1123 Jerusalem Ave
Uniondale, NY 11553
Walmart NNN Leased Property · Retail Property For Sale

Rare opportunity to purchase the fee simple interest in the Walmart property located at 1123 Jerusalem Avenue in the town of Uniondale in Nassau County, New York. The property, which sits on a 6.09± acre lot, consists of a 112,267± SF building, which includes 20,086± SF of mezzanine space, a large parking lot for customers and dedicated parking for employees. The property is strategically located in the Uniondale Shopping Center on Jerusalem Avenue right off of the Southern State Parkway and the Meadowbrook Parkway. The tenant is operating under a triple net lease with a corporate guarantee, paying $800,000 annually. The tenant has four more years on its current five-year option. After this expires, the lease provides for 23 additional years of options broken down between four (4) five (5) year options, and one (1) three (3) year option. The purchase of this asset presents a phenomenal opportunity for a new owner to acquire an extremely safe investment with the world’s largest retailer. Substantial capital improvements paid for by the tenant signal a long-term commitment to this specific location.