529 Atlantic Ave
Oceanside, NY 11572
PetSmart · Retail Property For Sale

CBRE is pleased to exclusively present for sale this PetSmart located on Atlantic Avenue in Oceanside, New York. This is a NN lease with minimal landlord responsibilities or expenses. There are 8 over years remaining in the initial 10 year lease term, with attractive 10% rental increases every 5 years and two, five year options to renew. The building was constructed in 2015 allowing for no deferred maintenance for the new owner. This PetSmart location also features a Banfield Pet Hospital within the store, which is only offered in select PetSmart locations. The Banfield Pet Hospital makes this location not only a go to pet supplies store, but also a preventative care, surgery and emergency care facility as well. This rare Long Island net lease offering offers affluent demographics and discretionary income with the average household incomes over $110,000 in the 1 and 3 mile rings. This is also a densely populated area with over 24,000 people in the 1 mile ring, over 167,000 people in the 3 mile ring and over 486,000 people in the 5 mile ring. Situated at the signalized corner of Atlantic Avenue and Lawson Boulevard, PetSmart benefits from excellent access and visibility for a combined traffic count over 56,000 vehicles per day. Surrounding national tenants include Stop & Shop, Wendy’s, CVS, and Best Market. There are also extremely high barriers to entry in this area resulting in minimal competition in this market for this product time. This is a popular area as PetSmart sits along the inlets of the Mill River, nearby yacht clubs and marinas, where numerous new homes are being built.