Rare Investment Opportunity BBB+ Rated Tenant
$3,100,000
1250 Merrick Road, Merrick, NY 11566
For Sale
Commercial
Active
Last Updated: 01/09/2025
4.72
Cap Rate
145,750
NOI
Details:
Cap Rate: 4.72%
NOI: $145,750
Building Size: 2,412 sqft
Lot Area: 0.31 acres
Units: 1
Lease Type: Ground
Year Built: 2017
Zoning: Commercial Business District
Tenancy: Single
Parking Spots: 18
Investment Strategy: Opportunistic
Lease Expire Year: 2032
Highlights:
- Secured Asset Investment - Rare Opportunity Long Island NY ** Prime Nassau County Corridor
- National BBB+ Credit Tenant
- Commitment to Northeast Area Ground Lease
- Zero Landlord Responsibilities
- Long Term Lease w/ 20 Years in Options
- RARE DRIVE THRU WINDOW
Description:
***** Secure Lease Investment on Long Island, N.Y. *****
Sited on Prime Transit, Commercial & Pedestrian Corridor
High Residential Sales Demographic
Daily Traffic Counts ~27k- 39k V.P.D.
Prime CORNER Parcel / Double-Wide Dual In /Out Egress (X2)
* Rare DRIVE THRU WINDOW
Strong Consumer Demographic Area
Long Term Lease w. 10% every 5 year C.P.I Increases
Additional 20 + Years in 5 year block Options ( Block 5 N.O.I = $234,731 )
Stable National Credit (BBB+) Investment Bank Tenant
Consistent Growth - Citizens Quarterly Report 2024
Long Island/ Northeastern Tenant w. Strong Area Commitment
* Call for Details - D.N.D. Tenant
Location
Gallery
