NNN-Leased Bank
For Sale
Contact for pricing
Pending
4881 Merrick Road, Massapequa Park, NY 11762
Freestanding banking facility occupied by Citibank under a NNN lease with retail and office components.
Property Size4,624 SF
Lot Size0.09 Acres
Days on Market144
Property Features for 4881 Merrick Road
General Information
Standard status
Pending
Size
4,624 SF
Lot size
0.09 Acres
Property subtype
Retail, Office
Occupancy
100%
Additional Details
Gross Income
$112,044
Frontage
40 ft
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Maltz Auctions
(516) 349-7022
Listed By:
Richard Maltz · License #NY 10311204111
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 4:46PM
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 Maltz Auctions
Investment Insights
Based on property information with market context.
The property is a 4,624-square-foot bank building occupied in its entirety by Citibank. The interior includes 3,734 square feet of retail area and 890 square feet of office space, providing a defined mix of customer-facing and administrative areas. The lease is structured on an NNN basis, with the tenant responsible for 100% of expenses. The lease includes three ten-year extension options and annual CPI escalations subject to a 3% cap.
The building sits on a 4,080-square-foot lot measuring 40 feet by 102 feet, with 40 feet of frontage along Merrick Road. It is located at 4881 Merrick Road in Massapequa Park, between Park Boulevard and Cartwright Boulevard. The property is in Nassau County and is identified as Section 53, Block 88, Lot 373.
The building sits on a 4,080-square-foot lot measuring 40 feet by 102 feet, with 40 feet of frontage along Merrick Road. It is located at 4881 Merrick Road in Massapequa Park, between Park Boulevard and Cartwright Boulevard. The property is in Nassau County and is identified as Section 53, Block 88, Lot 373.
Key Highlights
- Citibank occupies the entire 4,624 SF building under an NNN lease
- 3,734 SF of retail space plus 890 SF of office space
- Three 10‑year lease extensions with annual CPI escalations capped at 3%
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 11762, NY
22,439
Population
7,783
Households
2.9
Avg Household Size
43
Median Age
51%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
7,012
Density / Sq Mi
$170,799
Median Household Income
$70,314
Median Earnings
$2,886
Median Rent
$623,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding banking facility occupied by Citibank under a NNN lease with retail and office components.
Where is this nnn property located?
The property is located at 4881 Merrick Road Massapequa Park, NY.
What are key features of this property?
This property features: Citibank occupies the entire 4,624 SF building under an NNN lease; 3,734 SF of retail space plus 890 SF of office space; Three 10‑year lease extensions with annual CPI escalations capped at 3%
