Apple Bank
Retail | 4.67% CAP | 3,845 SqFt
Marketing description
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.
Property Website: https://trinityreis.com/listing/8-little-east-neck-rd/
In cooperation with Brian Brockman at Bang Realty-New York Inc | NY #10311208985 | [email protected] | (513) 898-1551
Investment 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 in the Immediate Area
Affluent 5-Mile Community Surrounding Subject Property With $152K+ Average Household Income
Proximity to Major Retail, Services, and Transit Routes Enhancing Long‑Term Property Value
High‑Barrier‑to‑Entry Long Island Market With Limited Supply of Quality Retail Assets
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