356-358 Hempstead Ave
Malverne, NY 11565
Fitness 19 · Retail Property For Sale

Newly Renovated Fitness 19 in Malverne, New York | Less Than 20 Miles from Manhattan • Tenant Invested over $1 Million in Their Buildout | Substantial Growth in Membership Since Tenant Opened for Business in Early April 2017 • Fitness 19 NY 293, Limited Liability Company (LLC) Recently Signed a 10-Year Lease DoubleNet (NN) Lease | 10 Percent Rent Increases Every Five Years • Operator at has Two Fitness 19 Locations • F-19 Holdings, Limited Liability Company (LLC) Guaranties First 36 Months of Rent • More 17,000 Square Feet of Space Featuring 60 Cardio Machines, 27 Compound Machines, 31 Spin Bikes, Six Bench Presses, Iso Lateral Machines, and a Dumbbell Station • Main and Main Fundamentals | More than 50 Feet of Frontage on Hempstead Avenue | Adjacent to Malverne Diner and Malverne Cinema • Less than Two Tenths of a Mile from Malverne Station | Long Island Rail Road’s (LIRR) West Hempstead Line Provides Direct Access to Manhattan | More than 900,000 Riders Annually • Dense Infill Market with High Barriers to Entry | More than Quarter-Acre Parcel | Nearly 700,000 People in Five Miles • Affluent Demographics | Average Household Income (AHHI) in One-Mile is More Than $130,000 • Proposed Development | 12-Unit Luxury Condominium Complex Less Than a Third of a Mile North