Pay-O-Matic Corporate Offices

Description:

The property is located in Syosset, New York in Nassau County, Long Island. It is currently leased to Pay-O-Matic check cashing. They use the property as their corporate offices.

PAY-O-MATIC is New York’s largest provider of check cashing and financial services, handling nearly 20 million transactions annually. Founded in 1958, PAY-O-MATIC has grown to 148 stores throughout the New York metropolitan area in neighborhoods throughout Manhattan, Bronx, Brooklyn, Queens, Long Island and the NYC area

Property consists of 1 Tenant: Double Net Leased Property, Landlord Responsible for the real estate taxes only
PAY-O-MATIC has a long operating history (over 15 years) at this location
Lease Commencement: December 1, 2024
Lease Expiration: November 30, 2027
There is a 6-month cancellation clause for both the landlord and the tenant.
The current lease is double net NN at $323,131.56 annually.
The real estate taxes are currently at approximately $138,000 annually.
Rent Escalations: 3% Annually
Tenant is responsible for Insurance, Common Area, Roof & Structure, HVAC and Utilities
Parcel#: 2489-15-G-00-0033-0 / Block & Lot#: G / 33
Building Size: 14,888 Square Feet
Lot Size: 30,056 Square Feet / 0.69 Acres
40 Space Parking Lot
Zoning: Light Industry (LI), Industrial Zone
Year Built / Renovated: 1978
Type of Ownership: Fee Simple

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