16 Middle Country Rd Coram, NY 11727

This exceptional 10,000 square foot shopping center, located at 16 Middle Country Road in Coram, New York (zip code 11727), presents a compelling investment opportunity. The property boasts a strong pro-forma NOI of $217,385 and a pro-forma cap rate of 6.49%, reflecting its significant income potential. Currently operating at 100% occupancy, the center features nine units within a single-story building situated on a 40,507 square foot lot. The asking price is $3,350,000, translating to a price per square foot of $335. The property benefits from a triple net (NNN) lease structure with a remaining term of 10 years, minimizing landlord responsibilities. Ample parking is available for shoppers and tenants, with 70 spaces provided. The center's prominent location on the south side of Middle Country Road, between Fife and Erna Drives, ensures high visibility and accessibility. A pylon sign further enhances the property's marketing potential. This is a rare opportunity to acquire a well-established, high-performing retail asset in a desirable location. The property is classified as a multi-tenant shopping center.