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East Meadow, NY - Dark TD Bank

$4,250,000

1600 Hempstead Turnpike, East Meadow, NY 11554

Active
Last Updated: 10/16/2024

10.73

Cap Rate

465,850

NOI

Details:
Cap Rate:    10.73%
NOI:    $465,850
Description:

• The asset is located near Stew Leonard’s Plaza, which is in the 78% percentile of neighborhoods centers (2.3K out of 10K) in the country and in the 73%percentile in the state
• Positioned near a LIDL, which is in the 99% percentile of LIDL locations nationwide (2 out of 162)
• Adjacent to a Wendy’s, this property is in the 93% percentile of Wendys nationwide, 70% percentile in NY
• Located near Sonic, which is in the 93% percentile nationwide, 78%percentile in NY
• Chick-fil-A recently developed a property on Hempstead Turnpike, helping draw consumers into the area
• Recently developed $25M Cricket Stadium in Eisenhower Park
• New proposed multi-billion-dollar Casino development at the site of the Nassau Coliseum
• The Las Vegas Sands Corporation plans to build a large hospitality, entertainment, and casino complex on site
• The subject property is located at the signalized, hard corner intersection of Hempstead Tpke and Merrick Ave averaging 79,900 VPD
• Directly off Meadowbrook State Pkwy (125,000 VPD), a major north/south traveling highway, running from the Atlantic coast up to the Long Island Expressway

Map:
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