40 Rocklyn Ave Lynbrook, NY 11563

This exceptional investment opportunity presents a fully occupied, two-unit children's center located at 40 Rocklyn Ave, Lynbrook, NY 11563. The property boasts 28,000 square feet on a 2-acre lot, providing ample parking. The building, constructed in 1957 and extensively renovated in 2019, is currently 100% occupied by Steps to Success Day Care and All American Gymnastics, both credit-rated, multi-location operators with corporate guarantees. These tenants signed 15-year NNN leases commencing October 2, 2021, with 10 years remaining and two 5-year options. The leases include annual rent increases of 3%, ensuring consistent income growth. The property generates a substantial NOI of $688,710, resulting in a compelling 7.75% cap rate at an asking price of $8,886,580 ($317.38/sq ft). This represents a rare opportunity to acquire a stabilized, high-performing asset in a desirable location with significant long-term growth potential. The property's strong tenant base, substantial remaining lease term, and built-in rent escalations provide exceptional stability and predictable returns. The extensive renovations completed in 2019 ensure the property remains modern and attractive to tenants, further enhancing its value and longevity. This is a turnkey investment ready to generate immediate cash flow.