LIM-CB, CC,
29 MONTAUK HIGHWAY & CD, CH, CS, LIM-FL, SAT -MAJOR REMODEL & 2,300 SQUARE FOOT EXPANSION
NICOLLS ROAD LIM-GC, LIM-GY, 7 – 9 SUN COMPLETED IN SPRING 1996
BLUE POINT, NY HD, KS, OL, RC,
11715 LIM-SPB, LIM-WS -ONLY MINOR ENHANCEMENTS SINCE 1996

-TIRED, BLAND STORE NEEDS UPDATING
-GOOD OPERATIONS & PERISHABLES

-ONLY BASIC DEPARTMENTS OFFERED

-PROMOTING ONLINE SHOPPING BY KING KULLEN
-VERY SPACE EFFICIENT
-OFFERS A WELL STOCKED 28’ DELI FEATURING THE

BOAR’S HEAD PRODUCT LINE
-LACKS IMMEDIATE COMPETITION

-USUAL KING KULLEN HIGHER PRICING & DOUBLE
MANUFACTURER’S COUPON SAVINGS UP TO $1.00

-STRIP CENTER INCLUDES CARD $MART, SPARKLE 10
NAIL & SPA, DUNKIN’ DONUTS, CLEANERS & RELEVE

DANCE CENTRE

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
-CLOSED ON JUNE 11, 2015
22 CLOSED KING KULLEN #30 26,590 NSC G/F -OPENED ON JUNE 11, 2005; FORMER SWEEZY’S
“THREE VILLAGE PLAZA”
1375 ROUTE 25A & DEPARTMENT STORE SPACE
THE HILLS DRIVE
-38,955 TOTAL SQUARE FOOT FACILITY
C EAST SETAUKET, NY -FIXTURES AND EQUIPMENT ARE STILL IN THE STORE,
L 11733-2842
YET IT IS LISTED FOR LEASE
O
-WAS THE LOWEST VOLUME STORE IN THE ENTIRE
S CHAIN AT $130,000 PER WEEK IN 2013

E -ADJACENT TO TWO OTHER SUPERMARKETS,

D INCLUDING WILD BY NATURE AND A MUCH HIGHER

VOLUME STOP & SHOP
-PREVIOUSLY INCLUDED 16’ SERVICE SEAFOOD, 36’

BOAR’S HEAD DELI, SMALL TOYS, HARDWARE, &

AUTO SECTIONS

-WAS BOZZUTO’S SUPPLIED
-THIS 77,458 GLA SHOPPING CENTER ALSO INCLUDES

ACE HARDWARE, BAKE SHOP, REMAX REAL ESTATE,
DE MA LIQUORS, 2ND WIND ATHLETIC FOOTWEAR,
LUIGI’S PIZZERIA, FLORIST, LAUNDROMAT, GOLD
COAST HAIR SALON, & MANY OTHERS

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
-WALDBAUM’S ORIGINALLY OPENED HERE ON JUNE
23 KING KULLEN #1 $500,000 41,330 $12.10 NSC VG 12 SC 2XC, ATM, BAK, 7 - 11 M - 12, 2003 & CLOSED ON NOVEMBER 19, 2015
440 W. SUNRISE HIGHWAY (INC. 4 BM, BR, BT, LIM- SAT
(STATE ROUTE 27) & SELF CB, CC, CD, CH, 7 - 9 SUN -KING KULLEN OPENED ON DECEMBER 4, 2015 AFTER
WAVERLY AVENUE SCAN) CP, CS, FL, EXT-
(ROUTE 19) GC, GM, LIM-HMR, MINIMAL REMODELING
(NORTH) JB, LIM-KF, KS, LT,
PATCHOGUE, NY OB, RC, RX, SS, -54,901 TOTAL SQUARE FOOT STORE
(BROOKHAVEN) WS, LIM-WV, GF, -EXCELLENT OPERATIONS & PERISHABLES
LIM-N, $, PET, OL, -32’ COLD DELI NOW FEATURES THE BOAR’S HEAD
HD
PRODUCT LINE (WALDBAUM’S OFFERED DIETZ &
WATSON BRAND)
-INCLUDES 16’ OF SERVICE SEAFOOD
-VOLUME LISTED INCLUDES A WEEKLY AVERAGE OF
ABOUT $30,000 IN PHARMACY DEPARTMENT (450 –
500 PRESCRIPTIONS)
-FLAT SALES HERE IN THE PAST 2 YEARS
-BOTH MEAT & PRODUCE DEPARTMENTS AVERAGE
10-11% OF TOTAL SALES
-HOME DELIVERY AVAILABLE VIA JOSEPHINE’S

SHOPPING SERVICE

-“DOLLAR DAZE” DOLLAR SECTION ALSO INCLUDES A
SMALL OFFERING IN THE HEALTH & BEAUTY CARE

DEPARTMENT

-BOZZUTO’S SUPPLIED
-THIS NEIGHBORHOOD SHOPPING CENTER ALSO

INCLUDES STAPLES, KARAKO OUTLET, SUBWAY, THE
UPS STORE, BEACH BUM TANNING, WINE & LIQUORS,
ELEGANT JEWELRY, AND A FEW OTHERS; WENDY’S

