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1526-1596 Union Tpke 14,651 SF 100% Leased Retail Building New Hyde Park, NY 11040 $3,650,375 CAD ($249.16 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
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- Finance and Insurance
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99,999 SF
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Lorem Ipsum
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Jan 0000
Citizens Bank began in 1828 as High Street Bank in Providence, Rhode Island. The company expanded operations throughout New England and beyond, establishing a presence in 14 states and Washington, DC. Citizens Bank offers consumer banking products, including checking and savings accounts, plus commercial services such as loans and treasury management. The bank serves individuals, small businesses, and large corporations through both physical branches and digital platforms.
- Karako Suits
- Retailer
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99,999 SF
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Lorem Ipsum
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Jan 0000
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- Accommodation and Food Services
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99,999 SF
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Lorem Ipsum
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Jan 0000
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
- 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 | |
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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 | $2,797 CAD |
| Land Assessment | $18,390 CAD | Total Assessment | $21,186 CAD |
Property Taxes
Contacts
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Daniel Abbondandolo -
Joegy Raju -
Victor Little -
Lincoln Cioffi -
Cushman & Wakefield
Presented by
1526-1596 Union Tpke
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