2012 Sunrise Hwy Merrick, NY 11566-3825
- Banks
- 9,000 SF
- 0.23 lot acres
Current Use by Public Records
- Lenox Hill Radiology | Merrick / Medical Diagnostic Imaging Center / Mri Center
- Zwanger-Pesiri Radiology / Medical Diagnostic Imaging Center / Radiologist
Property Details for 2012 Sunrise Hwy
- Year built
- 1965
- Lot size
- 0.23 lot acres
- Property size
- 9,000 SF
- Property type
- Banks
- APN
- 55-130-00-0101
- APU
- 55130000101
Description
This exceptional investment opportunity comprises three Class A medical office buildings in prime Nassau County, NY locations: Merrick, Lynbrook, and Levittown. Each building is strategically situated on major thoroughfares with high traffic counts and surrounded by national retailers, ensuring excellent visibility and accessibility. The properties boast a combined square footage ranging from 6,970 to 12,315 square feet, situated on lots ranging from 0.46 to 1.2 acres. All three buildings are currently under a triple net (NNN) lease with RadNet, a leading provider of medical imaging and radiology services, with nine years remaining on a ten-year lease term, expiring January 30, 2031. The lease includes two five-year renewal options and a 3% annual rent increase. Annual rent totals $1,993,000, providing a stable and predictable income stream. The properties benefit from strong demographics, with a wealthy population and increasing demand for medical imaging services. This portfolio offers a rare opportunity to acquire a diversified, high-yield investment in a thriving Long Island market. The permitted zoning for all properties is Medical. Buildings were constructed in 2013.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $60,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merrick
- County
- Nassau
- State
- New York
- Longitude
- -73.5521
- Latitude
- 40.6626
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
