2150 Merrick Rd Merrick, NY 11566

This exceptional investment opportunity presents a 2,870 square foot, single-tenant, free-standing retail building leased to a BBB+ rated Citizens Bank. Located at 2150 Merrick Road in Merrick, NY (Nassau County, zip code 11566), this Class B property boasts a prime corner location on a high-traffic commuter and pedestrian corridor, offering excellent visibility and accessibility. The property features 15 parking spaces, a rare drive-thru window, and pylon signage. Constructed in 2017 and renovated in 2020, the building sits on a 0.31-acre lot and benefits from a 15-year NNN lease (commencing June 19, 2015, expiring June 19, 2030), with approximately 5.6 years remaining on the base lease. The lease includes four options, with a 10% rent increase every five years. The current NOI is $146,200, with a pro-forma NOI of $234,731, resulting in a current cap rate of 4.30% and a pro-forma cap rate of 7.00%. The asking price is $3,200,000, translating to a price per square foot of $1,114.98. This stabilized, single-tenant net lease investment offers a secure and lucrative return with significant long-term potential. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any portfolio.