Project Description

For Sale: NNN Supermarket – New Hyde Park, NY

3350 Hillside Ave, New Hyde Park, NY 11040

Executive Summary:

Price: $11,999,900
Building Size: 19,968 SF
Property Type: Retail
Lot Size: 1.14 Acres
Year Renovated: 2011
Cap Rate: 5.00%
NOI: $600,000
Location:
3350 Hillside Ave,
New Hyde Park, NY 11040

Investment Highlights

  • Triple-Net Supermarket – There Are No Landlord Responsibilities
  • 14 Years Remaining on Lease With (3) 5-Year Option Periods
  • Tenant pays 10% Increases Every Five Years
  • Great Location With Ample Parking & Surrounded by Neighborhood Retail

Investment Summary

American Investment Properties is retained to sell 3350 Hillside Ave in New Hyde Park, New York. At this location is a triple-net leased ‘Badshah Farmer’s Market’. This property is hands off management.

Badshah Farmer’s Market is responsible for all expenses, there are no landlord responsibilities. Additionally, they have 14 years remaining on original lease, with 15 years in option periods, and 10 percent increases ever five years.

This location is surrounded by neighborhood retail and restaurants. Other nearby attractions include a movie theater, bowling alley, and ice skating rink. It’s right on the busy Hillside avenue as well.

About New Hyde Park

New Hyde Park is a village located in Nassau County, Long Island, New York. It is within both the Town of Hempstead and the Town of North Hempstead. New Hyde Park is bordered by Floral Park on the west, Garden City on the east, Stewart Manor to the south, and North New Hyde Park to the north.

Several recreational parks and commercial landmarks are within the area such as Memorial and Nuzzi Fields and New Hyde Park Inn. The hotel offers comfortable hotel accommodation and a great place to hold parties or events.

The local Chamber of Commerce has been a significant factor in maintaining what has become a healthy business economy in the New Hyde Park area.

Contact Broker

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

Request more information on this property: