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CORPORATE CONSTRUCTED CITIZENS BANK 2150 Merrick Rd
2,412 SF Retail Building Merrick, NY 11566 $4,494,976 CAD ($1,864 CAD/SF) 4.57% Cap Rate
Investment Highlights
- NNN Asset Investment - Rare Opportunity - Long Island NY
- NNN Lease - Zero Landlord Responsibilities
- RARE DRIVE THRU WINDOW
- National BBB+ Credit Tenant - Commitment to Northeast Area
- Long Term Lease w/ 20 Years in Options
- Prime Nassau County Corridor
Executive Summary
Prime Transit, Commercial & Pedestrian Corridor
Daily Counts ~27k- 39k V.P.D.
Prime Corner Parcel / Double-Wide Dual Egress (X2)
* Rare DRIVE TRU WINDOW
Strong Consumer Demographic Area
Long Term Lease w. 10% every 5 year C.P.I Increases
Additional 20 + Years in 5 year block Options ( Block 5 N.O.I = $234,731 )
Stable National Credit (BBB+) Investment Bank Tenant
Consistent Growth - Citizens Quarterly Report 2024
Long Island/ Northeastern Tenant w. Strong Area Commitment
* Call for Details - D.N.D. Tenant
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Banking
- Bus Line
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Drive Thru
- Wheelchair Accessible
- Recessed Lighting
- Air Conditioning
- Fiber Optic Internet
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- -
- $77.25 CAD
- Net
- Feb 2032
At Citizens, they're committed to putting their customers, colleagues, communities, and shareholders first, because when they succeed, Citizens succeed. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $219.9 billion in assets as of June 30th, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | $77.25 CAD | Net | Feb 2032 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2089-63-132-00-0249-0 | Improvements Assessment | $5,865 CAD |
| Land Assessment | $5,688 CAD | Total Assessment | $11,553 CAD |
PROPERTY TAXES
-
Todd Romano -
Hampton Estates Realty
Presented by
CORPORATE CONSTRUCTED CITIZENS BANK | 2150 Merrick Rd
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