351 Main St Freeport, NY 11520-5114
- Office buildings
- 6,160 SF
- 0.51 lot acres
Mar 13, 2025
Current Use by Public Records
- DaVita Freeport Kidney Center / Dialysis Center / Local Medical Services
Property Details for 351 Main St
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 0.51 lot acres
- Property size
- 6,160 SF
- Property type
- Office buildings
- APN
- 62-044-00-0387
- APU
- 62044000387
Description
This Freeport, NY medical office building offers a compelling investment opportunity. The 7,360 square foot, two-story building is 100% occupied by DaVita Kidney Care under a NNN lease with a corporate guarantee. The current lease has approximately 4.4 years remaining, with three, five-year renewal options and annual rent increases. The property boasts a strong 5.75% cap rate (5.89% pro-forma) and a substantial NOI of $191,065 ($195,824 pro-forma). Built in 2001, the building sits on a 22,072 square foot lot and includes 45 parking spaces. Conveniently located at 351 S Main St, Freeport, NY 11520, it's minutes from the Freeport LIRR station and JFK International Airport. The property is zoned for Marine Industries and presents a stable, high-return investment with a long-term tenant. The asking price is $3,322,870, translating to $451.48 per square foot. This is a fee simple ownership opportunity with a proven track record of occupancy since March 19, 2014.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Nassau
- State
- New York
- Longitude
- -73.5755
- Latitude
- 40.6478
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
