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16 Forest Ave 3,230 SF Office Building Glen Cove, NY 11542 $8,950,000 ($2,770.90/SF)
INVESTMENT HIGHLIGHTS
- New Construction
- Drive-thru
EXECUTIVE SUMMARY
NEW CONSTRUCTION | SINGLE-TENANT NNN INVESTMENT
FourLeaf Federal Credit Union – Glen Cove, NY
We are pleased to offer a brand-new FourLeaf Federal Credit Union for sale in Glen Cove, New York, located within Long Island’s highly sought-after Gold Coast, approximately 30 miles east of New York City.
This single-tenant, net-leased (NNN) asset features a 15-year initial lease term commencing January 1, 2026, providing investors with long-term, passive income. The lease includes two scheduled rent increases within the initial term, enhancing income growth over the hold period.
The tenant is responsible for all real estate taxes, insurance, and CAM, ensuring minimal landlord obligations. The property is new construction and includes a drive-thru, a highly desirable feature for modern financial institutions.
Investment Highlights:
Brand-new construction
Single-tenant NNN lease
15-year initial lease term
Lease commencement: January 1, 2026
Two rent bumps during the initial term
Tenant pays all taxes & CAM
Drive-thru facility
Prime Gold Coast location
Approximately 30 miles from NYC
An excellent opportunity to acquire a high-credit, low-maintenance investment in one of Long Island’s premier markets.
FourLeaf Federal Credit Union – Glen Cove, NY
We are pleased to offer a brand-new FourLeaf Federal Credit Union for sale in Glen Cove, New York, located within Long Island’s highly sought-after Gold Coast, approximately 30 miles east of New York City.
This single-tenant, net-leased (NNN) asset features a 15-year initial lease term commencing January 1, 2026, providing investors with long-term, passive income. The lease includes two scheduled rent increases within the initial term, enhancing income growth over the hold period.
The tenant is responsible for all real estate taxes, insurance, and CAM, ensuring minimal landlord obligations. The property is new construction and includes a drive-thru, a highly desirable feature for modern financial institutions.
Investment Highlights:
Brand-new construction
Single-tenant NNN lease
15-year initial lease term
Lease commencement: January 1, 2026
Two rent bumps during the initial term
Tenant pays all taxes & CAM
Drive-thru facility
Prime Gold Coast location
Approximately 30 miles from NYC
An excellent opportunity to acquire a high-credit, low-maintenance investment in one of Long Island’s premier markets.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
3,230 SF
Building Class
B
Year Built
2026
Price
$8,950,000
Price Per SF
$2,770.90
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,230 SF
Slab To Slab
10’
Building FAR
0.43
Lot Size
0.17 AC
Parking
27 Spaces
AMENITIES
- Signage
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 0600-23-001-00-0226-0 | Improvements Assessment | $700 |
| Land Assessment | $2,384 | Total Assessment | $3,084 |
PROPERTY TAXES
Parcel Number
0600-23-001-00-0226-0
Land Assessment
$2,384
Improvements Assessment
$700
Total Assessment
$3,084
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16 Forest Ave
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