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2070 Jericho Tpke New Hyde Park, NY 11040

11,812 SF Auto Shop, NNN Lease, 3.86% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 11,812-square-foot, two-story building situated at 2070 Jericho Turnpike in New Hyde Park, NY, 11040. Currently configured as an auto repair shop/retail space, this property offers a stabilized investment with a 3-year remaining lease term at $13,500 per month (NNN). The building, constructed in 1965, sits on a 15,359-square-foot lot and features approximately 5,906 square feet per floor, a 15-foot ceiling height, and one dock-high door. The property boasts ample parking with 30 spaces available. The current occupancy is 100%, with a vacant status and a 3-year lease term remaining. This mixed-use property (Retail, Office, Industrial) is ideal for investors seeking a strong return on investment with a 3.86% cap rate. The property is currently vacant, offering flexibility for future tenants. The lease is a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. This presents a low-maintenance investment opportunity with a strong potential for future appreciation. The property includes one unit and is located in Nassau County. Serious inquiries only.

Highlights

  • 11,812 SF two-story building on a 15,359 SF lot.
  • Approximately 5,906 SF per floor.
  • Currently configured as a repair shop/retail space.
  • Three years remaining on the lease.
  • NNN lease at $13,500/month.

Property Details for 2070 Jericho Tpke

Property type
Retail properties, Office properties
Square Feet
11,812 SF
Year Built
1965
Buildings
1
Stories
2
Units
1

Location Insight

City
New Hyde Park
County
Nassau
State
New York
Latitude
40.73652319
Longitude
-73.67219443

FAQs

What type of property is this?
Retail property - 11,812 SF Auto Shop, NNN Lease, 3.86% Cap Rate
Where is the retail property located?
The property is located at 2070 Jericho Tpke New Hyde Park, NY.
What are key features of this property?
This property features: 11,812 SF two-story building on a 15,359 SF lot.; Approximately 5,906 SF per floor.; Currently configured as a repair shop/retail space.
How can I contact the broker?
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2070 Jericho Tpke
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