TRADES ON A PAD

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
-ORIGINALLY OPENED IN 1970
24 KING KULLEN #10 $230,000 22,045 $10.43 NSC VG 10 SC 2XC, ATM, BAK, BR, 7 - 11 M - -33,100 TOTAL SQUARE FOOT FACILITY
153 RONKONKOMA AVENUE & BT, CC, CD, CG, SAT -MAJOR $2.4 MILLION REMODEL COMPLETED FOR AN
ONE BLOCK SOUTH OF: CH, CS, FL, GC, 7 - 9 SUN
PORTION ROAD GM, LIM-GY, LIM- OCTOBER 2004 GRAND REOPENING (INCREASED
HMR, JB, LIM-KF, SALES $40-50,000 PER WEEK)
C LAKE KS, LIM-N, RC, WS -PREVIOUS REMODEL & EXPANSION COMPLETED IN
L RONKONKOMA, NY 1991
O 11779 -RUMORED POTENTIAL CLOSING HERE IN THE FUTURE
-POOR VISIBILITY & EXPOSURE VIA HEAVILY
S
TRAVELED PORTION ROAD
E
-HIGHER GROCERY RELATED DEPARTMENT PRICING
D VS. STOP & SHOP

-NO LONGER OFFERS A 20’ SERVICE SEAFOOD

COUNTER BUT DOES OFFERS NICE VARIETY IN A

WRAPPED SEAFOOD CASE

-STRONG 32’ COLD DELI FEATURES THE BOAR’S HEAD
PRODUCT LINE & A NICE PRESENTATION OF STORE

MADE SALADS

-VERY CLEAN, WELL OPERATED FACILITY
-ALL KING KULLENS OFFER DOUBLE COUPON SAVINGS

UP TO $1.00
-THIS CENTER ALSO INCLUDES KOHL’S (FORMER

CALDOR), RITE AID PHARMACY, PAYLESS
SHOESOURCE, H&R BLOCK, A LIQUOR STORE, AND
SIX OTHERS (ONE VACANT) + WENDY’S ON A FRONT

PAD

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

25 KING KULLEN #3 $395,000 24,430 $16.17 STRIP EX 9 SC 2XC, ATM, BAK, 7 - 10 M - -OPENED AS KING KULLEN IN 1986; ORIGINAL “HILLS”
“CUTCHOGUE PLAZA” BM, BR, BT, LIM- SAT SUPERMARKET, LATER TRADED AS KEY FOODS
315-25 MAIN ROAD & CB, CC, CD, CH, 7 - 9 SUN
STERLING LANE CP, CS, FL, GF, -EXPANDED ONCE & REMODELED SEVERAL TIMES
CUTCHOGUE, NY GM, GY, HMR, JB,
11935 KS, LT, N, OB, RC, SINCE OPENING
RX, SPB, SUBS,
GC, WS, HD -LAST MAJOR REMODEL COMPLETED IN 1996
-MINOR REMODEL COMPLETED IN FEBRUARY 2014;

NEW DELI CASES HAD SALES OF THAT DEPARTMENT

UP IN SALES ABOUT $5,000 WEEKLY!
-VOLUME LISTED INCLUDES A WEEKLY AVERAGE IN

THE $30,000’S IN THE PHARMACY (400 - 500
PRESCRIPTIONS) AND IS AT FINANCIAL BREAK EVEN

TODAY

-HUGE SUMMER SALES INCREASES; SALES RANGE
FROM THE MID $300,000’S AVERAGE NON-SUMMER
WEEKS, TO $500,000 - $525,000 RANGE AVERAGE

SUMMER WEEKS

-SALES INCREASED IN NOVEMBER 2015 WHEN
WALDBAUM’S TO THE WEST IN MATTITUCK CLOSED
(MATTITUCK MARKETPLACE NOW)

-VERY CLEAN & WELL OPERATED
-OFFERS DOUBLE MANUFACTURERS’ COUPON

SAVINGS UP TO & INCLUDING $1.00
-HOME DELIVERY AVAILABLE VIA JOSEPHINE’S

SHOPPING SERVICE

-VERY STRONG PRODUCE DEPARTMENT HERE
REPRESENTS 15% - 17% OF TOTAL STORE SALES

-STRONG 36’ COLD DELI FEATURES THE BOAR’S HEAD
PRODUCT LINE & A NICE ARRAY OF ENTRÉES &

SALADS

-LACKS IMMEDIATE COMPETITION
-THIS STRIP CENTER ALSO INCLUDES EPIC SPA,

CLEANERS, PECONIC LIQUORS, ORIGINAL
MICHELANGELO PIZZERIA, + PEOPLE’S UNITED BANK

ON AN OUTPARCEL

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

26 WILD BY NATURE MARKET $145,000 14,010 $10.35 NSC P 5 SC ATM, BAK, BLK, BR, 7 - 9 M - TH -OPENED AS KING KULLEN IN 1979
#203 CB, CC, CG, CH, 7 - 10 F, -4,800 SQUARE FOOT EXPANSION & REMODEL
“TIANA PLAZA” CS, LIM-FL, GC, GF, SAT
252-14 W. MONTAUK HIGHWAY GM, GMT, HBC, 7 - 8 SUN COMPLETED IN 1993
& TERRACE ROAD HCD, HD, HMR, JB, -SHRUNK THIS BUILDING & CONVERTED TO THE “WILD
KS, EXT-N, OB, RC,
HAMPTON BAYS, NY SCD, SPB, SS, STS, BY NATURE” BANNER IN 2006; (KING KULLEN
SU, SUBS, WS, SM, OPERATED); FORMER KING KULLEN CUT IN HALF --
11946 BT
DOLLAR TREE NOW OCCUPIES THE OTHER HALF

