2343 Middle Country Rd - Freestanding FOR SALE


Centereach, NY 11720
$3,500,000 USD
516-933-8880
2343 Middle Country Rd, Centereach, NY for Sale
$3,500,000 USD
Freestanding - FOR SALE
1/3
null | 6.21% Cap Rate

2343 Middle Country Rd
Centereach, NY 11720


HIGHLIGHTS

  • Absolute NNN lease with no landlord responsibilities
  • 3% annual increases beginning in year 5
  • Freestanding building on 1 acre lot

OVERVIEW

RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 2343 Middle Country Road, Centereach. The 8,459 SF retail building is situated on a 1-acre lot on Middle Country Road (Route 25) and is currently occupied by REPS Athletic Training Center on a triple net lease basis. REPS has a new 10-year lease with two 5-year options and 3% annual increases beginning in year 5. The property has on-site parking for 42 cars. Located in a dense retail corridor with an average daily traffic count of 40,274 VPD and a median household income of $124,000 in a 1-mile radius.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$414 USD /SF

CAP RATE

6.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

J-2

APN/PARCEL ID

0200-515-00-01-00-003-000

ASK ABOUT THIS PROPERTY

Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

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Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

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