Listing Agency: United Properties Corp. Show Phone

Listed By: Ryan Rodger

Source: Moodyscre

Added: Nov 26, 2024 Changed: Jul 10 Last Checked: Jul 21 at 7:00AM

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Investment Insights

Based on property information with market context.

This retail space is located in a large shopping center that also features second-floor office space. The property benefits from a healthy tenant mix. A new development of 150 townhouses is located nearby. The property offers 2,500 square feet of space and is situated at 5505-5507 Nesconset Highway, Mount Sinai, NY.

Key Highlights

• Large shopping center with second floor office space
• Nearby new 150 town house development
• Healthy tenant mix

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Pharmacy Auto Parts Store Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.38 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,305

Businesses Nearby

192k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 33% Groceries 28% Apparel 21% Dining 12%

ShopRite Groceries

53,248 visits/mo 0.3 miles

T.J. Maxx Apparel

39,630 visits/mo 0.3 miles

Starbucks Dining

14,397 visits/mo 0.3 miles

Staples Office Supplies

13,730 visits/mo 0.3 miles

Chase Bank Shops & Services

11,441 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Similar Off Market Nearby

• Three Roads Plaza — NY-112, Port Jefferson Station, NY 11776
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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space in large shopping center, Mount Sinai, NY.

Where is this shopping center located?

The property is located at 5505-5507 Nesconset Highway Mount Sinai, NY.

What is the lease rate?

The lease rate is $22.50 SF/Yr.

What are key features of this property?

This property features: Large shopping center with second floor office space; Nearby new 150 town house development; Healthy tenant mix