Project Description

For Sale: NNN Nathan’s Famous Building in Oceanside, NY

2807 Long Beach Road, Oceanside, NY 11572

Executive Summary:

Price: $3,499,000
Building Size: 4,500 SF
Property Type: NNN Retail
Lot Size: 0.13 Acres
Year Renovated: 2015
Cap Rate: 4.72%
NOI: $165,000
Location:
2807 Long Beach Rd,
Oceanside, NY 11572

Property Highlights

  • Triple-Net (NNN) – Tenant Responsible For Taxes, Insurance, & Roofing
  • Corporately Guaranteed
  • Roofing & Structure Renovated in 2015
  • Tenant is on a 15 Year-Lease With Options & Increases
  • Located in The Heart of Oceanside
  • High Traffic Counts: 32,000 VPD
  • Street Parking & Near Large Municipal Parking Lot

Property Description

American Investment Properties is retained to sell 2807 Long Beach Rd in Oceanside, New York. At this location you’ll find a triple-net (NNN) Nathan’s Famous retail building. The tenant is responsible for real estate taxes, insurance, & roofing. This property is corporately guaranteed.

In 2015 this property received major renovations including the roofing and structure.

Nathan’s Famous has been at thriving at this location since 2015. They’re currently signed on a triple-net 15 year lease with options and increases. The building is located in the heart of Oceanside’s downtown, surrounded by neighborhood amenities. It’s strategically located on the busy Long Beach Road on a signalized intersection. There is street parking and a large municipal parking lot nearby to accommodate.

Location Summary

Oceanside is a hamlet and census-designated place located in Nassau County, on the south shore of Long Island, New York. It is an unincorporated area within the Town of Hempstead. Oceanside is just 9 miles from JFK airport and a half hour commute to New York City.

As of the 2010 census, there were 32,109 people, 11,249 households, and 8,903 families residing in the area. The median income for a household in the community was $96,348, and the median income for a family was $96,348.

Notable residents include Robert Iger (CEO of The Walt Disney Company), David Paymer (actor), Michael Rosenbaum (actor, Smallville), and Howard Stelzer(composer, and musician).

The Oil City Skatepark is the popular park in the area and the only indoor skate park on Long Island. The park contains a large course filled with plenty of ramps to jump and rails to grind and offers a great way for a child to skate safely and securely indoors. Oceanside has several antique shops, bars and restaurants which specialize in all types of cuisine.

The Oceanside School District composes of nine schools which include one kindergarten, six elementary schools, one middle school, one high school and one alternative highs chool. There are also nearby prestigious colleges such as Adelphi University, Nassau Community College, Hofstra University, and New York Institute of Technology.•The Oceanside Public Library has a mission to give information of the local residents especially students in terms of their educational, cultural, and recreational needs. The library is known for its higher than average quality in public service and outstanding leadership.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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