351 Main St Freeport, NY 11520-5114

This Freeport, NY medical office building offers a compelling investment opportunity. The 7,360 square foot, two-story building is 100% occupied by DaVita Kidney Care under a NNN lease with a corporate guarantee. The current lease has approximately 4.4 years remaining, with three, five-year renewal options and annual rent increases. The property boasts a strong 5.75% cap rate (5.89% pro-forma) and a substantial NOI of $191,065 ($195,824 pro-forma). Built in 2001, the building sits on a 22,072 square foot lot and includes 45 parking spaces. Conveniently located at 351 S Main St, Freeport, NY 11520, it's minutes from the Freeport LIRR station and JFK International Airport. The property is zoned for Marine Industries and presents a stable, high-return investment with a long-term tenant. The asking price is $3,322,870, translating to $451.48 per square foot. This is a fee simple ownership opportunity with a proven track record of occupancy since March 19, 2014.