8 Rockaway Ave
Valley Stream, NY 11580
Retail Property For Sale

Asset Commercial Realty Group has been exclusively retained to market 8-24 Rockway Avenue, Valley Stream, NY, a fully leased commercial Building in the Valley Stream neighborhood of Nassau County. The building spans a total of 18,500 SF on a 21,000 SF lot. The entire building is 100 % leased to 6 retail Tenants. All tenants have built in 3% annual increases with reimbursement for Real Estate Taxes of the Base Year of their Lease. The roof has been recently replaced. The building is situated on a heavily trafficked intersection of W. Merrick Road and Rockaway Avenue. Both W. Merrick Road and Rockaway Avenue are strong retail corridors. The building is also adjacent to a municipal parking lot, with ample parking, providing easy access to all tenants and patrons. The building is well positioned with great access to public transportation. Its blocks away from the Valley Stream LIRR Station and is near many buses, and highways such as Sunrise Highway and the Belt Parkway. Rockaway Avenue bustles with many retailers with a great amount of foot and car traffic. Collectively, the asset produces a Net Operating Income (NOI) of $166,201. Ownership has set the asking price at $ 2,500,000 which reflects a 6.5% CAP rate or $135 PSF.