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