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CitiBank & The Vitamin Shoppe 502 Old Country Rd 7,000 SF 100% Leased Retail Building Garden City, NY 11530 $11,250,000 ($1,607.14/SF) 7.09% Cap Rate
Investment Highlights
- Irreplaceable Hard Corner - 90,000+ Vehicles per Day
- Recent Lease Extensions
- High Performing Tenants
- A+ Retail Area (Roosevelt Field Mall)
- Convenient Highway Accessibility
- Minimal Landlord Responsibility
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Citibank & Vitamin Shoppe located at 502 Old Country Road, Garden City, New York 11530. The site consists of roughly 7000 rentable square feet of building space on an estimated 0.42-acre parcel of land. This Citibank & Vitamin Shoppe is subject to a 23-year Double Net (NN) lease, which commenced 5/17/2006. The current annual rent is $797,700 and has scheduled increases of Variable.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2006
Price
$11,250,000
Price Per SF
$1,607.14
Cap Rate
7.09%
NOI
$797,700
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.42 AC
Zoning
C01/C1 - Commercial
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Freeway Visibility
- Signage
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
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
Parcel Number
2011-34-535-00-0030-0
Land Assessment
$6,646
Improvements Assessment
$6,228
Total Assessment
$12,874
Contacts
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Connor Crovello -
James Ventura -
Richard Nardi -
Christopher Marks -
Glen Kunofsky -
Surmount
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