Available For Sale - Retail

2,163 SF | Show Pricing $

AVAILABILITY DETAILS

Size
2,163 SF
Price/SF
Show Pricing $
Listing ID
SA449906
Notes
Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Taco Bell in Freeport, New York. This Taco Bell has a rare corporate, long-term, triple net ground lease. The lease offers four, five-year renewal options with 10 percent rent increases every five years throughout the base term and option periods, making this asset an extremely secure investment.

The Subject Property is strategically located 12 miles from John F. Kennedy International Airport in the New York City suburb of Freeport and benefitting from its close proximity to New York City and the surrounding boroughs. This Taco Bell is situated at the southeast corner of Merrick Road and South Long Beach Avenue, with a combined traffic count of more than 30,000 vehicles daily. Surrounding national retailers include Home Depot, Marshalls, Five Below, Target, AutoZone, Bank of America, Walgreens, CVS, 7-Eleven, Starbucks and many more. The property is also three miles from Rockville Centre which is a major retail and residential area and is known as one of the best places to live in New York.

The surrounding area is an extremely dense trade area with more than 13,000 workers living within just one mile of the Subject Property with easy access to more than 1.4 million residents in just 10 miles. The average household income in New York City is well above the U.S. median, and within five miles is nearly $126,000.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Barry Wolfe, Wolfe-Lipsky Retail Group of Marcus & Millichap