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203 SUNRISE HWY Merrick NY 11566-3812

[Locked] • APN 282089 55.-145-47

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Details
Property Type Retail
Sub Type Convenience Store
Building SqFt 2,139
Lot SqFt 18,226
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Year Built 1971
Building Count 1
Opportunity Zone No
Lease Type ******
Remaining Term ******
Mortgage Amount ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Sale Date
******
Sold Price
******
Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
******
Buyer Borrower 1 Relationship Type
******
Document Number
******
Document Type
******
Recording Book
******
Recording Page
******
Resale Flag
******
Sales Price Code
******
Seller 1 Corp Indicator
******
Transaction Type
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Seller 1 Name
******
Transfer Tax
******
Sold By
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Sold To
******
Property Type
Property Type
Retail
Property Subtype
Convenience Store
Marketing Description

Kidder Mathews is pleased to present an Exclusive Investment Offering for a single tenant net leased investment property that is leased to 7-Eleven, Inc., a Texas corporation ("Tenant") at 203 Sunrise Hwy, Merrick, NY 11566 ("Property").

This opportunity consists of a freestanding building leased to 7-Eleven, Inc. and is located adjacent to other national tenants along a major thoroughfare. 203 Sunrise Hwy will provide an investor the opportunity to acquire a 2,211 SF building on 17,070 SF of land.

Investment Highlights
  • Prime Long Island Real Estate with affluent demographics ($156,103 average household income within a 1 mile radius)

  • Recent 10 year lease extension, confirming the tenant's long term commitment to the site and showing evidence that the site performs at a very strong level

  • Investment Grade Tenant: S&P AA-

  • Absolute NNN lease with zero landlord responsibilities

  • Located on Sunrise Hwy near the intersection with Meadowbrooks Hwy, which are two major highways that connect Merrick, NY to surrounding towns Sits on signalized corner between Sunrise Hwy and Babylon Tpke with average traffic count of 48,076 cars per day

  • Location offers great visibility with approximately 150 ft of frontage on Sunrise and 140 ft of frontage on Babylon Tpke

  • Proximity to shopping centers within a 1 mile radius surrounded by national retailers such as Target, Home Depot, Trader Joes

  • Property is surrounded by densely populated community consisting of suburbs and large apartment complexes

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
KZ
Kelvin Zhou
•••.•••.5680
•zhou@•••••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
JB
Joshua Berger PRO
•••.•••.8763
•••rger@•••••••••••••••••.com
Brokerage logo

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