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CitiBank & The Vitamin Shoppe 502 Old Country Rd 7,000 SF 100% Leased Retail Building Garden City, NY 11530 $11,750,000 ($1,678.57/SF) 6.79% Cap Rate


Investment Highlights
- Irreplaceable Hard Corner - 90,000+ Vehicles per Day
- Recent Lease Extensions
- A+ Retail Area (Roosevelt Field Mall)
- Convenient Highway Accessibility
Executive Summary
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Freeway Visibility
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Citigroup is a diversified financial services holding company headquartered in New York City. The company traces its roots to 1812 when it was chartered as City Bank of New York, making it one of the oldest banking institutions in the United States. The company became The National City Bank of New York in 1865 and was formally renamed Citibank in 1976. The modern Citigroup was formed on October 8, 1998, through the merger of Citicorp and Travelers Group. Trading under ticker symbol NYSE: C, Citigroup is the third-largest banking institution in the United States by assets and is considered systemically important by the Financial Stability Board. The company operates through five business segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. Services includes treasury and trade solutions and securities services for multinational corporations and institutions. Markets provides sales and trading for equities, foreign exchange, and fixed income products. Banking encompasses investment banking, corporate banking, and commercial banking services. U.S. Personal Banking offers credit cards and retail banking to consumers and small businesses. Wealth delivers financial services to high-net-worth clients through banking, lending, and investment products. The company serves clients across 160 countries and jurisdictions.
Founded in 1977, The Vitamin Shoppe is a privately held specialty retailer headquartered in Secaucus, New Jersey. The company offers a wide range of nutritional products including vitamins, minerals, sports nutrition, herbs, and natural beauty items. It operates through both physical retail stores and a robust e-commerce platform. The Vitamin Shoppe was acquired by Kingswood Capital Management and Performance Investment Partners in May 2025. As of 2025, the company maintains over 670 store locations across the United States. The Vitamin Shoppe is known for its proprietary brands such as BodyTech, plnt, and Vthrive, and emphasizes rigorous quality assurance across its product lines.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 | |
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 2011-34-535-00-0030-0 | Improvements Assessment | $6,228 |
| Land Assessment | $6,646 | Total Assessment | $12,874 |
Property Taxes
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CitiBank & The Vitamin Shoppe | 502 Old Country Rd
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