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1121 Jerusalem Ave
Uniondale, NY 11553
ShopRite · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • ~11 Years Remaining on an Original 20 Year, Double-Net (NN) Lease with Minimal Landlord Responsibilities
  • Potential for Nearly 40 Years of Lease Term With Options | Five (5), Five (5)-Year Options; One (1), Three (3)-Year Option; One (1), Eleven (11) Mon
  • Densely Populated Suburban Community | 22,500 Individuals Residing Within a 1-mile Radius | 232,700 Within a 3-mile Radius
  • Attractive Rental Increases Which Provide a Strong Hedge Against Inflation
  • Corporate Tenant | Corporate Guarantee
  • Affluent Area | Average Household Income Within 1-mile Radius Exceeds $123,000 | Nearly $125,000 Within A 5-mile Radius

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
60,816 SF
Building Class
C
Year Built/Renovated
1996/2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
4.49 AC
Zoning
Business
Frontage
447’ on Jerusalem Ave

ABOUT 1121 JERUSALEM AVE , UNIONDALE, NY 11553

This ShopRite investment property is located at 1121 Jerusalem Ave in Uniondale, New York. Uniondale is a densely populated, affluent suburb of New York City. There are more than 22,500 individuals residing within a 1-mile radius of the property and more than 232,700 within a 3-mile radius. The subject property is on Jerusalem Ave, which experiences an average daily traffic count of 20,300 vehicles. Jerusalem Ave runs parallel to Southern State Parkway and is intersected by Meadowbrook Parkway, which bring an additional 196,250 and 145,750 vehicles into the immediate area, respectively. This ShopRite is situated in an extremely affluent community. The average household income within a 1-Mile Radius of the subject property exceeds $123,000 and is nearly $125,000 within a 5-mile radius. The subject property benefits from its strategic location in a dense residential and retail corridor containing both local and national tenants. Major national tenants in the surrounding area include Walmart, AutoZone, Walgreens, Dunkin, Subway, C-Store, and more. This ShopRite is centrally located around multiple local school districts, as well as numerous academic institutions. The most notable are Hofstra University and Nassau Community College, which are both within a 3-mile radius of the subject property and have a total combined enrollment of over 31,000 students. Nassau University Medical Center is a 631-bed, Level 1-Trauma Center and general hospital, located within a 3-mile radius of the subject property. Uniondale is a hamlet and census-designated place (CDP), as well as a suburb in, Long Island, NY in the Town of Hempstead. Uniondale is home to approximately 25,000 residents. Uniondale is east of New York City, and is less then 7-miles east of the eastern border of the Borough of Queens, NY. The Nassau Veterans Memorial Coliseum (commonly known as the Nassau Coliseum or The Coliseum,) is a multi-purpose indoor arena in Uniondale, New York. The Coliseum has a capacity of 14,500 people and is the former home to the NHL New York Islander’s, who played at The Coliseum from 1972-2015, and then again from 2018-2019. The arena is still used for concerts, shows, and other sporting events. Uniondale is also home to Hofstra University's northern campus, a 4-year, public university.

PROPERTY TAXES

  • Listing ID: 19090591

  • Date on Market: 4/2/2020

  • Last Updated:

  • Address: 1121 Jerusalem Ave, Uniondale, NY 11553