8 Little East Neck Rd - Bank FOR SALE
Babylon, NY 11702 |
$3,257,000 USD
501-912-8992
8 Little East Neck Rd
Babylon, NY 11702
HIGHLIGHTS
- Apple Bank in the Heart of Babylon's Commercial District
- With 10+ Years Remaining on Current Term
- Built-In 10% Rent Increases Every 4 Years Through the Remaining Primary Term, Plus Two 5-Year Renewal Options at 95% of Fair Market Value
- Corner Location at a Signalized Intersection of Montauk Hwy and Little East Neck Rd With Combined Traffic Counts of Nearly 38,000 VPD
- Dense 5-Mile Trade Area With 255,000+ Residents, Surrounded by Numerous High-Density Apartment Complexes and Single-Family Neighborhoods
- Affluent 5-Mile Community Surrounding Subject Property With $152K+ Average Household Income
OVERVIEW
Trinity Real Estate Investment Services is pleased to present the opportunity to an Apple Bank in Babylon, NY. This property is in the heart of Babylon’s Commercial District, boasting a prime corner location at the signalized intersection of Montauk Hwy and Little East Neck Rd, with over 10 years remaining on the current lease term.
In cooperation with Brian Brockman at Bang Realty-New York Inc | NY #10311208985 | bor@bangrealty.com | (513) 898-1551
FOR SALE DETAILS
PRICE
$3,257,000 USD
PRICE/SF
$847 USD /SF
CAP RATE
5.23%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Apple Bank
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
31
LAND DETAILS
LAND ACRES
0.69 AC
LAND SF
30,056 SF
ZONING
Commercial
APN/PARCEL ID
0102-012-00-02-00-018-000
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501-912-8992
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501-912-8992
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