-HOME DELIVERY AVAILABLE VIA “JOSEPHINE’S
SHOPPING SERVICE”

-AFFORDS SHOPPERS ITS OWN “WILD CARD”

FREQUENT SHOPPER REWARDS PROGRAM

-10% DISCOUNT ON ANY FULL CASE GROCERY ITEM
-OFFERS A WEAK 8’ SERVICE MEAT CASE + 8’ OF

SERVICE SEAFOOD

-ALSO OFFERS A 20’ DELI CASE INCLUDING 12’ COLD
& 8’ HOT FOODS + A VEGETARIAN CASE; DELI
DEPARTMENT AVERAGES 10% - 11% OF TOTAL

STORE SALES

-HUGE SUMMER SALES INCREASES HERE
-OFFERS A 10% SENIOR CITIZEN DISCOUNT
-SHOPPING CENTER SUFFERS WEAK COTENANCY & A

VERY HIGH VACANCY RATE

-THIS 80,878 GLA SHOPPING CENTER ALSO INCLUDES
DOLLAR TREE, CORK N’ JUG WINES & LIQUORS, EPIC
NAILS, PLANET FITNESS, MING GARDEN, & A COUPLE
OTHERS + A SEVERAL VACANCIES; HSBC BANK ON A

FRONT PAD

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

27 KING KULLEN #35 $316,240 25,900 $12.21 NSC F 11 SC $, 2XC, ATM, BAK, 7 – 11 M – -OLDER UNIT, IN VERY GOOD REPAIR
“WILLIAM FLOYD PLAZA” (INC. 4 BLK, LIM-BM, BR, -REMODELS COMPLETED IN 1996 AND IN THE EARLY
273 WILLIAM FLOYD PARKWAY SELF BT, LIM-CB, CC, SAT
& SCAN) CD, CG, CH, CS, 7 – 9 SUN 2000’S
ROBERTS ROAD E. FL, GC, LIM-GF, -KING KULLEN BOASTS OF BEING “FAMILY OWNED &
GM, GY, HMR, JB,
SHIRLEY, NY 11967 LIM-KF, KS, LT, OPERATED FOR OVER 87 YEARS”
LIM-N, RC, SUBS, -DULL, BLAND, NON-DESCRIPT SUPERMARKET, YET
WS
WELL MAINTAINED

-SALES INCREASE ONLY $10,000 - $15,000 PER
WEEK DURING SUMMER WEEKS (INCLUDED IN
VOLUME LISTED)

-A PROFITABLE KING KULLEN
-NO PHARMACY IN THIS KING KULLEN
-BUS STOP ALONG WILLIAM FLOYD PARKWAY AT KING

KULLEN’S FRONT DOOR
-STRONG OPERATIONS & PERISHABLES; ATTRACTIVE

40’ COLD DELI INCLUDES A NICE SALAD SELECTION &
FEATURES THE BOAR’S HEAD PRODUCT LINE
-MEAT DEPARTMENT AVERAGES 14% OF TOTAL
STORE SALES, PRODUCE AVERAGES 11%; DELI
AVERAGES AN IMPRESSIVE 9% OF STORE SALES
-TOTAL STORE SALES ARE CURRENTLY AVERAGING
3% - 5% BEHIND A YEAR AGO
-ALL KING KULLENS OFFER DOUBLE COUPON SAVINGS
UP TO $1.00
-CURRENT ANNUAL RENT = A RELATIVELY
INEXPENSIVE $305,306, OR ONLY $7.73 PER
SQUARE FOOT; LEASE TERM EXPIRES ON
DECEMBER 31, 2027; ONE 10-YEAR OPTION TO
2037 (ANNUAL RENT INCREASES TO $474,960 IN
OPTION PERIOD)
-THIS NEIGHBORHOOD SHOPPING CENTER ALSO
INCLUDES THE HOME DEPOT, BATTLEGROUNDS
COMPUTERS, SPRINT, RITE AID PHARMACY, LESLIE’S
POOL SUPPLIES, CHASE BANK, TEACHERS FEDERAL
CREDIT UNION, DOLLAR TREE, ATLANTIC
CHIROPRACTIC, COMMUNITY LIBRARY, A FEW
OTHERS + A FEW VACANCIES

