2885 Grand Ave Baldwin, NY 11510
Sponsored
High-Yield NNN Lease, Prime Location
Property size:
579 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 2885 Grand Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 579 SF
- Lot Size
- 6,534 SF
HighLights
- $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.
- Located on a hard corner site in a high‑traffic area with over 27,500 vehicles per day.
- Tenant is Farm Stores, a franchise with 70+ locations, offering a drive‑thru convenience store concept.
- Strong demographics, with over 400,000 residents within a 5‑mile radius and an average household income exceeding $130,000.
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Baldwin
- County
- Nassau
- State
- New York
- Longitude
- -73.6127322
- Latitude
- 40.6387831
Nearby Similar for Sale
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.
