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Dark TD Bank w/ ATM & DrThru 1600 Hempstead Tpke

4,514 SF Retail Building East Meadow, NY 11554 $4,250,000 ($942/SF) 10.96% Cap Rate

Investment Highlights

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Meadowbrook State Pkwy | Excellent Visibility & Access
  • Located Near Top Performing Retail Tenants | Recent Development in the Area | Multi-Billion Dollar Development
  • Strong Demographics in 5-Mile Trade Area

Executive Summary

- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Located Near Top Performing Retail Tenants | Recent Development in the Area | Multi-Billion Dollar Development
- Signalized, Hard Corner Intersection | Dense Retail Corridor | Meadowbrook State Pkwy | Excellent Visibility & Access
- Strong Demographics in 5-Mile Trade Area

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,514 SF
Building Class
B
Year Built
2006
Price
$4,250,000
Price Per SF
$942
Cap Rate
10.96%
NOI
$465,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.90 AC
Parking
32 Spaces (7.09 Spaces per 1,000 SF Leased)
Frontage
295 FT on New York 24

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Drive Thru
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 4,102 SF
  • Retail
  • Outparcel
  • Apr 2025

Freestanding building with triple drive-thru’s 32 parking stalls Located at the signalized intersection of Merrick Avenue and Hempstead Turnpike Approximately 65,300 vehicles passing this site daily- 44,700 vehicles on Hempstead Turnpike and 20,600 vehicles on Merrick Avenue Easy access to both the Meadowbrook Parkway and Wantagh Parkway Eisenhower Park located across the street Hofstra University and Nassau Community College approximately 1.5 miles away

Space Size Space Use Position Available
1st Floor 4,102 SF Retail Outparcel Apr 2025

1st Floor

Size
4,102 SF
Space Use
Retail
Position
Outparcel
Available
Apr 2025

1st Floor

Size 4,102 SF
Space Use Retail
Position Outparcel
Available Apr 2025

Freestanding building with triple drive-thru’s 32 parking stalls Located at the signalized intersection of Merrick Avenue and Hempstead Turnpike Approximately 65,300 vehicles passing this site daily- 44,700 vehicles on Hempstead Turnpike and 20,600 vehicles on Merrick Avenue Easy access to both the Meadowbrook Parkway and Wantagh Parkway Eisenhower Park located across the street Hofstra University and Nassau Community College approximately 1.5 miles away

Nearby Major Retailers

Capital One
The Greene Turtle Sports Bar& Grille
Starbucks
Flagstar
Friendly's Ice Cream Shop
Club Pilates
Stew Leonard's Marketplace
Margarita's Cafe-east Meadow
Lidl

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2089-50-340-00-0492-0
Land Assessment
$6,493
Improvements Assessment
$0
Total Assessment
$6,493
  • Listing ID: 33524501

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 1600 Hempstead Tpke, East Meadow, NY 11554

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