305 Rockaway Turnpike Lawrence, NY 11559
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Property Features for 305 Rockaway Turnpike
General Information
- Property type
- Individual retail properties
- Square Feet
- 1,900 SF
- Price / Square Foot
- $1,460
- Elevators
- N/A
- Net Rentable
- 1,900 SF
Overview
Lawrence Convenience Store NNN Lease
The subject property is a single-tenant net-leased convenience store located at the corner of Rockaway Turnpike and Burnside Avenue in Lawrence, New York. Leased to Circle A Deli, the absolute NNN lease began in 2003 and extends through September 30, 2031, featuring a 3% annual increase without renewal options. The tenant is responsible for all property expenses, including real estate taxes, insurance, maintenance, repairs, roof, and structure, resulting in zero landlord responsibilities. The property is situated on the most heavily traveled corner in Lawrence, occupying a 9,888 square foot lot (102’ x 97’) with dedicated parking for 12 cars and curb cuts on both Rockaway Turnpike and Burnside Avenue. As an outparcel to a 63,000 square foot shopping center anchored by Pollo Campero, Planet Fitness, Dollar Tree, and Advance Auto Parts, the site benefits from its proximity to national retailers and high traffic counts of approximately 81,000 vehicles per day. The building size is 1,900 square feet. This is an opportunity to acquire a zero-management retail asset with a tenant that has been at this location for over 22 years, benefiting from strong demographics and incredible daily traffic counts.
HighLights
- Single‑Tenant Net‑Leased Zero‑Management Conveneince Store That has Been at This Locations Since 2003, and has a NNN Lease That runs Through September 2031. Outstanding Corner Real Estate in Lawrence (Five Towns), NY. Property Benefits From 81K Vehicle Per Day Traffic Counts and the Site is Surrouned by National Retailers in Every Direction. Located on the Busiest Intersection in Lawrence. The Site has Parking for 12 Cars and it is an Outparcel to a 63K SF Shopping Center.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dylan Self Storage ...
Storage Facility
Circle A Convenience Store
Grocery & Convenience Store
Big Deal Burger
Restaurant
Wing Boss
Restaurant
Lawrence Unisex
Barber Shop
Location Insight
- Map
- Local Demand
- City
- Lawrence
- State
- New York
- Longitude
- -73.7302854
- Latitude
- 40.616317
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Circle A Convenience Store - Absolute NNN Lease
Where is this individual retail property located?
The property is located at 305 Rockaway Turnpike Lawrence, NY.
What is the asking price?
The asking price for this property is $2,775,000.
What are key features of this property?
This property features: Single-Tenant Net-Leased Zero-Management Conveneince Store That has Been at This Locations Since 2003, and has a NNN Lease That runs Through September 2031.
Outstanding Corner Real Estate in Lawrence (Five Towns), NY. Property Benefits From 81K Vehicle Per Day Traffic Counts and the Site is Surrouned by National Retailers in Every Direction.
Located on the Busiest Intersection in Lawrence. The Site has Parking for 12 Cars and it is an Outparcel to a 63K SF Shopping Center.
