Listed by Ripco Real Estate, RIPCO Real Estate, RIPCO Real Estate New York
$3,400,000
NNN Athletic Training Facility | 2343 Middle Country Road
Details
APN 515/1/3
Property Type Retail
Sub Type Storefront, Freestanding
Square Footage 8,459
Units 1
Cap Rate 6.58%
NOI $217,200
Occupancy 100%
Tenancy Single
Brand/Tenant REPS Long Island Athletic Facility Inc.
Lease Type NNN
Lease Term 10
Lease Expiration 10/31/2035
Remaining Term 9.3
Rent Bumps Yes
Lease Options Two 5-year options
Year Built 2005
Year Renovated 2025
Buildings 1
Stories 1
Acreage 1.000
Zoning J Business 2
Parking Spaces 42 spaces
Parking per 1,000 SqFt 4.97
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 11/01/2025
Ownership Fee Simple
Absolute NNN Athletic Training Facility | 8,459 SF on 1 acre lot
Marketing description
SINGLE TENANT NNN SPORTS FACILITY WITH NEW 10-YEAR LEASE
Investment highlights
- Single Tenant NNN (no landlord responsibilities)
- 10-Year Lease plus two 5-year options
- Newly renovated 8,459 SF retail building
- 3% Annual Increases beginning in year 5
- Median Household Income in 1-mile radius of $124K+
Listing Contacts
Listed by Ripco Real Estate, RIPCO Real Estate, RIPCO Real Estate New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$217,200.00
$18,100.00/mo
Valuation Metrics
0
DSCR
6.39%
Cap Rate
6.39%
ROI
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