Single-Tenant Retail Bank
2410 N Ocean Ave Farmingville, NY 11738
2410 N Ocean Ave, Farmingville, NY, 11738
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For Sale
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Teachers Federal Credit Union retail condominium includes a four-lane drive-thru and is leased through December 31, 2027.
Days on Market104
Property Features for 2410 N Ocean Ave
General Information
- Standard status
- Active
- Property subtype
- Retail, Office
Listing agency
The Boulder Group
(847) 562-0003
Listed by
Randy Blankstein · License #IL 471005983
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 4:13AM Checked: Jul 21 at 4:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant commercial condominium is leased to Teachers Federal Credit Union and operated as a retail financial institution. The property includes a four-lane drive-thru and features a 10,578-square-foot retail condominium structure.
Located in a densely populated area just north of the Long Island Expressway, the property sits on North Ocean Avenue. North Ocean Avenue is described as experiencing traffic counts of 52,000 vehicles per day, while the Long Island Expressway is described as experiencing traffic counts of 128,000 vehicles per day. The immediate retail destination includes Super Stop & Shop, CVS, Lowe’s, Target, and Sam’s Club.
The lease provides over eleven years remaining, with a lease expiration date of December 31, 2027. The net lease includes 2% annual rental escalations throughout the primary term and each of two 5-year renewal option periods.
Located in a densely populated area just north of the Long Island Expressway, the property sits on North Ocean Avenue. North Ocean Avenue is described as experiencing traffic counts of 52,000 vehicles per day, while the Long Island Expressway is described as experiencing traffic counts of 128,000 vehicles per day. The immediate retail destination includes Super Stop & Shop, CVS, Lowe’s, Target, and Sam’s Club.
The lease provides over eleven years remaining, with a lease expiration date of December 31, 2027. The net lease includes 2% annual rental escalations throughout the primary term and each of two 5-year renewal option periods.
Key Highlights
- Single‑tenant Teachers Federal Credit Union retail condominium in Long Island, NY
- Lease expires December 31, 2027, with over 11 years remaining
- Net lease includes 2% annual rental escalations throughout the primary term and both 5‑year renewal option periods
Property Analytics
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FAQs
What type of property is this?
Bank - Teachers Federal Credit Union retail condominium includes a four-lane drive-thru and is leased through December 31, 2027.
Where is this bank located?
The property is located at 2410 N Ocean Ave Farmingville, NY.
What are key features of this property?
This property features: Single‑tenant Teachers Federal Credit Union retail condominium in Long Island, NY; Lease expires December 31, 2027, with over 11 years remaining; Net lease includes 2% annual rental escalations throughout the primary term and both 5‑year renewal option periods
