Listed by Cushman & Wakefield New York, Cushman & Wakefield - Melville, New York
$5,800,000
269–279 Burnside Avenue
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 8,748
Units 5
Cap Rate 5.65%
NOI $327,826
Occupancy 100%
Tenancy Multi
Price per SqFt $663
Stories 1
Acreage 0.430
Investment Type Stabilized
Retail with Parking | 100% Occupied | 18,731 SqFt Lot
Marketing description
Cushman & Wakefield has been exclusively retained to arrange the sale of 269–279 Burnside Avenue, a fully occupied five-tenant retail strip located in Lawrence, New York, within the established Five Towns / Southern Nassau retail market.
The Property consists of approximately 8,748 square feet across five commercial units on an approximately 18,731-square-foot lot. 269–279 Burnside Avenue offers investors a clean opportunity to acquire stabilized neighborhood retail in a high-barrier Nassau County submarket with durable cash flow, service-oriented tenancy, and a manageable private-capital basis.
Investment highlights
- The Property is 100% occupied across five commercial units, providing immediate in-place cash flow from a diversified neighborhood retail rent roll.
- The tenant roster is anchored by food, personal care, and healthcare-related uses, creating a practical neighborhood retail destination supported by repeat local customer traffic.
- Located in Lawrence, the Property benefits from a dense surrounding residential base, strong local consumer demand, and limited competing retail supply within the Five Towns market.
- The Property generates durable in-place income while preserving future flexibility to renew, re-tenant, or mark select spaces to market over time.
Listing Contacts
Listed by Cushman & Wakefield New York, Cushman & Wakefield - Melville, New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$327,826.00
$27,318.83/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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