8225 Jericho TpkeWoodbury, NY 11797

Property Details for 8225 Jericho Tpke

Year built

2010

Construction

FRAME

Lot size

0.66 AC

Property size (Sq ft)

4,086 SF

Property type

Banks

APN

14-039-00-0001

APU

14039000001

Description

This exceptional investment opportunity presents a single-tenant, Class A, 4,400 square foot Bank of America branch located at 8225 Jericho Turnpike in Woodbury, NY 11797. The property sits on a highly visible 0.66-acre hard corner lot, offering excellent exposure as an outparcel to the Woodbury Common Shopping Mall along Jericho Turnpike/NY-25E. This is a core+ investment with a strong 7.90% cap rate and a substantial net operating income (NOI) of $600,230. The absolute NNN lease with Bank of America (NYSE:BAC), a credit-rated tenant, provides significant security and ensures consistent cash flow. The lease has a remaining term of 5.2 years, expiring January 15, 2030, and boasts 100% occupancy. The property is situated in a densely populated area, with approximately 200,000 people residing within a 5-mile radius, ensuring a robust customer base. This trophy asset is located on Long Island's affluent North Shore, known for its high-net-worth residents and luxurious estates. The one-story building represents a rare opportunity to acquire a high-performing, low-risk investment in a prime location. Asking price is $7,600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $993,041

  6.5%

  $916,653

  7%

  $851,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,345,369

  Geo Method

  $1,345,369

• Alternative Use

  Use

  Valuation

  Residential

  $773,231

  Hospitality

  $708,275

  Educational

  $589,277

  Medical

  $609,543

  Retail

  $916,653

Location Insight

City

Woodbury

County

Nassau

State

New York

Latitude

40.8165

Longitude

-73.4679

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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