For Sale: Retail Property in Franklin Square, NY

208-220 Franklin Ave, Franklin Square, NY 11010

Executive Summary:

Price:	$1,988,888
Building Size:	9,510 SF
Property Type:	Retail
Lot Size:	13,504 SF
Year Built:	1957
Cap Rate:	5.56%
NOI:	$110,496
Location:	208-220 Franklin Ave, Franklin Square, NY 11010

Investment Highlights

5-Unit Retail Strip in Franklin Square, NY
Some Tenants Have Annual Rent Increases With Options
Tenants Pay Their Own Utilities
Street Parking on Franklin Ave
Surrounded by Other Neighborhood Retail
High Traffic Counts: 24,414 Vehicles Per Day
N25 Bus Line Runs Right In Front of Property

Investment Summary

American Investment Properties is retained to sell 208-220 Franklin Ave, Franklin Square, NY. At this location, you’ll find a 9,510 SF street retail strip. Some of the tenants pay annual rent increases and have options to extend their lease. This retail strip sits on the corner of the busy Franklin Avenue, which has high traffic counts per day. Additionally, the convenient N25 bus line runs right in front of the property.

About Franklin Square, NY

Franklin Square is a hamlet (census-designated place)located in Nassau County, Long Island, New York. As of 2010 census, there were 29,320 people, 9,941households, and 7,569 families. The median income for a household was $84,566, and the median income for a family was $95,541. Even though Franklin Square lacks a downtown district, it has an abundance of shops, services and eateries that soothes your way of living. The area is boasted for its Italian restaurants and delis.

Franklin Square is a great place to raise kids with many attractions and annual events that provide fun to the entire family. It includes street fairs, festivals and parades hosted by different organizations. Summertime block parties also are popular here.