131 Jericho Tpke - Storefront FOR SALE


Mineola, NY 11501
$5,250,000 USD
631-425-1232
131 Jericho Tpke, Mineola, NY for Sale
$5,250,000 USD
Storefront - FOR SALE
1/4
null | 5.52% Cap Rate

131 Jericho Tpke
Mineola, NY 11501


HIGHLIGHTS

  • Fully Leased Neighborhood Retail Strip Center: ±9,753 SF multi-tenant retail property delivering stable in-place income.
  • 56 On-Site Parking Spaces: Convenient parking configuration with 40 spaces in front and 16 spaces in rear
  • Stable Cash Flow with Contractual Rent Increases: Leases feature annual rent growth providing built-in NOI upside.

OVERVIEW

Cushman & Wakefield’s Long Island Investment Sales Team is pleased to exclusively offer for sale 131 Jericho Turnpike in Mineola, NY — a fully leased ±9,753 SF neighborhood retail strip center located along one of Nassau County’s most established commercial corridors. The property is 100% leased to a diversified mix of service-oriented tenants including Kumon, Four Leaf Federal Credit Union, U.S. Tae Kwon Do, Audibel Hearing Center, and Klebanoff Attorneys, providing stable in-place income supported by contractual rent increases and daily-needs retail demand. Situated on a ±28,227 SF lot with strong frontage along Jericho Turnpike, the asset benefits from excellent visibility, convenient ingress and egress, and 56 on-site parking spaces (40 front / 16 rear). The surrounding trade area features dense residential neighborhoods, strong household incomes, and proximity to the Mineola LIRR Station and NYU Langone Hospital. This offering provides investors the opportunity to acquire a stabilized neighborhood retail investment with immediate cash flow in a supply-constrained Nassau County submarket.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$538 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

B-1

APN/PARCEL ID

2223-09-450-00-0224-0,2223-09-450-00-0271-0

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.