AssetCRG has successfully leased out 1273 Deer Park Avenue for a 15-year lease. The 3,050 SF space was leased to 7-Eleven.
1273 Deer Park Avenue | North Babylon, NY | 3,050 SF of Retail for Lease
Details
AssetCRG is proud to announce that it successfully leased out a free-standing site at 1273 Deer Park Ave, North Babylon NY in Suffolk county of Long Island to 7-Eleven. The space is roughly 3,050 square feet and was rented at roughly $56 a foot NNN on a 15-year term. The property was a former Payless ShoeSource who has been at the site for 10+ years. AssetCRG represented both the landlord and the tenant in this transaction. Joe Mast adds that, “Due to the bankruptcy by Payless, these freestanding sites were great opportunities for the 7-Eleven to enter this market and this site was a perfect fit for their operation. 1273 Deer Park Avenue works well for them in terms of size, location, and key demographics.”
Additional Information
| City | Long Island |
|---|---|
| Neighborhood | North Babylon |
| Broker | Albert Aranbaev, Joe Mast |
| Minimum Space Available | 1 SF |
| Maximum Space Available | 3,050 SF |
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- AssetCRG represented both the buyer and the seller
- Sold For: $ 1,175,000
- Asset Type: Mixed-Use Property
- Square Footage: 3,430 SF with separate basements for each unit
- CAP: 5%
- PPSF: $ 350
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Details: AssetCRG handled this sale transaction in which the building owner needed a quick sale in a timely and professional matter. AssetCRG represented the purchaser, a developer, who saw the analyzed value and potential and engaged in a quick all-cash transaction. The building is roughly 35,000 square feet. AssetCRG subsequently leased the building to two national tenants: Children of America and Retro Fitness.
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- Re-development
- Represented both buyer and seller
