For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

2885 Grand Ave Baldwin, NY 11510

Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

High-Yield NNN Lease, Prime Location

Property size:
579 SF

Property Features for 2885 Grand Ave

General Information

Property type
Individual retail properties
Square Feet
579 SF
Lot Size
6,534 SF

We can help!

Listing Contact
Eric Carlton
Eric Carlton

Listing Agency: Colliers Listing Agent: Eric Carlton

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional investment opportunity presents a 579-square-foot convenience store in Baldwin, NY, boasting a brand-new, 19.1-year absolute NNN lease with Farm Stores (Farm Stores Franchising LLC), commencing January 1, 2021, and expiring January 31, 2040. The property, situated on a 0.15-acre lot (APN: 54-275-00-0227), enjoys a 100% occupancy rate and generates a substantial net operating income (NOI) of $107,313, translating to a compelling 5.75% cap rate. The asking price is $1,866,000, or $3,222.80 per square foot. This strategically located store benefits from high visibility on a major thoroughfare in Baldwin, serving a densely populated area with an average household income exceeding $130,000 within a 5-mile radius. The lease includes 2.5% annual rent increases, minimizing landlord responsibilities and ensuring long-term financial stability. The tenant, a well-established convenience store chain with over 70 locations, experienced a 45% sales surge during the pandemic, highlighting the resilience and demand for this essential retail model. This presents a rare opportunity to acquire a secure, high-performing NNN investment within the New York City metropolitan area, offering significant long-term growth potential and minimal management overhead. The property's strong fundamentals, coupled with the tenant's proven track record and aggressive expansion plans, make this a truly exceptional investment prospect.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Baldwin
County
Nassau
State
New York
Longitude
-73.6127322
Latitude
40.6387831

FAQs

What type of property is this?
Individual retail property - High-Yield NNN Lease, Prime Location
Where is this individual retail property 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: $1,866,000 asking price for a 579 SF convenience store in Baldwin, NY.; Absolute NNN net lease with 15.2 years remaining on a 19.1-year term (commencing 01/01/2021 and expiring 01/31/2040).; 5.75% cap rate with a $107,313 NOI.
(949) 724-5561 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message