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Investment Property For Sale In Merrick Long Island

Description

Amazing opportunity to own an investment property In Merrick town, Long Island.
The property was completely renovated in 2017 and features an incredible chance to own a triple net lease national tenant as Citizens Bank.
Prime corner property with a drive thru alley and parking for at least 10 cars makes this property unique.
The long term lease of 15 years and option to renew the lease for another 20 years makes this investment secure and hassle free.

Features

Total Square Footage 2412
Lot Size 125x110
Property Type Commercial
Year Built 1965
Broker Name Papp Realty
Occupancy Rate 100%
Floors in Bldg 1
Parking 10 cars
Corner Property Yes

Pricing

Price $2,700,000.00
Net Operating Income 145752
Cap Ratio 4.87%

Building Amenities

  • Security System
  • On-site Security
  • HVAC
  • Fire Protection System
  • Citizens Bank Tenant
  • Drive Thru

Exterior Amenities

  • Parking Lot
  • Near Highway
  • Near Public Transit

2150 Merrick Road
Merrick NY 11566


Romero Papp
Papp Realty
44-02 30th Avenue
Astoria NY 11103
 |  718-316-7199

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