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31580171
31580172

2465 Merrick Road, Bellmore, NY 11710 For Sale

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties
$3,999,999
101 days on market
Updated 5 days ago

NNN CityMD in Bellmore, NY

Details
APN 2089-56-322-00-0927-0
Property Type Office
Sub Type Medical Office
Square Footage 6,000
Units 26
Cap Rate 6.15%
NOI $245,856
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Price per SqFt $667
Class C
Year Built 1971
Year Renovated 2012, 2017
Buildings 1
Stories 1
Lot Size (SqFt) 16,553

Great NNN Investment Property

Marketing description

American Investment Properties is retained to sell the property located at 2459 Merrick Rd, Bellmore. At this location is a NNN CityMD. The tenant has 2.5% annual increases in rent. There are 26 on-site parking spaces and the property is surrounded by various neighborhood retail & amenities.

To Prospective Purchasers & Brokers

We request that you be respectful of the medical office at this property. NO UNACCOMPANIED SITE VISITS. No prospective purchaser should enter the building without prior permission from the owner, or to engage with the tenant in any way. All site tours must be scheduled by appointment through the listing agent, American Investment Properties.

Investment highlights

• For Sale: NNN CityMD on Merrick Rd, Bellmore

• 4,400 SF Plus 1,600 SF of Mezzanine Space

• First Floor - 8 Examination Rooms, 1 Procedure Room, 3 Bathrooms, 1 Physical Therapy Area, 1 Utility Room, 1 X-Ray Room, 1 Lab Area, 1 Reception & Waiting Area.

Second Floor - 1 Employee Area, 2 Offices, 1 Conference Room.

• Lease Expires in February 2032

• Tenant has 2.5% Annual Increases in Rent

• On-Site Parking with 26 Spaces

• High Traffic Counts on Merrick Rd: 35,768 Cars Per Day

• Surrounded by Various Neighborhood Retail & Amenities

• Located Close to Sunrise Hwy and the Wantagh State Pkwy

Listing Contacts

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$245,856.00
$20,488.00/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

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