516-410-9926
6401 Jericho Tpke, Commack, NY for Sale
Restaurant - FOR SALE
1/15
null | Request Cap Rate

6401 Jericho Tpke
Commack, NY 11725


OVERVIEW

Leasehold being offered for sale with term until in 2061 +/- 36,680 SF open Air Shopping Center Co-anchored by Anthony’s Coal Fired Pizza, Saf-T-Swim, and Bocu Salon. Plus a complimentary mix of retail and service tenants including Cold Stone Creamery. Center is located on one of Suffolk Counties busiest intersections. Corner of Jericho Turnpike and Commack Road. 90% current occupancy with an LOI currently being negotiated for an additional 5%. Various avenues for upside include: Strong increase in existing rents contractually and absorption of the 2 vacant units.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Peppertree Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

229

LAND DETAILS

LAND ACRES

3.44 AC

LAND SF

149,846 SF

ZONING

C6

APN/PARCEL ID

0400-222-00-03-00-062-002

ASK ABOUT THIS PROPERTY

Raymond MordekhaiForest Park Properties IncMore Info
516-410-9926

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Raymond MordekhaiForest Park Properties IncMore Info
516-410-9926

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