2012 Sunrise Hwy Merrick, NY 11566-3825
This exceptional investment opportunity comprises three Class A medical office buildings in prime Nassau County, NY locations: Merrick, Lynbrook, and Levittown. Each building is strategically situated on major thoroughfares with high traffic counts and surrounded by national retailers, ensuring excellent visibility and accessibility. The properties boast a combined square footage ranging from 6,970 to 12,315 square feet, situated on lots ranging from 0.46 to 1.2 acres. All three buildings are currently under a triple net (NNN) lease with RadNet, a leading provider of medical imaging and radiology services, with nine years remaining on a ten-year lease term, expiring January 30, 2031. The lease includes two five-year renewal options and a 3% annual rent increase. Annual rent totals $1,993,000, providing a stable and predictable income stream. The properties benefit from strong demographics, with a wealthy population and increasing demand for medical imaging services. This portfolio offers a rare opportunity to acquire a diversified, high-yield investment in a thriving Long Island market. The permitted zoning for all properties is Medical. Buildings were constructed in 2013.
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Lenox Hill Radiology | Merrick Physician Medical Clinic
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Zwanger-Pesiri Radiology Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.