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
-OPENED IN 1981
28 KING KULLEN #43 $270,000 16,170 $16.70 STRIP F/G 7 SC 2XC, ATM, LIM- 7 – 9: -LAST REMODEL COMPLETED ABOUT 10 YEARS AGO
“EASTPORT PLAZA” BAK, BLK, LIM-BM, 7 DAYS -A VERY CLEAN & EXTREMELY SPACE EFFICIENT
25 EASTPORT MANOR DRIVE BR, BT, LIM-CB,
& MONTAUK HIGHWAY CC, CD, CG, CH, STORE
(NY STATE ROUTE 27A) & CS, FL, GF, GM,
UNION AVENUE LIM-GY, HD, LIM- -EXCELLENT OPERATIONS & PERISHABLES
HMR, JB, LIM-KF, -SALES LISTED INCLUDE SUMMER SEASONALITY
EASTPORT, NY 11941 KS, LT, N, OL, RC,
SUBS, WS INCREASES OF ABOUT 20%
-OLDER, DATED EXTERIOR FAÇADE
-KING KULLEN’S “PRICE WISE” PROMOTION INCLUDES

“7 DAYS SALES”, “PRICE LOCK”, “HOMETOWN VALU
EVERY DAY”, “INSIDER SAVINGS” & “BLOWOUT
SPECIALS”
-HOME DELIVERY AVAILABLE VIA “JOSEPHINE’S
SHOPPING SERVICE”
-SALES AREA CALCULATION EXCLUDES EXTERIOR

BOTTLE REDEMPTION CENTER

-24’ COLD DELI FEATURES THE BOAR’S HEAD

PRODUCT LINE

-THIS STRIP CENTER ALSO INCLUDES RITE AID
PHARMACY, PRIMARY CARE MEDICINE, MAY HUNG’S
KITCHEN, WINES & LIQUORS, EASTPORT PLAZA
DELICATESSEN, MICHELANGELO PIZZERIA,
MARINELLI JEWELERS, SUFFOLK FEDERAL, & ONE

SMALL VACANCY

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

29 KING KULLEN #16 $325,000 31,805 $10.22 NSC G 11 SC $, 2XC, ATM, BAK, 7 – 11 M – -VERY WELL ESTABLISHED STORE
600 N. WELLWOOD AVENUE
AT: BM, BR, CC, CD, SAT -LAST REMODELED IN THE 2000’S
ROUTE 27 &
SPIEGELHAGEN STREET CH, CP, CS, FL, GC, 7 – 9 SUN -TYPICAL GOOD OPERATIONS & PERISHABLES

LINDENHURST, NY GF, GY, LIM-HMR, -OFFERS A STRONG 40’ DELI FEATURING THE BOAR’S

11757 LIM-KF, KS, LB, LT, HEAD PRODUCT LINE
LIM-N, OL, RC, SS,
-BOZZUTO’S SUPPLIED CHAIN

SUBS, WS -HIGHER GROCERY PRICE ZONE THROUGHOUT STORE

-DOLLAR TREE AND DOLLAR GENERAL ARE BOTH

LOCATED ACROSS THE STREET

-CENTER INCLUDES RITE AID PHARMACY,
APPLEBEE’S, MAGIC 50% CARDS, BLINK FITNESS, 4

SMALL SHOPS (2 ARE VACANT)

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

30 KING KULLEN #15 $400,000 22,870 $17.49 STRIP F 10 SC 2XC, ATM, BAK, 7 – 10 M – -OPENED DECADES AGO AND HAS NOT PREVIOUSLY
“CENTER MORICHES SQUARE” (INC 4 BLK, BM, BR, BT, COMPLETED ANY REMODELS IN THE PAST 10-15
552 MONTAUK HIGHWAY SELF LIM-CB, CC, CD, SAT
(MAIN STREET, OR SCAN) CG, CH, CS, FL, 7 – 9 SUN YEARS
NEW YORK STATE ROUTE LIM-GF, GM, LIM-
27A) & GY, LIM-HMR, JB, -MAJOR INTERIOR REMODEL NOW UNDERWAY FOR A
LAKE AVENUE LIM-KF, KS, LT, LATE MAY OR JUNE 2018 GRAND REOPENING
LIM-N, PET, RC,
CENTER RX, SUBS, WS, $ -AVERAGED $280,000 PER WEEK WHEN WALDBAUM’S
WAS OPEN; WALDBAUM’S CLOSED & “CENTER
MORICHES, NY 11934 MORICHES MARKETPLACE” (A KEY FOOD
OPERATION) OPENED IN ITS PLACE & THIS STORE
THEN AVERAGED $340,000 PER WEEK; CENTER
MORICHES MARKETPLACE CLOSED & THIS STORE
NOW AVERAGES IN THE $400,000 RANGE

-WELL STOCKED 28’ DELI FEATURES THE BOAR’S

HEAD PRODUCT LINE

-VERY GOOD OPERATIONS, YET SOME AISLES ARE

BEING CLEARED FOR RESETS

-OFFERS A DOLLAR DEPARTMENT
-PHARMACY AVERAGES $35,000 PER WEEK (600+/-

PRESCRIPTIONS)
-KING KULLEN IS SUPPLIED BY BOZZUTO’S
-70,866 GLA STRIP CENTER INCLUDES

CVS/PHARMACY, H&R BLOCK, MIKADO SUSHI &
HIBACHI, PEOPLE’S UNITED BANK, PRIME CARE
MEDICAL, YOUR BAGEL CAFÉ, CLEANERS, TRUE
VALUE, ALITALIA PIZZERIA, CARVEL, WINE & SPIRITS,
QUEST DIAGNOSTICS, AND ONE SMALL VACANCY +

