2150 Merrick RdMerrick, NY 11566

For Sale
$3,100,000

High-return, NNN-leased retail property.

Overview

Added:
Feb 3
Days on market:
40
This exceptional investment opportunity presents a 2,412 square foot retail property located at 2150 Merrick Road in Merrick, New York, within a prime Nassau County business corridor. The property sits on a 0.31-acre lot and is currently 100% occupied by a national tenant boasting a BBB+ credit rating, ensuring a stable and secure income stream. The existing lease is a triple-net (NNN) agreement, meaning the tenant is responsible for all operating expenses, significantly reducing landlord responsibilities. The lease features a long-term commitment extending through 2035, with options for an additional 20 years. Furthermore, the lease includes a built-in mechanism for secure growth, with annual rent increases tied to a 10% Consumer Price Index (CPI) block. This provides a hedge against inflation and ensures consistent rental income growth. The tenant demonstrates a strong commitment to the Northeast and Long Island markets, further solidifying the investment's stability and long-term potential. The building itself encompasses 2,490 square feet, entirely dedicated to retail space. This property offers a compelling investment opportunity for those seeking a low-maintenance, high-return asset with significant long-term growth potential. Contact us today for detailed financial information and to schedule a viewing.

Property Details for 2150 Merrick Rd

Property type
Retail properties, Other retail properties
Square Feet
2,412 SF
Year Built
2017
Lot Size (sq. ft)
13,504 SF

Location Insight

City
Merrick
County
Nassau County
State
New York
Latitude
40.65855
Longitude
-73.54446
2150 Merrick Rd, Merrick, New York

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2150 Merrick Rd
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