Investment Overview

The subject offering is a single-tenant net-leased convenience store located on the corner of Rockaway Turnpike and Burnside Avenue in Lawrence (Long Island), NY. The property is leased to Circle A Deli on an absolute NNN lease that began in 2003 and runs through September 30, 2031. Circle A Deli has a 3% annual increase with no renewal options. The tenant is responsible for all expenses on this site, including all real estate taxes, insurance, maintenance, repairs and roof and structure. There are no landlord responsibilities on this property. The offering is located on the most heavily traveled corner in Lawrence. The site sits on a hard corner 9,888 SF lot (102’ x 97’) with dedicated parking for 12 cars and curb cuts on both Rockaway Turnpike and Burnside Avenue. The property is an outparcel to a 63K SF shopping center anchored by Pollo Campero, Planet Fitness, Dollar Tree and Advance Auto Parts. The site is surrounded by national retailers, and it benefits from traffic counts of approximately 81,000 vehicles per day. This is an opportunity to acquire a zero-management retail asset with a tenant that has been at this location for 22+ years. This is outstanding real estate that benefits from strong demographics and incredible daily traffic counts.