2061 Jericho Tpke - Retail FOR SALE


Commack, NY 11725
$4,650,000 USD
212-430-5196
2061 Jericho Tpke, Commack, NY for Sale
$4,650,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

2061 Jericho Tpke
Commack, NY 11725


HIGHLIGHTS

  • Brand-new, double drive-thru property featuring strong rental increases throughout the base term and option periods.
  • Starbucks (NASDAQ: SBUX, S&P: BBB+)
  • Starbucks is relocating from a high-performing neighboring location ranked in the top 91st percentile nationally.
  • Over 196,000 residents within a 5-mile radius. $175,000 average household income within a 5-mile radius.
  • Situated on the heavily traveled Jericho Turnpike with a daily traffic count of more than +/- 23,000 vehicles.
  • Nearby National Retailers: Whole Foods, BJ’s Wholesale Club, Home Depot, LIDL, Dick’s Sporting Goods, Trader Joe’s and Hobby Lobby.

OVERVIEW

Marcus & Millichap is proud to exclusively present for sale 2061 Jericho Tpke, Commack, NY. The offering features brand-new construction with a double drive-thru layout and strong rental increases throughout both the base term and option periods, backed by an investment-grade corporate tenant, Starbucks (NASDAQ: SBUX, S&P: BBB+). The store represents a relocation from a high-performing nearby unit ranked in the 91st percentile nationally, underscoring the strength of the trade area. The property is positioned within a dense, affluent infill market with more than 196,000 residents and an average household income of $175,000 within a five-mile radius. Located along the heavily traveled Jericho Turnpike, the site benefits from exposure to approximately 23,000 vehicles per day. High barriers to entry—driven by complex and time-consuming entitlement processes—further enhance the asset’s long-term stability, while fee-simple ownership allows investors to accelerate depreciation. The surrounding retail landscape includes a robust lineup of national brands such as Whole Foods, BJ’s Wholesale Club, Home Depot, LIDL, Dick’s Sporting Goods, Trader Joe’s, and Hobby Lobby, reinforcing the strength and durability of the location.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$2,162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

WSI & R10

APN/PARCEL ID

0800-090-00-02-00-020-000

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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