Shopping Strip
58-60 E Merrick Road
58-60 E Merrick Rd, Valley Stream, NY 11580
Listing Price: $5,250,000
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale 58-60 E Merrick Road, a three tenant retail strip center located in Valley Stream, NY.
58-60 E Merrick Road
Investment Highlights
- Premier Merrick Road frontage — approximately 200 feet of continuous frontage on a corridor carrying 29,750 vehicles per day, delivering the visibility and access national tenants underwrite.
- Durable, diversified income mix across convenience retail (7-Eleven), home-improvement retail (Aboff's Paints) and fitness (Stay Fit Culture) — sectors insulated from e-commerce displacement.
- Net-lease style expense recovery — leases carry tax, CAM and insurance reimbursements, insulating ownership from rising Nassau County operating costs with minimal landlord responsibility.
- Dense, affluent trade area — 689,875 residents within five miles with a 2025 average household income of $146,327, rising to$155,868 within one mile of the property.
- Irreplaceable infill real estate — 0.61 acres with 25 surface spaces and 3 storefronts on a corridor where new retail development is effectively precluded by zoning and land scarcity.
- 7-Eleven exercised its first renewal option ahead of schedule and secured an additional extension period, reinforcing the tenant's long-term commitment to the site.
Exclusively Listed By
Listing Price: $5,250,000
Investment Highlights
- Premier Merrick Road frontage — approximately 200 feet of continuous frontage on a corridor carrying 29,750 vehicles per day, delivering the visibility and access national tenants underwrite.
- Durable, diversified income mix across convenience retail (7-Eleven), home-improvement retail (Aboff's Paints) and fitness (Stay Fit Culture) — sectors insulated from e-commerce displacement.
- Net-lease style expense recovery — leases carry tax, CAM and insurance reimbursements, insulating ownership from rising Nassau County operating costs with minimal landlord responsibility.
- Dense, affluent trade area — 689,875 residents within five miles with a 2025 average household income of $146,327, rising to$155,868 within one mile of the property.
- Irreplaceable infill real estate — 0.61 acres with 25 surface spaces and 3 storefronts on a corridor where new retail development is effectively precluded by zoning and land scarcity.
- 7-Eleven exercised its first renewal option ahead of schedule and secured an additional extension period, reinforcing the tenant's long-term commitment to the site.
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale 58-60 E Merrick Road, a three tenant retail strip center located in Valley Stream, NY.
Exclusively Listed By
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