1174 Jericho Tpke Commack, NY 11725-3003

This exceptional investment opportunity presents a 2,200 square foot bank building situated on a 0.75-acre lot at 1174 Jericho Turnpike in Commack, NY 11725. The property boasts a strong net operating income (NOI) of $216,435, yielding a 6.10% capitalization rate. The building features 24 parking spaces and benefits from over 150 feet of frontage on a highly visible, lighted T-intersection with an average daily traffic count exceeding 22,451 vehicles. The property is zoned for Neighborhood Business use and enjoys a prime location in a high-income, high-traffic area. The current tenant, a corporate-backed bank with 150 branches in NY/NJ, holds a 20-year lease with five years remaining and four 5-year options. This branch holds $44 million in deposits and is the second largest of seven Investors Bank branches in Suffolk County. Lease renewals include a 13% increase. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential. The asking price is $3,550,000, translating to $1,613.64 per square foot.