8 Rockaway Avenue, Valley Stream | Retail Investment | $2,500,000

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8 Rockaway Avenue, Valley Stream | Retail Investment | $2,500,000

$2,500,000.00

  • 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

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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Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.

Contact Info

215-15 Northern Boulevard,
3rd Floor
Bayside, NY 11361

Phone: 646.586.2091

Fax: 646.767.6790

Web: www.assetcrg.com