1526-1596 Union Tpke - Retail FOR SALE


New Hyde Park, NY 11040- North New Hyde Park
$2,650,000 USD
631-425-1232
1526-1596 Union Tpke, New Hyde Park, NY for Sale
$2,650,000 USD
Retail - FOR SALE
1/4
null | 7.39% Cap Rate

1526-1596 Union Tpke
New Hyde Park, NY 11040
North New Hyde Park


HIGHLIGHTS

  • ±38 years remaining on long-term ground lease (through 2063)
  • National credit tenants including Starbucks, Citizens Bank & Verizon
  • 100% occupied with stabilized, predominantly NNN income stream
  • Signalized corner on Union Turnpike with 45,000+ vehicles per day

OVERVIEW

Cushman & Wakefield is pleased to present 1596 Union Turnpike, a ±14,651 SF, 100% occupied multi-tenant retail investment located at the signalized intersection of Union Turnpike and New Hyde Park Road in New Hyde Park, NY. The property is anchored by national credit tenants including Starbucks, Citizens Bank, and Verizon, providing durable cash flow supported by strong corporate credit. The asset operates under a long-term ground lease with approximately 38 years remaining, offering predictable income and site control through August 31, 2063. With predominantly NNN expense recoveries, stabilized in-place income, and location within a dense, high-income Nassau County trade area, the offering presents a passive, institutional-quality retail investment opportunity.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

7.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

Business A

APN/PARCEL ID

2289-08-117-01-0001-0

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.