2885 Grand Ave Baldwin, NY 11510
Single tenant NNN leased Farm Stores with 20-year lease.
Type:Retail
Property size:
579 SF- Added:
- Nov 19, 2020
- Days on Market:
- 1964
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 2885 Grand Ave
General Information
- Standard status
- Active
- Size
- 579 SF
- Property subtype
- Retail
Listing agent Eric Carlton License #CA 01809955
Listing office Colliers - Los Angeles - Orange County, California
Listing date Nov 19, 2020
Source Crexi
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Overview
NNN Leased Farm Stores Asset
This single-tenant property is leased to Farm Stores under an absolute NNN lease. The lease term is for 20 years and includes four personal guarantees. Situated on a main thoroughfare in Baldwin, NY, the location benefits from high traffic volume, with over 27,500 vehicles per day. The surrounding area has a strong demographic profile, with over 400,000 residents within a 5-mile radius and an average household income exceeding $130,000. The property is suitable for essential retail designation and aligns with consumer trends favoring drive-thru services. The retailer experienced a 45% increase in sales in Delaware County, PA, due to COVID stay-at-home orders, demonstrating the concept's strength. The property offers a new 20-year guaranteed lease with 2.5% annual rental increases and zero landlord obligations. The property size is 579 square feet.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Baldwin
- County
- Nassau
- State
- New York
- Longitude
- -73.612592
- Latitude
- 40.638905
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Single tenant NNN leased Farm Stores with 20-year lease.
Where is this grocery and convenience store located?
The property is located at 2885 Grand Ave Baldwin, NY.
What is the asking price?
The asking price for this property is $1,866,000.
What are key features of this property?
This property features: Brand new 20‑year absolute NNN lease offers zero landlord obligations.; Lease is backed by four personal guarantees.; Enjoy 2.5% annual rental increases.
