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2459 Merrick Rd 6,000 SF Retail Building Bellmore, NY 11710 $3,999,999 ($666.67/SF) 6.15% Cap Rate
Investment Highlights
- 4,400 SF Plus 1,600 SF of Mezzanine Space
- Second Floor - 1 Employee Area, 2 Offices, 1 Conference Room
- Tenant has 2.5% Annual Increases in Rent
- First Floor - 8 Examination Rooms, 1 Procedure Room, 3 Bathrooms, 1 Physical Therapy Area, 1 Utility Room, 1 X-Ray Room, 1 Lab Area, 1 Reception
- Lease Expires in February 2032
- On-Site Parking with 26 Spaces
Executive Summary
American Investment Properties is retained to sell the property located at 2459 Merrick Rd, Bellmore. At this location is a NNN CityMD. The tenant has 2.5% annual increases in rent. There are 26 on-site parking spaces and the property is surrounded by various neighborhood retail & amenities.
*We request that you be respectful of the medical office at this property. NO UNACCOMPANIED SITE VISITS. No prospective purchaser should enter the building without prior permission from the owner, or to engage with the tenant in any way. All site tours must be scheduled by appointment through the listing agent, American Investment Properties.
*We request that you be respectful of the medical office at this property. NO UNACCOMPANIED SITE VISITS. No prospective purchaser should enter the building without prior permission from the owner, or to engage with the tenant in any way. All site tours must be scheduled by appointment through the listing agent, American Investment Properties.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built/Renovated
1971/2012
Price
$3,999,999
Price Per SF
$666.67
Cap Rate
6.15%
NOI
$245,856
Tenancy
Single
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.38 AC
Zoning
Commercial
Parking
26 Spaces (4.33 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-56-322-00-0927-0 | Improvements Assessment | $3,927 |
| Land Assessment | $3,638 | Total Assessment | $7,565 |
Property Taxes
Parcel Number
2089-56-322-00-0927-0
Land Assessment
$3,638
Improvements Assessment
$3,927
Total Assessment
$7,565
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Contact the Sale Advisor
2459 Merrick Rd