369 Merrick Ave East Meadow, NY 11554

Listing agency Berkshire Hathaway Commercial Services | Laffey International Realty

Listed by Guy Canzoneri · License #NY 10491207194

Source Crexi

Added: Apr 11 Updated: Jul 21 at 1:38PM Checked: Jul 21 at 1:38PM

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Investment Insights

Based on property information with market context.

This freestanding bank property is being offered on an absolute net-leased basis with a drive-thru. The location has been occupied by Capital One Bank since the lease commenced in 2004, with the tenant exercising both its first and second five-year options simultaneously in 2019.

Capital One Bank operates from 369 Merrick Ave in East Meadow, NY under the existing lease terms. The offering remarks also note that the tenant has deposits of well over $160,000,000 and that the early extension demonstrates continued commitment to the location and market.

For buyers seeking a single-tenant, corporately backed credit with a long-standing occupancy history, this drive-thru bank provides a straightforward, bank-specific facility configured for customer service at the site.

Key Highlights

• Freestanding, absolute net‑leased Capital One Bank building with a drive‑thru
• Capital One Bank has operated at this Merrick Avenue location in East Meadow, NY since the lease commenced in 2004
• 2019 exercised both the first and second five‑year options simultaneously

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FAQs

What type of property is this?

Bank - Freestanding, absolute net-leased bank building with a drive-thru, occupied by Capital One Bank since 2004.

Where is this bank located?

The property is located at 369 Merrick Ave East Meadow, NY.

What are key features of this property?

This property features: Freestanding, absolute net‑leased Capital One Bank building with a drive‑thru; Capital One Bank has operated at this Merrick Avenue location in East Meadow, NY since the lease commenced in 2004; 2019 exercised both the first and second five‑year options simultaneously