2012 Sunrise HwyMerrick, NY 11566

For Sale
Call for price

Nassau County, NY: High-Yield Investment

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity comprises three Class A medical office buildings in prime Nassau County, NY locations: Merrick, Lynbrook, and Levittown. Each building is strategically situated on major thoroughfares with high traffic counts and surrounded by national retailers, ensuring excellent visibility and accessibility. The properties boast a combined square footage ranging from 6,970 to 12,315 square feet, situated on lots ranging from 0.46 to 1.2 acres. All three buildings are currently under a triple net (NNN) lease with RadNet, a leading provider of medical imaging and radiology services, with nine years remaining on a ten-year lease term, expiring January 30, 2031. The lease includes two five-year renewal options and a 3% annual rent increase. Annual rent totals $1,993,000, providing a stable and predictable income stream. The properties benefit from strong demographics, with a wealthy population and increasing demand for medical imaging services. This portfolio offers a rare opportunity to acquire a diversified, high-yield investment in a thriving Long Island market. The permitted zoning for all properties is Medical. Buildings were constructed in 2013.

Highlights

  • Three Class A medical office buildings in prime Nassau County, NY locations.
  • Triple-net (NNN) leased to RadNet, a leading medical imaging and radiology provider.
  • Nine years remaining on a ten-year lease, expiring January 30, 2031, with two five-year renewal options.
  • 3% annual rent increase.
  • Geographically diverse portfolio across Nassau County, NY.
  • Strong demographics with a wealthy population and high demand for medical services.

Property Details for 2012 Sunrise Hwy

Property type
Other office properties, Medical offices
Square Feet
6,970 SF
Class
A
Year Built
2013
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Merrick
County
Nassau
State
New York
Latitude
40.6626145
Longitude
-73.5524402
2012 Sunrise Hwy, Merrick, New York

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2012 Sunrise Hwy
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