Cushman & Wakefield is pleased to exclusively present the leasehold interest in 1596 Union Turnpike, a ±14,651 SF multi-tenant retail center located at the signalized intersection of Union Turnpike and New Hyde Park Road in New Hyde Park, NY.
The offering represents control of the improvements and in-place income stream, whereby ownership collects rent from tenants and is responsible for payment of the underlying ground lease.
The asset operates under a long-term ground lease with approximately 38 years remaining as of January 2026, offering predictable income durability through August 31, 2063. Combined with predominantly NNN expense recoveries, the structure creates a passive, institutional-quality investment profile.
1596 Union Turnpike is fully stabilized, including a newly executed long-term lease with Karako Suits. The Property offers investors a rare opportunity to acquire a long-duration ground lease retail asset with national credit tenancy and stable cash flow.