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Friendly's 2151 Jericho Tpke 4,798 SF Retail Building Commack, NY 11725 $3,890,382 ($810.83/SF) 5.50% Cap Rate
Investment Highlights
- Strong Positioning and Frontage
- Strong Demographics
- Strong Corporate Guarantee
- Long - Term Triple -Net Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Friendly’s located at 2151 Jericho Turnpike, Commack, NY 11725. Th e site consists of roughly 4,798 rentable square feet of building space on an estimated 1.01 -acre parcel of land. This Friendly’s is subject to a Triple Net (NNN) lease, which has over 13 years of term remaining. The current annual rent is $219,971 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,798 SF
Building Class
C
Year Built
1981
Price
$3,890,382
Price Per SF
$810.83
Cap Rate
5.50%
NOI
$213,971
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.01 AC
Frontage
Amenities
- Dedicated Turn Lane
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-090-00-02-00-005-002 | Improvements Assessment | $16,575 |
| Land Assessment | $4,500 | Total Assessment | $21,075 |
Property Taxes
Parcel Number
0800-090-00-02-00-005-002
Land Assessment
$4,500
Improvements Assessment
$16,575
Total Assessment
$21,075
Contacts
-
Kyle Karsian -
Walker Stevens -
Matthew Anuszkiewicz -
Glen Kunofsky -
Christopher Marks -
Surmount
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Videos
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Photos
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Street
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Presented by
Friendly's | 2151 Jericho Tpke
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