For Sale: Retail Building in Lynbrook, NY

201-203 SUNRISE HIGHWAY, LYNBROOK, NY 11563

Executive Summary:

Price:	$895,000
Building Size:	3,019 SF
Property Type:	Retail
Lot Size:	0.12 Acres
Year Built:	1968
Cap Rate:	5.51%
NOI:	$49,300
Location:	201-203 Sunrise Highway, Lynbrook, NY 11563

Investment Highlights

Fully-Occupied Retail Building with 2 Current Tenants
Tenants Pay for All Other Expenses for the Property
Tenants have 3% Annual Increases in Rent
Great Visibility on Sunrise Hwy – 231 ft of Frontage
High Traffic Counts: 45,756 Cars Per Day
Surrounded by Other Neighborhood Retail Spaces
Close to Various Ways of Transportation

Investment Summary

American Investment Properties is retained to sell the property at 201-203 Sunrise Highway in Lynbrook, NY. At this location is a fully-occupied retail building with two current tenants. The tenants pay for all other expenses and have 3% annual increases in rent. The building has 231 ft of frontage on Sunrise Highway and is located under one mile from the LIRR Lynbrook train station.

About Lynbrook, NY

Lynbrook is a village located in Nassau County, Long Island, New York. The village is part of the Town of Hempstead. The village has more than 40 restaurants, many stores, a movie theater, several hotels, and three assisted living homes. A library as well as several houses of worship are located throughout the area. Local government funding for the local library system in fiscal years 2001- 2002 was above the national average. It has also several small parks and one large park; Greis Park, the famous park of the entire area which has a pool, recreation center, and roller hockey rink. There are lots of recreational activities to happen in the village such as Lynbrook Little League, Lynbrook-East Rockaway Soccer, Lynbrook Titans Lacrosse, Lynbrook Flag Football, Lynbrook Roller Hockey, Girls Softball, and Adult Softball.

Among Lynbrooks’ seasonal events is a weekly showing of antique cars which usually happens from June to August. It has also its own television station; the Cablevision channel 20 and on Verizon FIOS Channels 33 and 34 respectively. Lynbrook has seven public schools namely Lynbrook Kindergarten Center, Marion Street Elementary School, West End Elementary School, Waverly Park Elementary School, Lynbrook South Middle School, Lynbrook North Middle School, Lynbrook High School (LHS).