- Description: Retail center consisting of 6 retail tenants in Valley Stream
- Neighborhood: Valley Stream
- Lot Size: 21,000 SF (100′ X 210′)
- Building Size: 18,500 SF (180′ X 100′)
- Number of Stories: 1
- Parking: Yes
- Zoning:C-1
- Cross Streets: Rockaway Avenue & Merrick Road
- Transportation: LIRR lines at Valley Stream
- Nearby Retailers: Rite Aid, Burger King, CVS Pharmacy, Sears, Dick’s Sporting Goods, Shell, AT&T and more
- NOI: $166,201
- CAP Rate: 6.5%
- Asking Price: $2,500,000
8 Rockaway Avenue, Valley Stream | Retail Investment | $2,500,000
$2,500,000.00
Details
Highlights:
- The building spans a total of 18,500 SF on a 21,000 SF lot
- The entire building is 100% leased
- Every lease includes a 3% annual increase
- Blocks from the LIRR Valley Stream Station, buses, and highways
- Great Retail corridor of W. Merrick Road & Rockaway Avenue
- Tenants are responsible for all utility, water, electricity and pays the tax increases above base years
- NOI is $166,201
- Asking is $2,500,000— SUBMIT BEST OFFERS!
Additional Information
| Asset Type | Retail |
|---|---|
| City | Long Island |
| Price | $ 2,500,000 |
| Building Size | 18,500 |
| Cap Rate | 6.5% |
| Net Operating Income | $166,201 |
Map
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