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Miscellaneous

Party City

3098 Long Beach Rd, Oceanside, NY 11572

Listing Price: $7,483,076

Cap Rate
6.50%
Tenant Name
Party City Corporation
Years Remaining On Lease
9.5
Guarantor
Corporate Guarantee
Rentable SF
15,500
Lease Type
Double Net
Rent Per Square Feet
$31.38

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Party City located at 3098 Long Beach Road in Oceanside, New York. The property consists of roughly 15,550 rentable square feet of building space on an estimated 1.24-acre parcel of land. This Party City is subject to a 12-Year Absolute Double-Net (NN) lease extension with over 9.5 years remaining. In December 2024, the rent increases to$501,270. Party City has operated at this location since 1998.

Investment Highlights

  • Early Lease Extension –9.5+ Years Remaining
  • Strong Location Commitment | Party City Has Operated at this Location since 1998
  • Attractive 5% Rental Increase in Year 5

Exclusively Listed By

Miscellaneous

Party City

Listing Price: $7,483,076

Cap Rate
6.50%
Tenant Name
Party City Corporation
Years Remaining On Lease
9.5
Guarantor
Corporate Guarantee
Rentable SF
15,500
Lease Type
Double Net
Rent Per Square Feet
$31.38

Investment Highlights

  • Early Lease Extension –9.5+ Years Remaining
  • Strong Location Commitment | Party City Has Operated at this Location since 1998
  • Attractive 5% Rental Increase in Year 5

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Party City located at 3098 Long Beach Road in Oceanside, New York. The property consists of roughly 15,550 rentable square feet of building space on an estimated 1.24-acre parcel of land. This Party City is subject to a 12-Year Absolute Double-Net (NN) lease extension with over 9.5 years remaining. In December 2024, the rent increases to$501,270. Party City has operated at this location since 1998.

Exclusively Listed By

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