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$18,281,040For SaleListing ID:443472

Prime Long Island Corner Property for Sale

502 Old Country Road, Garden City, NY 11530Map
Stores 10+ Parking | 7000 sqft
  • Front Elevation
  • Front Elevation West
  • Rear Elevation
  • Site Plan
  • Aerial Map
  • Area Tenants
  • Front Elevation
  • Front Elevation West
  • Rear Elevation
  • Site Plan
  • Aerial Map
  • Area Tenants
  • Approx. Lot:14000 Sq.ft
  • Approx Sqft:7000
  • Year Built:2006

Description



Description

A freestanding retail building totaling approx. 7,000 sf and demised into two suites; +/- 3,500 sf for Citibank and +/- 3,500 sf for The Vitamin Shoppe. Pricing for the property is $19,900,000 at a 4.59% cap rate. Both tenants have long term leases in place with limited landlord responsibilities. Both tenants have increases in their respective leases. Citibank has over $469 Million in deposits held at this branch, and recently relocated to this site from an established location across the street. Citibank is rated “A” by S&P. The Vitamin Shoppe has been operating at the property for over 10 years. The Vitamin Shoppe has more than 700 locations throughout the US and Puerto Rico with over $1 Billion in annual revenue. This retail property is featured on a prime hard-corner location on one of Long Island’s busiest intersections with traffic counts in excess of 90,000 cars VPD. The average household income within 1/2 mile of the property is over $130,000 and the surrounding population within 5 miles of the property
is over 470,000. Across the street from the 2.2 million sf Roosevelt Field Mall anchored by Bloomingdales, Nordstrom, Macy’s and Neiman Marcus. Easy access from Old Country Road and Clinton/Glen Cove Road. The immediate surrounding area is the primary retail and commercial hub of Nassau County with over 4 Million square feet of retail.

 
Property Info
Corner Property:Yes
Appearance:Diamond
Floor Plan
Basement:None
1st Floor:7,000 sf
View :Street
 To Learn more about this property : Prime Long Island Corner Property for Sale Listing ID: 443472
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