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Single-Tenant Office Medical

CityMD Urgent Care on Long Island- Absolute NNN 2.5% yearly rental increases

2459 Merrick Rd, Bellmore, NY 11710

Listing Price: $4,500,000

Cap Rate
5.33%
Tenant Name
CityMD Part of Village MD
Years Remaining On Lease
6.9
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$750.00
Lease Type
Absolute Net
Rent Per Square Feet
$39.98

Investment Overview

Marcus & Millichap is pleased to present this two-story medical office located at 2459 Merrick
Road, Bellmore, New York. The building is 100 percent occupied by CityMD, tenant operates under
absolute-net lease structure with zero landlord responsibilities. There are 2.5 annual rental increases.

The facility offers a wide range of services, including treatment for allergies, asthma, coughs, colds, cuts, wounds, influenza, insect bites, minor burns, migraines, physical exams, pediatric care, rapid lab tests and screenings (such as COVID-19, STDs, HIV, strep, and pregnancy), sinus infections, sore throats, skin conditions, sprains, strains, urinary tract infections, vaccinations, and X-rays.

The building, originally constructed in 1971, and fully renovated in 2012 and interior retrofitted
in 2017. Spanning a total of 6,000 square feet, it includes 4,400 square feet on the first floor
and 1,600 square feet on the second floor. The structure is composed of steel and masonry on a slab
foundation and offers 26 off-street parking spaces for added convenience. The first-floor houses
eight examination rooms, one procedure room, three restrooms, a physical therapy area, a utility
room, an X-ray room, a lab area, and a reception/waiting area. The second floor features an
employee area, two offices, and a conference room. The facility is equipped with a steel deck roof
with a Firestone APP 160 membrane, a 400 Amp three-phase 110/220v electric service, two rooftop
ducted HVAC units, and one ductless split system. Additional infrastructure includes a one-inch
domestic water line, a six-inch sewer line, a four-inch fire sprinkler line, fire sprinkler and
alarm systems, a gas meter, and an AO Smith 40-gallon electric water heater. The property is also
enhanced with a lawn sprinkler system and professionally landscaped specimen plantings.
The Bellmore urgent care is located at the corner of Merrick Road and Lefferts Place in Bellmore.
The nearest public transport is the Merrick Rd + Newbridge Rd and Merrick Rd + Argyle Pl stops on
the N-19 bus line.

With modern facilities and a well-equipped medical team, CityMD Urgent Care ensures that patients
receive quality healthcare services in a convenient and comfortable setting.

Investment Highlights

  • No UNACCOMPANIED SITE VISITS are to take place. Do Not Disturb the Tenant
  • There are Seven Years of Lease Term Remaining on the Initial 20-Year Lease. The Corporate Entity Guarantees the Full Term and has Over 150 Locations Across New York and New Jersey
  • There are 2.5 Percent Annual Rental Increases Providing a Strong Hedge Against Inflation

Exclusively Listed By

  • Megan Sullivan

    Illinois Licensed Associate Real Estate Broker

    (312) 327-5493

    Email Megan

    License(s): IL: 475.208710

    Chicago Downtown

  • Frank M. Roti

    Illinois Licensed Real Estate Broker

    (312) 624-7013

    Email Frank

    License(s): IL: 475.139806

    Chicago Downtown

  • Brett Rodgers

    Illinois Licensed Real Estate Broker

    (312) 624-7012

    Email Brett

    License(s): IL: 475.137849

    Chicago Downtown

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Single-Tenant Office Medical

CityMD Urgent Care on Long Island- Absolute NNN 2.5% yearly rental increases

Listing Price: $4,500,000

Cap Rate
5.33%
Tenant Name
CityMD Part of Village MD
Years Remaining On Lease
6.9
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$750.00
Lease Type
Absolute Net
Rent Per Square Feet
$39.98

Investment Highlights

  • No UNACCOMPANIED SITE VISITS are to take place. Do Not Disturb the Tenant
  • There are Seven Years of Lease Term Remaining on the Initial 20-Year Lease. The Corporate Entity Guarantees the Full Term and has Over 150 Locations Across New York and New Jersey
  • There are 2.5 Percent Annual Rental Increases Providing a Strong Hedge Against Inflation

Investment Overview

Marcus & Millichap is pleased to present this two-story medical office located at 2459 Merrick Road, Bellmore, New York. The building is 100 percent occupied by CityMD, tenant operates under absolute-net lease structure with zero landlord responsibilities. There are 2.5 annual rental increases. The facility offers a wide range of services, including treatment for allergies, asthma, coughs, colds, cuts, wounds, influenza, insect bites, minor burns, migraines, physical exams, pediatric care, rapid lab tests and screenings (such as COVID-19, STDs, HIV, strep, and pregnancy), sinus infections, sore throats, skin conditions, sprains, strains, urinary tract infections, vaccinations, and X-rays. The building, originally constructed in 1971, and fully renovated in 2012 and interior retrofitted in 2017. Spanning a total of 6,000 square feet, it includes 4,400 square feet on the first floor and 1,600 square feet on the second floor. The structure is composed of steel and masonry on a slab foundation and offers 26 off-street parking spaces for added convenience. The first-floor houses eight examination rooms, one procedure room, three restrooms, a physical therapy area, a utility room, an X-ray room, a lab area, and a reception/waiting area. The second floor features an employee area, two offices, and a conference room. The facility is equipped with a steel deck roof with a Firestone APP 160 membrane, a 400 Amp three-phase 110/220v electric service, two rooftop ducted HVAC units, and one ductless split system. Additional infrastructure includes a one-inch domestic water line, a six-inch sewer line, a four-inch fire sprinkler line, fire sprinkler and alarm systems, a gas meter, and an AO Smith 40-gallon electric water heater. The property is also enhanced with a lawn sprinkler system and professionally landscaped specimen plantings. The Bellmore urgent care is located at the corner of Merrick Road and Lefferts Place in Bellmore. The nearest public transport is the Merrick Rd + Newbridge Rd and Merrick Rd + Argyle Pl stops on the N-19 bus line. With modern facilities and a well-equipped medical team, CityMD Urgent Care ensures that patients receive quality healthcare services in a convenient and comfortable setting.

Exclusively Listed By

  • Megan Sullivan

    Illinois Licensed Associate Real Estate Broker

    (312) 327-5493

    Email Megan

    License(s): IL: 475.208710

    Chicago Downtown

  • Frank M. Roti

    Illinois Licensed Real Estate Broker

    (312) 624-7013

    Email Frank

    License(s): IL: 475.139806

    Chicago Downtown

  • Brett Rodgers

    Illinois Licensed Real Estate Broker

    (312) 624-7012

    Email Brett

    License(s): IL: 475.137849

    Chicago Downtown

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

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