CAPITAL ONE BANK ON A PAD

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

31 KING KULLEN #18 $315,000 29,450 $10.70 NSC F 12 SC 2XC, ATM, BAK, 7 - 10 M - -ORIGINALLY OPENED IN 1989
“MT. SINAI SHOPPING
CENTER” (INC. 4 BM, BR, BT, CC, SAT -MAJOR REMODEL COMPLETED MID-2000’S
5507-200 NESCONSET
SELF CD, CG, CH, CS, 7 - 9 SUN -BLAND, NON-DESCRIPT FACILITY
C HIGHWAY &
L CRYSTAL BROOK HOLLOW SCAN) FL, GC, GM, GY, -VOLUME LISTED INCLUDES A WEEKLY AVERAGE OF

ROAD LIM-HMR, JB, KS, $35,000 - $40,000 IN PHARMACY SALES (400+/-

O MOUNT SINAI, NY N, OB, RC, RX, SS, PRESCRIPTIONS); PHARMACY IS OPEN 7 DAYS &
S 11766
LIM-STS, WS, HD, DISPENSES MANY HIGHER PRICED DRUGS
E GF, LIM-$
-INCLUDES A SMALL “ONLY A DOLLAR” SECTION
D -NOW OFFERS HOME DELIVERY VIA JOSEPHINE’S

SHOPPING SERVICE

-HIGHER PRICED IN GROCERY

-VERY CLEAN & WELL-PRESENTED STORE
-STRONG 40’ COLD DELI FEATURES THE BOAR’S HEAD

PRODUCT LINE

-PARKING LOT SET IN HORIZONTAL VERSUS TYPICAL

(PREFERRED) VERTICAL ROWS

-THIS SHOPPING CENTER ALSO INCLUDES RITE AID

PHARMACY, THE UPS STORE, COLDWELL BANKER,
WINE & LIQUOR, SUBWAY, ROCCO’S PIZZERIA,

TAPESTRY SALON & SPA, A DENTIST, JOSEPH

SHOES, AND MANY OTHERS + CHASE BANK ON A PAD

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

32 KING KULLEN #26 $900,000 43,645 $20.62 CSC G/F 19 SC 2XC, ATM, BAK, 24 HOURS: -ON-SITE REPLACEMENT, 61,892 TOTAL SQUARE
“BRIDGEHAMPTON (INC. 6 BLK, BM, BR, BT, 7 DAYS FOOT “FLAGSHIP” STORE THAT OPENED DURING THE
COMMONS” SELF CB, CC, CD, CG, 1990’S
2044 MONTAUK HIGHWAY SCAN) CH, CP, CS, DC, FL,
(ROUTE 37) & + 2 IN GC, GF, EXT-GM, -EXPANDED TWICE SINCE OPENING, THE LAST
SNAKE HOLLOW ROAD CAFÉ GY, HBC, HCD, HD,
BRIDGEHAMPTON, HMR, JB, KS, LT, EXPANSION & REMODEL COMPLETED IN JANUARY
NY 11932 EXT-N, OB, OL,
PET, RC, SB, SM, 2013
SPB, SS, STS, SU,
SUBS, WS, $, HF, -STARTED ONLINE HOME DELIVERY & PICK UP IN
WV
JANUARY 2013

-LACKS IMMEDIATE COMPETITION
-“WILD BY NATURE” NATURAL FOODS DEPARTMENT

INCLUDES 25 DOORS FROZEN FOOD, 28’ DAIRY,

ORGANIC PRODUCE, COFFEE GRINDERS, BULK

FOODS, GLUTEN FREE SECTION, ETC.
-INCLUDES IN-STORE “DUTCH GIRL DRY CLEANERS”

-VERY CLEAN & VERY WELL PRESENTED

-TOTAL STORE CAPTURED $45 MILLION IN 2017;

EXPECT $47 MILLION THIS YEAR

-SALES RANGE FROM $1.2 - $1.5 MILLION IN SUMMER

WEEKS ($1.9 MILLION JULY 4TH WEEK) TO THE HIGH
$600,000’S TO MID $700,000’S NON-SUMMER

WEEKS

-EXTREMELY PROFITABLE STORE
-OFFERS 2 COINSTAR MACHINES, 2 ATM’S

-STRONG CRAFT BEER VARIETY

-HUGE SUMMER SEASONALITY SALES INCREASES

-POWDER BLUE SIGN WORK ON ALL FAÇADE SIGNS IN

THIS SHOPPING CENTER

-OFFERS A 44’ COLD DELI THAT FEATURES BOAR’S
HEAD PRODUCT LINE; ALSO OFFERS 12’ SERVICE
MEAT, 28’ SERVICE SEAFOOD AND SOUP BAR

