699 Merrick Rd Valley Stream, NY 11580
- Retail properties
- 27,000 SF
Current Use by Public Records
- Retail properties
Property Details for 699 Merrick Rd
- Property size
- 27,000 SF
- Property type
- Retail properties
Description
This exceptional retail property at 699 Merrick Road, Lynbrook, NY 11580, offers a compelling investment opportunity. The 27,000 square foot building boasts a strong tenant roster, including Dollar Tree, Cooper Electric (Corporate), UPS, and a deli, generating substantial income. The property features two convenient parking lots for customer and employee use. The building has recently undergone renovations. Financial performance is robust, with a total annual income of approximately $770,000. Estimated annual expenses include approximately $135,000 for taxes, $18,000 for insurance, and $5,000 for cleaning and snow removal. This results in a Net Operating Income (NOI) of approximately $549,000. Individual tenant lease payments are approximately: Dollar Tree ($275,000 annually), Cooper Electric ($310,000 annually), UPS ($84,000 annually), and the deli ($38,000 annually). The asking price for this high-performing retail center is $7,840,000. This property presents a rare chance to acquire a well-located, income-producing asset in a thriving Nassau County market. The strong tenant mix and substantial NOI make this an attractive investment for discerning buyers. Contact us today to learn more about this exceptional opportunity.
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
- Valley Stream
- County
- Nassau
- State
- New York
- Longitude
- -73.6884
- Latitude
- 40.6622
