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131 Jericho Tpke 9,753 SF 100% Leased Retail Building Mineola, NY 11501 $5,250,000 ($538.30/SF) 5.52% Cap Rate
Investment Highlights
- Fully Leased Neighborhood Retail Strip Center: ±9,753 SF multi-tenant retail property delivering stable in-place income.
- Stable Cash Flow with Contractual Rent Increases: Leases feature annual rent growth providing built-in NOI upside.
- 56 On-Site Parking Spaces: Convenient parking configuration with 40 spaces in front and 16 spaces in rear
Executive Summary
Cushman & Wakefield’s Long Island Investment Sales Team is pleased to exclusively offer for sale 131 Jericho Turnpike in Mineola, NY — a fully leased ±9,753 SF neighborhood retail strip center located along one of Nassau County’s most established commercial corridors.
The property is 100% leased to a diversified mix of service-oriented tenants including Kumon, Four Leaf Federal Credit Union, U.S. Tae Kwon Do, Audibel Hearing Center, and Klebanoff Attorneys, providing stable in-place income supported by contractual rent increases and daily-needs retail demand.
Situated on a ±28,227 SF lot with strong frontage along Jericho Turnpike, the asset benefits from excellent visibility, convenient ingress and egress, and 56 on-site parking spaces (40 front / 16 rear). The surrounding trade area features dense residential neighborhoods, strong household incomes, and proximity to the Mineola LIRR Station and NYU Langone Hospital.
This offering provides investors the opportunity to acquire a stabilized neighborhood retail investment with immediate cash flow in a supply-constrained Nassau County submarket.
The property is 100% leased to a diversified mix of service-oriented tenants including Kumon, Four Leaf Federal Credit Union, U.S. Tae Kwon Do, Audibel Hearing Center, and Klebanoff Attorneys, providing stable in-place income supported by contractual rent increases and daily-needs retail demand.
Situated on a ±28,227 SF lot with strong frontage along Jericho Turnpike, the asset benefits from excellent visibility, convenient ingress and egress, and 56 on-site parking spaces (40 front / 16 rear). The surrounding trade area features dense residential neighborhoods, strong household incomes, and proximity to the Mineola LIRR Station and NYU Langone Hospital.
This offering provides investors the opportunity to acquire a stabilized neighborhood retail investment with immediate cash flow in a supply-constrained Nassau County submarket.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
9,753 SF
Building Class
B
Year Built
1997
Price
$5,250,000
Price Per SF
$538.30
Cap Rate
5.52%
NOI
$289,555
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.65 AC
Zoning
B-1 - B-1 Business Zoning permitting neighborhood retail, service, office, and financial uses along Jericho Turnpike corridor.
Parking
56 Spaces (5.74 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Wheelchair Accessible
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Audibel Hearing Center
- Health Care and Social Assistance
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99,999 SF
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Lorem Ipsum
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Jan 0000
- Four Leaf Federal Credit Union
- Finance and Insurance
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99,999 SF
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Lorem Ipsum
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Jan 0000
- Klebanoff Attorneys, PC
- Services
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99,999 SF
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Lorem Ipsum
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Jan 0000
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- Educational Services
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99,999 SF
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Lorem Ipsum
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Kumon began in 1954 when Toru Kumon created math worksheets for his son in Japan. This self-learning method became the Kumon Math Program. The company expanded internationally in 1974 after publishing a book about its techniques. Today Kumon offers individualized learning programs in mathematics and reading. The curriculum aims to help students advance beyond their school grade level through daily practice. Kumon centers operate worldwide using this established method.
- U.S. Taekwondo School
- Health Care and Social Assistance
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99,999 SF
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Audibel Hearing Center | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Four Leaf Federal Credit Union | Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Klebanoff Attorneys, PC | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
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Educational Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| U.S. Taekwondo School | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $310 | |
| Land Assessment | $14,834 | Total Assessment | $15,144 |
Property Taxes
Parcel Numbers
Land Assessment
$14,834
Improvements Assessment
$310
Total Assessment
$15,144
Contacts
-
Daniel Abbondandolo -
Joegy Raju -
Victor Little -
Lincoln Cioffi -
Cushman & Wakefield
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131 Jericho Tpke
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