-DOUBLE COUPON SAVINGS TO $1

-HOURS LISTED ARE SUMMER HOURS ONLY; NON-
SUMMER HOURS = 6 MONDAY – 12 SATURDAY: 24
HOURS, 6 – 10 SUNDAY

-OFFERS TWO ATM AND TWO COINSTAR MACHINES

-THIS 287,507 GLA SHOPPING CENTER ALSO
INCLUDES KMART, RITE AID PHARMACY, CLAIRE’S, TJ

MAXX, M&T BANK, PAYLESS SHOESOURCE (CLOSING

SOON), GAP, STAPLES, MCNAMARA LIQUORS,

PANERA BREAD, WILLIAMS-SONOMA, PETCO,
VICTORIA’S SECRET, OLYMPIA SPORTS, DUNKIN’

DONUTS, GNC, GAMESTOP, & MANY OTHERS

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

33 KING KULLEN #37 $310,000 33,750 $9.19 NSC G/F 11 SC 2XC, ATM, BAK, 7 – 10 M – -OFF-SITE REPLACEMENT THAT OPENED HERE IN
“STRATHMORE COMMONS” (INC. 4 BM, BR, BT, CC, 1991
1235 MIDDLE COUNTRY ROAD SELF CD, CH, CP, CS, FL, SAT
(ROUTE 25) & SCAN) GC, GF, GM, LB, LT, 7 – 9 SUN -ONLY MINOR PAINT & DÉCOR UPGRADES HAVE BEEN
WOODVIILLE ROAD LIM-N, PET, RC,
RX, SS, LIM-STS, COMPLETED IN RECENT YEARS
MIDDLE ISLAND, NY WS
-MOSTLY ORIGINAL CASES HERE
11953 -45,150 TOTAL SQUARE FOOT FACILITY
-SOMEWHAT TIRED, DATED STORE
-EXCELLENT STORE OPERATIONS & SERVICE LEVELS
-MEAT DEPARTMENT ONLY FAIR – AVERAGE DURING

VISIT (WEAKEST AREA OF STORE)
-VOLUME LISTED INCLUDES A WEEKLY AVERAGE OF

$50,000 IN PHARMACY DEPARTMENT (700+/-
PRESCRIPTIONS)
-INCLUDES A RELATIVELY LARGE, IMPRESSIVE 36’
DELI FEATURING THE BOAR’S HEAD PRODUCT LINE

AND EXTENSIVE SALAD VARIETY

-UNUSUALLY SHAPED SALES FLOOR WITH SOME

ANGLED AISLES

-ALL KING KULLEN STORES ARE SUPPLIED BY
BOZZUTO’S

-TYPICAL AVERAGE KING KULLEN GROCERY PRICES
-110,000+/- GLA SHOPPING CENTER INCLUDES

DOLLAR TREE, GOLD’S GYM (COMING SOON), 50%
OFF CARDS, T MOBILE, PET SUPPLIES, WINE &
LIQUORS, PHYSICAL THERAPY, SEVERAL SHOPS +
MCDONALD’S ON A PAD

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

34 WILD BY NATURE MARKET $165,000 14,860 $11.10 NSC F/P 5 SC ATM, BAK, BLK, 8–9M– -OPENED AS WILD BY NATURE AFTER REMODELING IN
#205 LIM-BM, BR, BT, AUGUST 2014 IN A PORTION OF THE FORMER KING
“CAPTREE VILLAGE” CB, CC, CG, CH, SAT KULLEN #28 THAT ORIGINALLY OPENED ON AUGUST
478 UNION BOULEVARD, FL, LIM-GC, GF, 8 – 8 SUN 5, 1993
UNIT A & LIM-GM, GMT, HBC,
KEITH LANE HMR, JB, KS, EXT- -DOLLAR TREE OCCUPIES THE REMAINING PORTION
N, SNX, LIM-SM,
WEST ISLIP, NY 11795 SPB, SS, LIM-STS, OF THE BUILDING
SU, SUBS, VIT, WS
-KING KULLEN OPERATED, UPSCALE, NATURAL,
ORGANIC, GLUTEN FREE & SPECIALTY MARKET

-A BREAKEVEN STORE PROFIT-WISE WITH SALES UP
ALMOST 5% FROM A YEAR AGO

-WELL OPERATED UNION STORE WITH GREAT
PERISHABLES, INCLUDING SEAFOOD VARIETY, HMR,
DELI SALADS, A JUICE BAR & SANDWICH SHOP

-BOZZUTO’S & UNFI SUPPLIED
-EXPANDED VITAMINS & SUPPLEMENTS DEPARTMENT
-OLDER, YET ALMOST FULLY LEASED CENTER THAT

HOUSES DOLLAR TREE, U.S. POST OFFICE, WINE &
LIQUORS, RITE AID PHARMACY, MEDICAL CENTER,
50% OFF CARDS, AT&T, SMALL SHOPS

