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Friendly's 2151 Jericho Tpke 4,798 SF Retail Building Commack, NY 11725 $5,359,896 CAD ($1,117.11 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/Renovated
1981/2016
Price
$5,359,896 CAD
Price Per SF
$1,117.11 CAD
Cap Rate
5.50%
NOI
$294,794 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 | $22,836 CAD |
| Land Assessment | $6,200 CAD | Total Assessment | $29,036 CAD |
PROPERTY TAXES
Parcel Number
0800-090-00-02-00-005-002
Land Assessment
$6,200 CAD
Improvements Assessment
$22,836 CAD
Total Assessment
$29,036 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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