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131 Jericho Tpke 9,753 SF 100% Leased Retail Building Mineola, NY 11501 $7,129,500 CAD ($731.01 CAD/SF) 5.52% Cap Rate
Investment Highlights
- Fully Leased Neighborhood Retail Strip Center: ±9,753 SF multi-tenant retail property delivering stable in-place income.
- Stable Cash Flow with Contractual Rent Increases: Leases feature annual rent growth providing built-in NOI upside.
- 56 On-Site Parking Spaces: Convenient parking configuration with 40 spaces in front and 16 spaces in rear
Executive Summary
Cushman & Wakefield’s Long Island Investment Sales Team is pleased to exclusively offer for sale 131 Jericho Turnpike in Mineola, NY — a fully leased ±9,753 SF neighborhood retail strip center located along one of Nassau County’s most established commercial corridors.
The property is 100% leased to a diversified mix of service-oriented tenants including Kumon, Four Leaf Federal Credit Union, U.S. Tae Kwon Do, Audibel Hearing Center, and Klebanoff Attorneys, providing stable in-place income supported by contractual rent increases and daily-needs retail demand.
Situated on a ±28,227 SF lot with strong frontage along Jericho Turnpike, the asset benefits from excellent visibility, convenient ingress and egress, and 56 on-site parking spaces (40 front / 16 rear). The surrounding trade area features dense residential neighborhoods, strong household incomes, and proximity to the Mineola LIRR Station and NYU Langone Hospital.
This offering provides investors the opportunity to acquire a stabilized neighborhood retail investment with immediate cash flow in a supply-constrained Nassau County submarket.
The property is 100% leased to a diversified mix of service-oriented tenants including Kumon, Four Leaf Federal Credit Union, U.S. Tae Kwon Do, Audibel Hearing Center, and Klebanoff Attorneys, providing stable in-place income supported by contractual rent increases and daily-needs retail demand.
Situated on a ±28,227 SF lot with strong frontage along Jericho Turnpike, the asset benefits from excellent visibility, convenient ingress and egress, and 56 on-site parking spaces (40 front / 16 rear). The surrounding trade area features dense residential neighborhoods, strong household incomes, and proximity to the Mineola LIRR Station and NYU Langone Hospital.
This offering provides investors the opportunity to acquire a stabilized neighborhood retail investment with immediate cash flow in a supply-constrained Nassau County submarket.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
9,753 SF
Building Class
B
Year Built
1997
Price
$7,129,500 CAD
Price Per SF
$731.01 CAD
Cap Rate
5.52%
NOI
$393,216 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.65 AC
Zoning
B-1 - B-1 Business Zoning permitting neighborhood retail, service, office, and financial uses along Jericho Turnpike corridor.
Parking
56 Spaces (5.74 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Wheelchair Accessible
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Audibel Hearing Center
- Health Care and Social Assistance
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99,999 SF
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- Four Leaf Federal Credit Union
- Finance and Insurance
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99,999 SF
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Lorem Ipsum
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Jan 0000
- Klebanoff Attorneys, PC
- Services
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99,999 SF
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Lorem Ipsum
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Jan 0000
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- Educational Services
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99,999 SF
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Lorem Ipsum
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Kumon North America, headquartered in Rutherford, New Jersey, is part of the world’s largest after-school learning program, serving millions of students globally. Founded in 1958, Kumon offers individualized math and reading programs designed to develop self-learning skills and academic excellence. With thousands of centers worldwide, Kumon empowers students to achieve their full potential through consistent practice and personalized instruction.
- U.S. Taekwondo School
- Health Care and Social Assistance
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99,999 SF
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Audibel Hearing Center | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Four Leaf Federal Credit Union | Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Klebanoff Attorneys, PC | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
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Educational Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| U.S. Taekwondo School | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $429 CAD | |
| Land Assessment | $20,532 CAD | Total Assessment | $20,961 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$20,532 CAD
Improvements Assessment
$429 CAD
Total Assessment
$20,961 CAD
Contacts
-
Daniel Abbondandolo -
Joegy Raju -
Victor Little -
Lincoln Cioffi -
Cushman & Wakefield
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131 Jericho Tpke
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