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Friendly's 2151 Jericho Tpke 4,798 SF Retail Building Commack, NY 11725 $5,319,047 CAD ($1,108.60 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Strong Positioning and Frontage
- Strong Demographics
- Strong Corporate Guarantee
- Long - Term Triple -Net Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Friendly’s located at 2151 Jericho Turnpike, Commack, NY 11725. Th e site consists of roughly 4,798 rentable square feet of building space on an estimated 1.01 -acre parcel of land. This Friendly’s is subject to a Triple Net (NNN) lease, which has over 13 years of term remaining. The current annual rent is $219,971 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,798 SF
Building Class
C
Year Built
1981
Price
$5,319,047 CAD
Price Per SF
$1,108.60 CAD
Cap Rate
5.50%
NOI
$292,548 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.01 AC
Frontage
Amenities
- Dedicated Turn Lane
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-090-00-02-00-005-002 | Improvements Assessment | $22,996 CAD |
| Land Assessment | $6,243 CAD | Total Assessment | $29,239 CAD |
Property Taxes
Parcel Number
0800-090-00-02-00-005-002
Land Assessment
$6,243 CAD
Improvements Assessment
$22,996 CAD
Total Assessment
$29,239 CAD
Contacts
-
Kyle Karsian -
Walker Stevens -
Matthew Anuszkiewicz -
Glen Kunofsky -
Christopher Marks -
Surmount
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Friendly's | 2151 Jericho Tpke
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