2150 Merrick Rd Merrick, NY 11566
- Retail properties
- 2,412 SF
- 0.31 lot acres
Current Use by Public Records
- Citizens / Atm / Financial Planner
- Citizens ATM / Atm
Property Details for 2150 Merrick Rd
- Year built
- 2017
- Lot size
- 0.31 lot acres
- Property size
- 2,412 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 2,412 square foot retail property located at 2150 Merrick Road in Merrick, New York, within a prime Nassau County business corridor. The property sits on a 0.31-acre lot and is currently 100% occupied by a national tenant boasting a BBB+ credit rating, ensuring a stable and secure income stream. The existing lease is a triple-net (NNN) agreement, meaning the tenant is responsible for all operating expenses, significantly reducing landlord responsibilities. The lease features a long-term commitment extending through 2035, with options for an additional 20 years. Furthermore, the lease includes a built-in mechanism for secure growth, with annual rent increases tied to a 10% Consumer Price Index (CPI) block. This provides a hedge against inflation and ensures consistent rental income growth. The tenant demonstrates a strong commitment to the Northeast and Long Island markets, further solidifying the investment's stability and long-term potential. The building itself encompasses 2,490 square feet, entirely dedicated to retail space. This property offers a compelling investment opportunity for those seeking a low-maintenance, high-return asset with significant long-term growth potential. Contact us today for detailed financial information and to schedule a viewing.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merrick
- County
- Nassau County
- State
- New York
- Longitude
- -73.5445
- Latitude
- 40.6586