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

35 KING KULLEN #47 $420,000 27,265 $15.40 FS/ P 12 SC 2XC, ATM, BAK, 6 - 12 M - -40,000 TOTAL SQUARE FOOT FACILITY THAT OPENED
52 E. MONTAUK HIGHWAY & NSC/ (INC. 4 BM, BR, BT, LIM- SAT IN 2002
PONQUOGUE AVENUE & CBD SELF CB, CC, CD, CG, 6 - 10 SUN
FANNING AVENUE SCAN) CH, CP, CS, FL, GC, -CLEAN, ATTRACTIVE, WELL-RUN KING KULLEN
GM, GY, HMR, JB, -MINOR REMODEL, INCLUDING NEW FAUX HARDWOOD
HAMPTON BAYS, NY KF, KS, LT, N, OB,
RC, SPB, SS, SU, FLOORING IN PERISHABLES AREAS & NEW FIXTURES
11946-1817 SUBS, WS, BLK COMPLETED IN MAY 2018
-DATED, WEATHERED, TIRED EXTERIOR FAÇADE IN

DIRE NEED OF AN UPGRADE

-OFFERS DOUBLE COUPON SAVINGS TO $1.00
-HUGE SUMMER SALES INCREASES; SALES AVERAGE

IN THE HIGH $500,000’S DURING AVERAGE SUMMER
WEEKS (SOME WEEKS $600,000+; $725,000 JULY
4TH WEEK), DOWN TO THE MID-$300,000’S DURING
AVERAGE NON-SUMMER WEEKS
-INCLUDES A 40’ COLD DELI, 18’ OF SERVICE

SEAFOOD

-STRONG PRODUCE DEPARTMENT AVERAGES
APPROXIMATELY 15% OF TOTAL STORE SALES

-“FRESH” FOODS CAPTURES AN IMPRESSIVE, KING
KULLEN RELATIVELY HIGH 43%

-NO PHARMACY IN THIS KING KULLEN
-ANNUAL RENT = $1,138,400, OR $28.46 PER FOOT
-LEASE TERM EXPIRES JUNE 30, 2027, WITH 24

YEARS OF LEASE OPTIONS UNTIL THE YEAR 2051
-THIS CENTER ALSO INCLUDES RITE AID PHARMACY,

STARBUCKS COFFEE, MATTRESS FIRM, BAGEL
PLACE, SPRINT PREMIER STORE, PET SUPPLIES,
HAMPTON BAYS WINES & SPIRITS, BRIDGEHAMPTON
NATIONAL BANK, VERIZON, UNCLE JOE’S PIZZERIA,

AND OTHERS

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

36 KING KULLEN #23 $520,000 34,875 $14.91 CSC G 12 SC 2XC, ATM, BAK, BB, 7 – 12 M – -OFF-SITE REPLACEMENT STORE THAT OPENED IN
834 SUNRISE HIGHWAY
(ROUTE 27) & (INC. 4 BM, BNK, BR, CC, SAT 1999
MANOR LANE SELF
BAY SHORE, NY CD, CH, CP, CS, FL, 7 – 9 SUN -INTERIOR REMODEL COMPLETED & NEW DÉCOR
11706
SCAN) GC, GF, GM, GY, ADDED CIRCA 2015

HD, HMR, KF, KS, -EXCELLENT FACILITY & OPERATIONS

LT, N, OB, OL, P, -GREAT FLORAL DISPLAY

RC, SNX, SS, STS, -PROMOTING ONLINE SHIPPING & HOME DELIVERY

SU, WS HERE FOR A FEE (STORE HANDLES OVER 200

CUSTOMER ORDER PER WEEK)

-VOLUME LISTED ALSO INCLUDES SUMMER SEASONAL

ONLINE SALES ORDERS SHIPPED TO FIRE ISLAND

RESIDENTS

-ATTRACTIVE 40’ DELI FEATURES THE BOAR’S HEAD

PRODUCT LINE, LARGE SERVICE SEAFOOD DISPLAY

& KOSHER FOODS SECTION

-EXTENSIVE RETAIL SUPPORT HELPS SALES HERE

-OFFERS A BETHPAGE FEDERAL CREDIT UNION

BRANCH

-LARGE, BUSY PLAZA ALSO HOUSES TARGET,

HOMEGOODS, RITE AID PHARMACY, MICHAELS,
HALLMARK, MODELL’S, STAPLES, BARNES & NOBLE,

OLD NAVY, OTHERS

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

37 KING KULLEN #33 $360,000 24,470 $14.71 STRIP G 10 SC 2XC, ATM, BAK, 7 – 10 M – -OPENED IN 2002
“MANORVILLE TOWNE (INC. 4 LIM-BM, BR, BT, -BUILT ON A FORMER BLUEBERRY FARM
CENTER” SELF CC, CD, CG, CH, SAT -PHARMACY AVERAGES 700 PRESCRIPTIONS PER
460 COUNTY ROAD 111 SCAN) CS, FL, GC, LIM-GF, 7 – 9 SUN
(CAPTAIN DANIEL ROE HWY) GM, LIM-GY, HD, WEEK, OR $50,000
& CHAPMAN BOULEVARD HMR, JB, KS, LT, -HOME DELIVERY AVAILABLE VIA “JOSEPHINE’S
LIM-N, OL, RC, RX,
MANORVILLE, NY SUBS, WS, SS SHOPPING SERVICE”
-SALES RANGE FROM THE LOW-MID $300,000’S NON-
11949
SUMMER WEEKS TO THE LOW $400,000 RANGE
(BROOKHAVEN)
SUMMER WEEKS

