215 Jericho Tpke - Bank FOR SALE
Floral Park, NY 11001 |
215 Jericho Tpke
Floral Park, NY 11001
HIGHLIGHTS
- Affluent, densely populated, high barrier to entry market in Long Island's Nassau County, less than 20 miles from Midtown Manhattan.
- NNN lease is corporately guaranteed by Citibank, NA, a multinational investment bank rated “A+” by Standard & Poors
- Citibank has been successfully operating in this location since 1996, previously exercised three options to extend the lease for a total of 20 years
- Lease offers rare 2.5% annual rental increases through the current lease term and their next/ last lease option comes at “fair market value"
- Situated on a corner with tremendous visibility from Jericho Turnpike. (27K VPD), rare drive-thru location and extreme population density
- Nassau County is one of the wealthiest counties in the nation, with average household incomes in excess of $158,000 within a 5-mile radius
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
4699
STORIES
1
YEAR BUILT
1966
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
2259-08-058-00-0011-0
