101 Rockaway Tpke - Auto Repair FOR SALE
Lawrence, NY 11559 |
101 Rockaway Tpke
Lawrence, NY 11559
HIGHLIGHTS
- LONG TERM OCCUPANCY HISTORY: Goodyear NN lease exp 2030 plus one 5 yr opt. Originally signed their lease in 1968 and has continually renewed options.
- STRONG TENANT: 100% occupied and corporately backed by The Goodyear Tire & Rubber Company with a Standard and Poor’s rating of BB-.
- IRREPLACEABLE LOCATION: The asset is located within Nassau County’s desirable “Five Towns” in Western Nassau County
- BASE RENT INC: In 8/2025 the base inc to $260,620 which translates to a 6.1 cap - In 2030, Goodyear has 1 more 5 yr opt at $282,832 p/a.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Goodyear Tire & Rubber NN - Prime Location
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
7700
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
2089-40-003-00-0245-0
