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Bank

TD Bank - Absolute NNN Lease - Long Island, NY

288 Merrick Rd, Rockville Centre, NY 11570

Listing Price: $7,950,000

Cap Rate
5.33%
Tenant Name
TD Bank
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
3,869
Lease Type
Absolute Net
Rent Per Square Feet
$109.46

Investment Overview


The subject offering is a single-tenant net-leased TD Bank located on Merrick Road in Rockville Centre (Long Island), NY. This is a fee simple deal. TD Bank has seven years remaining on a an absolute NNN lease (zero landlord responsibilities) that runs through October 2030. TD Bank has a 10% increase coming in October 2025, and they have four (5) five-year options to renew.

This is a prime retail location, located directly in the heart of the Rockville Centre retail corridor. The site is surrounded by local and national retailers. It rests on a 24,742 SF lot, and it has a three-lane drive-thru, with parking for 21 cars. It is the only property in downtown Rockville Centre that has an approved drive-thru. The bank has $137 Million in deposits.

The property benefits from outstanding local demographics, with 1-Mile and 3-Mile populations of 25,377 and 201,584 people. All with an average household income approaching $140K per year. This is the incredibly rare opportunity to purchase a zero-management credit tenant deal with a drive-thru located in solid Nassau County retail corridor.

Investment Highlights

  • Absolute NNN Leased Fee Simple TD Bank - Lease Through 2030 With a 10% Increase Coming in October 2025.
  • 3,869 SF Retail Property Resting on a 24,742 SF Lot With Parking For 21 Cars. The Property has a Three-Lane Drive-Thru. TD Bank has $137M in Deposits at This Location
  • Prime Rockville Centre Retail Location. Located Directly in the Heart of the Downtown Retail Corridor, Surrounded by Local and National Retailers.

Exclusively Listed By

Bank

TD Bank - Absolute NNN Lease - Long Island, NY

Listing Price: $7,950,000

Cap Rate
5.33%
Tenant Name
TD Bank
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
3,869
Lease Type
Absolute Net
Rent Per Square Feet
$109.46

Investment Highlights

  • Absolute NNN Leased Fee Simple TD Bank - Lease Through 2030 With a 10% Increase Coming in October 2025.
  • 3,869 SF Retail Property Resting on a 24,742 SF Lot With Parking For 21 Cars. The Property has a Three-Lane Drive-Thru. TD Bank has $137M in Deposits at This Location
  • Prime Rockville Centre Retail Location. Located Directly in the Heart of the Downtown Retail Corridor, Surrounded by Local and National Retailers.

Investment Overview

The subject offering is a single-tenant net-leased TD Bank located on Merrick Road in Rockville Centre (Long Island), NY. This is a fee simple deal. TD Bank has seven years remaining on a an absolute NNN lease (zero landlord responsibilities) that runs through October 2030. TD Bank has a 10% increase coming in October 2025, and they have four (5) five-year options to renew. This is a prime retail location, located directly in the heart of the Rockville Centre retail corridor. The site is surrounded by local and national retailers. It rests on a 24,742 SF lot, and it has a three-lane drive-thru, with parking for 21 cars. It is the only property in downtown Rockville Centre that has an approved drive-thru. The bank has $137 Million in deposits. The property benefits from outstanding local demographics, with 1-Mile and 3-Mile populations of 25,377 and 201,584 people. All with an average household income approaching $140K per year. This is the incredibly rare opportunity to purchase a zero-management credit tenant deal with a drive-thru located in solid Nassau County retail corridor.

Exclusively Listed By

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