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Chase Bank: Valley Stream, NY 330 Sunrise Hwy 5,207 SF Retail Building Valley Stream, NY 11581 $10,650,000 ($2,045.32/SF) 4.69% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Ground Lease | 10% Rent Increases Every 5 Years & in the Four, 5-Year Renewal Options
- Part of Toys R Us Redevelopment Project | ±50,000 SF of Retail Space with First-Class Design & Additional Parking
- This location will be a consolodation of the branches inside Green Acres Mall and at 930 Rosedale Road
- Currently Under Construction | Expected to Open November 2025
- 1 Million People Within a 10-Minute Drive Time
- 16 Miles East of New York City | Sunrise Highway (44,031 VPD) | 1.5 Miles East of Belt Parkway (159,093 VPD)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 15-year NNN Chase Bank ground lease situated on 0.87 acres in Valley Stream, New York (MSA Population: 20.0M+). Chase Bank’s Brand-New NNN Ground lease features 15 years of primary term with 10% rent increases every 5 Years and in each of the four, 5-year renewal options. The 5,207 SF building is currently under construction and is expected to open in November 2025.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
5,207 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$10,650,000
Price Per SF
$2,045.32
Cap Rate
4.69%
NOI
$500,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.87 AC
Parking
34 Spaces (6.53 Spaces per 1,000 SF Leased)
Frontage
496’ on Sunrise Highway
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2035-39-560-00-0068-0 | Improvements Assessment | $1,753 |
| Land Assessment | $17,369 | Total Assessment | $19,122 |
PROPERTY TAXES
Parcel Number
2035-39-560-00-0068-0
Land Assessment
$17,369
Improvements Assessment
$1,753
Total Assessment
$19,122
CONTACTS
-
Christopher Bosworth -
Thomas Carr -
Brian Pfohl -
David Gavin -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE, Inc.
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Chase Bank: Valley Stream, NY | 330 Sunrise Hwy
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