Bank Property with
For Sale
Contact for pricing
490 Rockaway Turnpike, Lawrence, NY 11559
Single-tenant banking facility under an absolute NNN lease with renewal options and access from two roads.
Property SizeContact for details
Lot Size0.28 Acres
Days on Market143
Property Features for 490 Rockaway Turnpike
General Information
Standard status
Active
Lot size
0.28 Acres
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Manhattan
(212) 430-5229
Listed By:
Scott Plasky · License #NY 40PL1176852
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 3:49PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This fee-simple bank property is occupied by TD Bank under an absolute NNN lease extending through April 2029, with five years remaining and three additional five-year renewal options. Each option includes a 10% increase, while landlord responsibilities are eliminated under the lease structure. The facility includes a double drive-thru and multiple ingress and egress points serving Rockaway Turnpike and Plaza Road.
The property occupies a 12,022 SF lot at 490 Rockaway Turnpike in Lawrence, NY, near the Queens border and within Long Island’s Five Towns area. Rockaway Turnpike carries just under 82,000 vehicles per day directly in front of the site, while Nassau Expressway traffic exceeds 57,000 vehicles per day and begins at the property. Costco is located across the street, with nearby national retailers including McDonald’s, LA Fitness, 7-Eleven, Marshall’s, Chipotle, Target, Panera Bread, and Burlington Coat Factory.
The property occupies a 12,022 SF lot at 490 Rockaway Turnpike in Lawrence, NY, near the Queens border and within Long Island’s Five Towns area. Rockaway Turnpike carries just under 82,000 vehicles per day directly in front of the site, while Nassau Expressway traffic exceeds 57,000 vehicles per day and begins at the property. Costco is located across the street, with nearby national retailers including McDonald’s, LA Fitness, 7-Eleven, Marshall’s, Chipotle, Target, Panera Bread, and Burlington Coat Factory.
Key Highlights
- Absolute NNN lease with TD Bank through April 2029 and zero landlord responsibilities
- Three 5‑year renewal options, each with a 10% increase
- Double drive‑thru with multiple access points from Rockaway Turnpike and Plaza Road
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,124
Businesses Nearby
386k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 31%
Superstores 20%
Apparel 11%
Target
Superstores
76,128 visits/mo
0.3 miles
Marshalls
Apparel
38,657 visits/mo
0.3 miles
McDonald's
Dining
33,551 visits/mo
0.4 miles
Dollar Tree
Shops & Services
27,303 visits/mo
0.1 miles
Chase Bank
Shops & Services
22,258 visits/mo
0.3 miles
Demographics for 11559, NY
8,709
Population
2,849
Households
3.1
Avg Household Size
36
Median Age
56%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
2,074
Density / Sq Mi
$156,429
Median Household Income
$70,023
Median Earnings
$2,031
Median Rent
$1,108,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bank - Single-tenant banking facility under an absolute NNN lease with renewal options and access from two roads.
Where is this bank located?
The property is located at 490 Rockaway Turnpike Lawrence, NY.
What are key features of this property?
This property features: Absolute NNN lease with TD Bank through April 2029 and zero landlord responsibilities; Three 5‑year renewal options, each with a 10% increase; Double drive‑thru with multiple access points from Rockaway Turnpike and Plaza Road
