8225 Jericho Tpke Woodbury, NY 11797
- Banks
- 4,086 SF
- 0.66 lot acres
Current Use by Public Records
- Bank of America (with Drive-thru ATM) / Bank / Financial Consultant
- Bank of America ATM (Drive-thru) / Atm
Property Details for 8225 Jericho Tpke
- Year built
- 2010
- Construction
- FRAME
- Lot size
- 0.66 lot acres
- Property size
- 4,086 SF
- Property type
- Banks
- APN
- 14-039-00-0001
- APU
- 14039000001
Description
This exceptional investment opportunity presents a single-tenant, Class A, 4,400 square foot Bank of America branch located at 8225 Jericho Turnpike in Woodbury, NY 11797. The property sits on a highly visible 0.66-acre hard corner lot, offering excellent exposure as an outparcel to the Woodbury Common Shopping Mall along Jericho Turnpike/NY-25E. This is a core+ investment with a strong 7.90% cap rate and a substantial net operating income (NOI) of $600,230. The absolute NNN lease with Bank of America (NYSE:BAC), a credit-rated tenant, provides significant security and ensures consistent cash flow. The lease has a remaining term of 5.2 years, expiring January 15, 2030, and boasts 100% occupancy. The property is situated in a densely populated area, with approximately 200,000 people residing within a 5-mile radius, ensuring a robust customer base. This trophy asset is located on Long Island's affluent North Shore, known for its high-net-worth residents and luxurious estates. The one-story building represents a rare opportunity to acquire a high-performing, low-risk investment in a prime location. Asking price is $7,600,000.
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
- Woodbury
- County
- Nassau
- State
- New York
- Longitude
- -73.4679
- Latitude
- 40.8165
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
