For Sale
$4,250,000

1600 Hempstead Tpke East Meadow, NY 11554

High-yield retail bank investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fee-simple owned, 4,514 square foot TD Bank located at 1600 Hempstead Turnpike in East Meadow, NY 11554. The property boasts a strong 10.96% cap rate, generating a substantial net operating income (NOI) of $465,850. Built in 2006, this single-tenant, absolute NNN leased property offers significant advantages to investors seeking a low-maintenance, high-return asset. The credit-rated TD Bank tenant ensures consistent cash flow, eliminating landlord responsibilities. Situated on a 0.9-acre lot with 32 parking spaces, the property benefits from excellent visibility and accessibility at a signalized, hard corner intersection. The location is within a dense retail corridor, near top-performing retail tenants, and enjoys proximity to Meadowbrook State Parkway. Furthermore, the property is part of a recently developed area experiencing significant growth, including a multi-billion dollar development project. The strong demographics within a 5-mile radius further enhance the investment potential. The property's APN is 50-340-00-0492. The asking price is $4,250,000. This is a rare opportunity to acquire a high-performing, low-risk retail investment in a prime Nassau County location.

Highlights

  • Absolute NNN lease, fee simple ownership, zero landlord responsibilities.
  • Located near high-performing retailers in a recently developed, multi-billion dollar area.
  • High-visibility hard corner location at a signalized intersection on Meadowbrook State Pkwy, within a dense retail corridor.
  • Strong demographics within a 5-mile radius.

Property Details for 1600 Hempstead Tpke

Property type
Retail properties, Banks
Square Feet
4,514 SF
Year Built
2006
Lot Size (sq. ft)
39,204 SF

Location Insight

City
East Meadow
County
Nassau
State
New York
Latitude
40.72241
Longitude
-73.5773172
1600 Hempstead Tpke, East Meadow, New York

FAQs

What type of property is this?
Retail property - High-yield retail bank investment opportunity.
Where is the retail property located?
The property is located at 1600 Hempstead Tpke East Meadow, NY.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Absolute NNN lease, fee simple ownership, zero landlord responsibilities.; Located near high-performing retailers in a recently developed, multi-billion dollar area.; High-visibility hard corner location at a signalized intersection on Meadowbrook State Pkwy, within a dense retail corridor.
How can I contact the broker?
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1600 Hempstead Tpke
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