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State Street Plaza 1200 E Jericho Tpke 10,476 SF 100% Leased Retail Building Huntington, NY 11743 $8,166,132 CAD ($779.51 CAD/SF) 6.02% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully-Occupied 10 Unit Retail Neighborhood Center
- Ample Parking to Accommodate Customers
- Close Proximity From The Northern State Parkway
- Handful of Long Term Tenants & 5+ Year Leases; Majority have 3% Annual Increases in Rent
- High Traffic Counts: Over 33,800 VPD
- Near Other Bustling Neighborhood Amenities
EXECUTIVE SUMMARY
At this location you'll find a 10-unit retail strip center. Also known as State Street Plaza, this property is a neighborhood staple, providing many services for local residents. This property is currently fully-occupied. State Street Plaza consists of about 50 parking spaces with one curb cut serving as an entrance/exit. This property is in a prime location. In addition to being on the busy Jericho Turnpike where over 33,800 cars drive by each day, it's only 5 minutes off the Northern State Parkway. Neighborhood amenities surround this property. Nearby you'll find car dealerships, restaurants, gas stations, and a Stop & Shop.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
10,476 SF
Building Class
B
Year Built
1960
Price
$8,166,132 CAD
Price Per SF
$779.51 CAD
Cap Rate
6.02%
NOI
$491,781 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Zoning
C6
Parking
50 Spaces (4.77 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0400-208-00-02-00-019-002 | Improvements Assessment | $10,171 CAD |
| Land Assessment | $6,664 CAD | Total Assessment | $16,835 CAD |
PROPERTY TAXES
Parcel Number
0400-208-00-02-00-019-002
Land Assessment
$6,664 CAD
Improvements Assessment
$10,171 CAD
Total Assessment
$16,835 CAD
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State Street Plaza | 1200 E Jericho Tpke
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