Listed by AMC Real Estate
$8,073,937
2 Unit NNN Property in Lynbrook, NY
Details
Property Type Industrial, Mixed Use
Sub Type Flex, School
Square Footage 28,000
Units 2
Cap Rate 8%
NOI $645,915
Occupancy 100%
Tenancy Multi
Brand/Tenant Steps to Success, All American Gymnastics
Lease Type NNN
Lease Term 15
Lease Expiration 06/30/2037
Remaining Term 11
Rent Bumps Yes
Lease Options 2(5) Year Options
Price per SqFt $288
Acreage 2.000
Parking Spaces 69 spaces
Parking per 1,000 SqFt 2.46
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/01/2022
Ground Lease No
Annual Rent Bumps
Marketing description
AMC Real Estate Investment Services is pleased to offer for sale the 40 Rocklyn Ave NNN Retail Center, a pristine 28,000 SF, two-tenant investment property located in the heart of Lynbrook, NY’s coveted Merrick Road Corridor.
Fully renovated in 2022 and 100% occupied by two powerhouse child-enrichment operators—All American Gymnastics (15,000 SF) and Steps to Success (13,000 SF)—this irreplaceable asset delivers immediate cash flow.
Investment highlights
- True NNN Leases with zero landlord responsibilities—tenants handle all maintenance, taxes, and insurance
- Strong, experienced operators backed by personal guarantees and proven multi-unit track records
- Significant tenant capital investment (hundreds of thousands each) into custom build-outs, ensuring long-term commitment
- Built-in rental growth: 3% annual bumps for All American Gymnastics through 2032; 2.5% annual bumps for Steps to Success through 2037 plus two 5-year options
- Weighted Average Lease Term (WALT) of ~9 years remaining
- Prime 2-acre corner lot with 69 parking spaces and outstanding visibility: 34,000 VPD on Merrick Rd, 30,000 VPD on Ocean Ave, and 46,000 VPD on Sunrise Highway
- Dense, affluent trade area: Over 2 million residents within 10 miles; average household incomes exceeding $152,000 (3-mile) and $140,000 (5-mile)
- Strategic Nassau County location just 24 miles from Manhattan and minutes from JFK International Airport
Listing Contacts
Listed by AMC Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$645,915.00
$53,826.25/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Zoning
I IndustrialIndustrial
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View all 90 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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