742-750 Route 25A St - Drug Store FOR SALE
Kings Park, NY 11754 |
742-750 Route 25A St
Kings Park, NY 11754
HIGHLIGHTS
- Long Island, NY * Investment Grade NNN, essential service tenants offering with long term leases and base rent escalations
- CVS operates +/-9,900 retail locations; TFCU is a Long Island based credit union with 31 locations and over $7.4b in assets
- Ease of property ownership. CVS occupies 87.7% of the property and they have the lease obligation to maintain the entire property
- CVS NNN leases 23,200 sf through 4/29/2040 plus base rent escalations
- TFCU NNN leases 2,761 sf through 6/30/2032 plus base rent escalations
- High barriers to entry marketplace – this is a rare retail location that services the strong area demographics.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS/TFCU
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Bank
TOTAL BUILDING SIZE
25961
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
130
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
0800-032-00-07-00-018-000
