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1526-1596 Union Tpke 14,651 SF 100% Leased Retail Building New Hyde Park, NY 11040 $3,623,954 CAD ($247.35 CAD/SF) 7.39% Cap Rate



Investment Highlights
- ±38 years remaining on long-term ground lease (through 2063)
- 100% occupied with stabilized, predominantly NNN income stream
- National credit tenants including Starbucks, Citizens Bank & Verizon
- Signalized corner on Union Turnpike with 45,000+ vehicles per day
Executive Summary
The property is anchored by national credit tenants including Starbucks, Citizens Bank, and Verizon, providing durable cash flow supported by strong corporate credit. The asset operates under a long-term ground lease with approximately 38 years remaining, offering predictable income and site control through August 31, 2063.
With predominantly NNN expense recoveries, stabilized in-place income, and location within a dense, high-income Nassau County trade area, the offering presents a passive, institutional-quality retail investment opportunity.
Property Facts
Amenities
- Corner Lot
- Security System
- Signage
- Signalized Intersection
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Citizens Bank, the primary banking subsidiary of Citizens Financial Group, is a full-service financial institution headquartered in Providence, Rhode Island. The bank provides a comprehensive range of services, including personal and business banking, mortgage lending, wealth management, and commercial banking solutions. Citizens Bank operates an extensive branch and ATM network across multiple states, serving individuals, small businesses, and large corporations. Its offerings include checking and savings accounts, credit cards, personal loans, home equity products, and investment services. The bank also provides digital banking platforms for convenient online and mobile access. Citizens Financial Group, the parent company, is publicly traded on the New York Stock Exchange under the ticker symbol CFG. Established in 1828, Citizens Bank has grown into one of the largest regional banks in the United States, maintaining a strong focus on customer service and community engagement.
- Karako Suits
- Retailer
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99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Starbucks is a publicly traded coffeehouse and beverage company focused on the sourcing, roasting, and retailing of coffee and related products. Founded in 1971 in Seattle, Washington, the company began as a retailer of whole bean coffee and coffee equipment before evolving into a café-based model in the late 1980s. Starbucks operates company-owned and licensed locations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, supported by regional offices and corporate functions. The company’s operations include retail stores, roasting facilities, and supply chain infrastructure that supports both in-store and packaged goods channels. Starbucks has expanded its portfolio over time to include tea-based beverages, food offerings, and ready-to-drink products distributed through grocery and foodservice partners. The company has also developed premium concepts, including Starbucks Reserve, which emphasizes small-batch coffee and experiential retail formats. Starbucks is listed on the Nasdaq under the ticker symbol SBUX. Its corporate headquarters, known as the Starbucks Center, is located in Seattle and houses executive leadership, global operations, and administrative functions.
- Verizon
- Retailer
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Karako Suits | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Verizon | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 2289-08-117-01-0001-0 | Improvements Assessment | $2,752 CAD |
| Land Assessment | $18,094 CAD | Total Assessment | $20,845 CAD |
Property Taxes
Presented by
1526-1596 Union Tpke
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