2300 Jericho Tpke
Garden City Park, NY 11040

Tri-State Properties is the Exclusive Realtor for 2300-2310 Jericho Turnpike, a two-tenant retail center, located in Garden City Park (Long Island), New York. The property is 100 percent occupied and is comprised of two freestanding buildings tenanted by Petco 13,391 SF plus a 9,347 SF basement, and Staples 17,255 SF. . The buildings are situated on a 2.72-acre lot with approximately 117 parking spaces. Staples has 1 plus years remaining on their lease; however this will provide the new owner with major upside, as the rent is well below market rent at $13 Net. The tenant also has two, five-year renewal options with 10 percent rent increases during each option period. Petco has over three years remaining plus two five-year options with increases of seven to eight percent at the beginning of each option period. Both tenants cover all expenses, however, Landlord is responsible for the roof and structure of the Petco building; Staples is on a ground lease and owns the improvements (building) through expiration, making the tenant responsible for the roof and structure of their building. Upon expiration of the Staples lease, the right to the improvements will revert back to the Landlord. The property is located on Jericho Turnpike, with over 300 feet of frontage and a traffic count of 32,000 + car per day. In addition, there is a population of over 582,000 people living within a five-mile radius of the property and an average household income of over $123,000. Major national tenants include: King Kullen, LA Fitness, Chase Bank, CVS/Pharmacy, Five Guys Burgers, Panera Bread, TD Bank, The Vitamin Shoppe, Walgreens, etc. Garden City is accessible via two commuter rail lines from Pennsylvania Station in New York City, Interstate 495 (Long Island Expressway), and the Southern State Parkway.