6401 Jericho Tpke - Restaurant FOR SALE
Commack, NY 11725 |
516-410-9926
6401 Jericho Tpke
Commack, NY 11725
HIGHLIGHTS
- Opportunity to acquire the leasehold position in Peppertree Commons, a high cap rate retail center with 35 years remaining on the ground lease.
- Value-add opportunity anchored by Anthony’s Coal Fired Pizza, Cold Stone Creamery, Bocu Salon, and Saf-T-Swim, driving steady customer traffic.
- Well maintained 14-unit retail center features a new façade, over 200 parking spaces, pylon signage, and a diverse mix of retail and service users.
- Located on a signalized corner at Jericho Turnpike and Commack Road with visibility to more than 75,000 vehicles daily and easy regional access.
- Positioned in a dominant retail node near Sunken Meadow State Parkway, LIE, and I-495 surrounded by Target, Whole Foods, BJ’s, Trader Joe’s, and more.
- Strong Long Island retail market fundamentals featuring low vacancy, limited new supply, rising rents, and sustained demand from affluent consumers.
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
Profitable Center w/ Long-Term Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
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
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516-410-9926
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516-410-9926
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