3642 Hampton Rd
Oceanside, NY 11572
Costco of Oceanside NY · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Costco Wholesale was a Fortune 15 Company in 2016, Up From Previous Rank of #18 in 2015
- Great Investment Opportunity Rare Trophy Asset
- ZERO CASH FLOW
- Near Jones Beach Which Attracts an Estimated 6 Million Visitors Per Year
- A+ Credit Rating - S&P Rated With a Stable Outlook
- ASSUMABLE CTL FINANCING
EXECUTIVE SUMMARY
ZERO CASH FLOW - CALL FOR MORE DETAILS!
ASSUMABLE CTL FINANCING - CALL FOR MORE DETAILS!
Ground lease opportunity with Costco Wholesale, a 12.97 acre property with 18 premium discounted gas pumps and a +/- 150,000-square-foot retail building located in Oceanside, New York. Costco Oceanside has excellent nearby demographics with a dense, wealthy population base.Within a 5-mile radius of the site there are approximately 341,258 residents living in 120,617 houses. The surrounding area has a high average household income of $125,389 within a 5-mile radius. This Costco will draw customers from Oceanside, with a population of 32,109, as well as Freeport, a town with 43,713 residents to the east, and 53,891 residents from Hempstead to the north. The site is also within a few miles of East Atlantic Beach, Long Beach, and Jones Beach, a 6.5-mile stretch known as one of the most popular and heavily visited beaches on the East Coast, with an estimated six million visitors per year. The surrounding area has become a retail destination for nearby residents with many major national tenants including Bed, Bath & Beyond, Kohl’s, Staples, Trader Joe’s, Stop & Shop, Nike Factory Store, Victoria’s Secret, GAP, Express and Marshall's, all within one mile of the site.
ASSUMABLE CTL FINANCING - CALL FOR MORE DETAILS!
Ground lease opportunity with Costco Wholesale, a 12.97 acre property with 18 premium discounted gas pumps and a +/- 150,000-square-foot retail building located in Oceanside, New York. Costco Oceanside has excellent nearby demographics with a dense, wealthy population base.Within a 5-mile radius of the site there are approximately 341,258 residents living in 120,617 houses. The surrounding area has a high average household income of $125,389 within a 5-mile radius. This Costco will draw customers from Oceanside, with a population of 32,109, as well as Freeport, a town with 43,713 residents to the east, and 53,891 residents from Hempstead to the north. The site is also within a few miles of East Atlantic Beach, Long Beach, and Jones Beach, a 6.5-mile stretch known as one of the most popular and heavily visited beaches on the East Coast, with an estimated six million visitors per year. The surrounding area has become a retail destination for nearby residents with many major national tenants including Bed, Bath & Beyond, Kohl’s, Staples, Trader Joe’s, Stop & Shop, Nike Factory Store, Victoria’s Secret, GAP, Express and Marshall's, all within one mile of the site.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
150,000 SF
Building Class
B
Year Built
2017
Price
$36,000,000
Price Per SF
$240
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
12.97 AC
Parking
621 Spaces (3.93 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Accent Lighting
- Car Charging Station
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
Parcel Number | 2089-43-400-00-0202-0 | Improvements Assessment | $170,486 |
Land Assessment | $52,122 | Total Assessment | $222,608 |