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Miscellaneous

Party City

3098 Long Beach Rd, Oceanside, NY 11572

Listing Price: $7,908,943

Cap Rate
6.15%
Tenant Name
Party City
Years Remaining On Lease
10.7
Gross SF
15,500
Guarantor
Corporate Guarantee
Rentable SF
15,500
Price/Gross SF
$510.25
Lease Type
Absolute 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 lease extension with over 11 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 11+ Years Remaining
  • Strong Location Commitment | Party City Has Operated at this Location since 1998
  • Attractive Five Percent Rental Increase in Year Five

Exclusively Listed By

Financing By

Listing Price: $7,908,943

Cap Rate
6.15%
Tenant Name
Party City
Years Remaining On Lease
10.7
Gross SF
15,500
Guarantor
Corporate Guarantee
Rentable SF
15,500
Price/Gross SF
$510.25
Lease Type
Absolute Net
Rent Per Square Feet
$31.38

Investment Highlights

  • Early Lease Extension 11+ Years Remaining
  • Strong Location Commitment | Party City Has Operated at this Location since 1998
  • Attractive Five Percent Rental Increase in Year Five

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 lease extension with over 11 years remaining. In December 2024, the rent increases to $501,270. Party City has operated at this location since 1998.

Exclusively Listed By

Financing By

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