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36-38 Glen Cove Rd 9,197 SF Retail Building Greenvale, NY 11548 $11,353,040 CAD ($1,234.43 CAD/SF) 5.05% Cap Rate
Investment Highlights
- Traffic counts exceeding 37,000 vehicles per day, ensuring consistent visibility.
- On-site parking for 30 vehicles plus adjacent street parking, enhancing tenant and customer convenience.
- Projected NOI growth from $404,398.49 in 2026 to $429,799 in 2027 due to existing rent escalations.
- Within the last 3 years: New Roof, New Paving, New HVAC
Executive Summary
This North Shore retail property at 36 & 38 Glen Cove Road offers a well-located investment opportunity just one block north of Northern Boulevard in Greenvale, NY. The asset consists of approximately 9,197 SF of street-level retail space plus a 1,000 SF basement on a 25,050 SF parcel, complemented by 30 on-site parking spaces and additional street parking. Within the last 3 years: New Roof, New Paving, New HVAC
The property is currently anchored by Mattress Firm and supported by Pacific Street Pizza and Off Nate Barbershop, with a projected second-floor tenant for additional income. Existing leases feature scheduled rent increases that support steady income growth. Current projections estimate a Net Operating Income of approximately $404,398.49 in 2026, rising to $429,799 in 2027.
Located in a high-traffic corridor with over 37,000 vehicles passing daily, the property benefits from exceptional visibility and accessibility. With a surrounding population of more than 223,000 within five miles and household incomes exceeding $150,000, this trade area supports strong tenant performance and long-term stability.
The property is currently anchored by Mattress Firm and supported by Pacific Street Pizza and Off Nate Barbershop, with a projected second-floor tenant for additional income. Existing leases feature scheduled rent increases that support steady income growth. Current projections estimate a Net Operating Income of approximately $404,398.49 in 2026, rising to $429,799 in 2027.
Located in a high-traffic corridor with over 37,000 vehicles passing daily, the property benefits from exceptional visibility and accessibility. With a surrounding population of more than 223,000 within five miles and household incomes exceeding $150,000, this trade area supports strong tenant performance and long-term stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,197 SF
Building Class
C
Year Built
1993
Price
$11,353,040 CAD
Price Per SF
$1,234.43 CAD
Cap Rate
5.05%
NOI
$573,894 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.60 AC
Zoning
Business B - Multi-tenanted strip center
Parking
30 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,213 CAD | |
| Land Assessment | $22,046 CAD | Total Assessment | $24,259 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$22,046 CAD
Improvements Assessment
$2,213 CAD
Total Assessment
$24,259 CAD
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36-38 Glen Cove Rd
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