NNN Leased Farm Stores
For Sale
Contact for pricing
2885 Grand Ave, Baldwin, NY 11510
Single tenant NNN leased Farm Stores with 20-year lease.
Property Size579 SF
Price / SF$3,222
Days on Market2102
Property Features for 2885 Grand Ave
General Information
Standard status
Active
Size
579 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$107,313
Building Details
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed By:
Eric Carlton · License #CA 01809955
Source:
Crexi
Added: Nov 19, 2020
Changed: Aug 11
Last Checked: Aug 21 at 6:09PM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Brand new 20‑year absolute NNN lease offers zero landlord obligations.
- Lease is backed by four personal guarantees.
- Enjoy 2.5% annual rental increases.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11510, NY
34,617
Population
11,463
Households
3
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
8,242
Density / Sq Mi
$141,120
Median Household Income
$62,185
Median Earnings
$1,695
Median Rent
$578,600
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?
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.