-STRONG PERISHABLES “POWER ALLEY” INCLUDES A
40’ COLD DELI THAT FEATURES THE BOAR’S HEAD

PRODUCT LINE

-EXCELLENT GROCERY OPERATIONS
-EXTREMELY CLEAN & SPACE EFFICIENT STORE
-100% FULLY LEASED & OCCUPIED SHOPPING

CENTER ALSO HOUSES TRUE VALUE, TEACHERS
FEDERAL CREDIT UNION, TOWNE CELLARS WINE &
SPIRITS, BAGEL PALACE, AT&T, MEGATOM POOLS,
KUMON, DANCE CENTRE, & SEVERAL OTHERS;
MCDONALD’S TRADES ON A PAD AND 7-11 GAS &

CONVENIENCE STORE SITS IN FRONT

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

38 VACANT KING KULLEN #38 39,170 NSC EX -TARGET CONFIRMED TO OPEN HERE BY
(PLANNED TARGET) APPROXIMATELY OCTOBER 15, 2018 AT CURRENT
“INDEPENDENCE PLAZA”
SIZE
307 INDEPENDENCE PLAZA
-KING KULLEN CLOSED ON SEPTEMBER 1, 2016
C MIDDLE COUNTRY ROAD & -REPLACEMENT STORE THAT OPENED HERE IN 1992;
BOYLE ROAD
L REPLACED AN OLD 30,000 TOTAL SQUARE FOOT
SELDEN, NY 11784- UNIT DIRECTLY ACROSS BOYLE ROAD (WHERE
O 2400 SHOPRITE TRADES TODAY)
-52,250 TOTAL SQUARE FOOT UNIT
S -2015 SALES WERE AVERAGING ONLY $235,000 PER
WEEK (INCLUDING $25,000 - $30,000 IN
E PHARMACY)
-SALES WERE DOWN MORE THAN 30% SINCE
D OCTOBER 2012 WHEN SHOPRITE OPENED ACROSS
BOYLE ROAD, AND OTHER MORE RECENT

COMPETITIVE ACTIVITY

-ANCHORS A STRONG 245,457 GLA SHOPPING
CENTER THAT OPENED IN 1992 AND TODAY ALSO
INCLUDES THE HOME DEPOT, GNC, LIQUORS, SUE’S
CARD$MART, JACKSON-HEWITT, T MOBILE, AT&T,
NISHIKI HIBACHI, CUSTOM EYES OPTICAL, ALLSTATE,
KARAKO SUITS, TEACHERS FEDERAL CREDIT UNION,
SPORTSCLIPS, & MANY OTHERS + A NEWER RITE AID

PHARMACY ON A PAD

matthew p. casey & associates April 2018

SUFFOLK COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES / LOC** PKG*** #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

39 KING KULLEN #51 $360,000 26,590 $13.54 NSC G 12 SC 2XC, ATM, BAK, 7 – 10 M – -ON-SITE REPLACEMENT STORE THAT OPENED IN
“WADING RIVER COMMONS”
6233 ROUTE 25A & (INC. 4 BM, BR, LIM-CB, SAT 2002 & NEVER REMODELED
WADING RIVER MANOR ROAD SELF
CC, CD, CH, CS, FL, 7 – 9 SUN -REPLACED STORE #2 (15,500 SELLING SQUARE
WADING RIVER, NY
SCAN) GC, GF, LIM-GY, FEET) AT OPPOSITE END OF THIS SAME PLAZA (NOW
11792
LIM-HMR, LIM-KF, A GYM AND ACE HARDWARE)

KS, LT, LIM-N, OB, -VERY WELL ESTABLISHED IN TOWN

RC, SS, LIM-STS, -SPACE EFFICIENT, WELL MAINTAINED FACILITY

WS -STRONG OPERATIONS & PERISHABLES

-LACKS IMMEDIATE COMPETITION IN WADING RIVER &

TO THE EAST

-SALES HERE WERE IMPACTED ABOUT $25,000 PER
AVERAGE WEEK AFTER STOP & SHOP ACQUIRED

SUPER FOODTOWN IN ROCKY POINT IN SEPTEMBER

2017
-THIS STORE’S VOLUME INCREASES ABOUT 10% IN

THE SUMMER MONTHS (BLENDED INTO SALES

LISTED)
-EXCELLENT 32’ COLD DELI FEATURES THE BOAR’S

HEAD PRODUCT LINE AND GREAT SALAD VARIETY

-KING KULLEN IS A UNION CHAIN
-BOZZUTO’S SUPPLIED

-NEIGHBORHOOD SHOPPING CENTER ALSO HOUSES

ALPINE WINE & LIQUOR, CHINESE RESTAURANT,

TRUFFLES RESTAURANT, PET CONNECTION, DEFINED

FITNESS, ACE HARDWARE, & SMALL SHOPS (SOME

VACANT); CVS/PHARMACY IS LOCATED ON AN

ADJACENT PAD

matthew p. casey & associates April 2018