For Sale
$8,950,000

40 Rocklyn AveLynbrook, NY 11563

High-Yield Retail Investment, 28,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional retail property at 40 Rocklyn Avenue in Lynbrook, NY, presents a lucrative investment opportunity. The 28,000 square foot building sits on approximately two acres of land and boasts a newly renovated interior. Currently, the property generates substantial income from two strong tenants: All American Gymnastics and Steps to Succeed (a child care center). All American Gymnastics contributes approximately $420,000 annually in lease payments, while Steps to Succeed contributes approximately $360,000 annually, resulting in a total annual income of approximately $770,000. Estimated annual expenses include approximately $125,000 for taxes and $18,000 for insurance, yielding a Net Operating Income (NOI) of approximately $627,000. The property is offered at an asking price of $8,950,000 and features a remaining lease term of 9 years, providing long-term stability and predictable cash flow. Located in Nassau County, NY, with a zip code of 11563, this property offers excellent visibility and accessibility in a thriving Lynbrook community. This is a rare opportunity to acquire a high-performing retail investment with strong tenants and a significant NOI. The property's size, location, and current occupancy make it an ideal addition to any investment portfolio. Serious inquiries only.

Highlights

  • Strong tenant roster including All American Gymnastics and Steps to Succeed Child Care Center.
  • All American Gymnastics generates approximately $420,000 in annual rent.
  • Steps to Succeed Child Care Center contributes approximately $360,000 in annual rent.
  • Total annual income approximates $770,000.
  • Estimated annual expenses total $143,000, encompassing $125,000 in taxes and $18,000 in insurance.
  • Net Operating Income (NOI) is approximately $627,000.

Property Details for 40 Rocklyn Ave

Property type
Retail properties
Square Feet
28,000 SF
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Lynbrook
County
Nassau
State
New York
Latitude
40.6577743
Longitude
-73.6592316
40 Rocklyn Ave, Lynbrook, New York

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40 Rocklyn Ave
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