Retail Building in Freeport, NY

197-199 N MAIN ST, FREEPORT, NEW YORK 11520

Executive Summary:

Price:	$549,000
Building Size:	2,400 SF
Property Type:	Retail
Lot Size:	0.06 Acres
Year Built:	1922
Projected Cap Rate:	6.92%
Projected NOI:	$38,004
Location:	197-199 N Main St, Freeport, NY 11520

Investment Highlights

Fully-Occupied Retail Building in Freeport, NY
Bakery Just Signed a New 10-Year Lease
Restaurant Just Recently Signed a New 5-Year Lease
Located in Close Proximity to Sunrise Hwy and the Freeport LIRR Train Station
Surrounded by Other Neighborhood Retail & Amenities

Investment Summary

At this location is a fully-occupied retail building with a restaurant and a bakery as the current tenants. The restaurant just recently signed a new 5-year lease while the bakery just signed a 10-year lease. This property is located in close proximity to Sunrise Hwy and the Freeport LIRR train station.

About Freeport, NY

Freeport is a village in the Town of Hempstead located in the southwestern section of Nassau County, Long Island, New York.

The incorporated village has its own Police Station, Fire Station, Electric and Water Departments. Freeport’s government is made up of four Trustees and a Mayor. When it comes to shopping, Freeport is one of the few villages to hold a sizable open market area, known as the Freeport Mall. Many local businesses objected when the mall area became neglected. The Nautical Mile is famous for its restaurants with live music. The promenade-style sidewalk lined with antique-style light posts, potted plants and benches are a plus which encourage people to visit the area.