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Xpress Market

1273 Deer Park Ave, North Babylon, NY 11703

Listing Price: $2,500,000

Cap Rate
5.75%
Tenant Name
Xpress Market
Years Remaining On Lease
9.5
Guarantor
Personal Guarantee
Rentable SF
3,050
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.15

Investment Overview

Marcus & Millichap is pleased to present for sale a Net Leased Xpress Market located at 1273 Deer Park Avenue, North Babylon, New York 11703. The subject property consists of a freestanding building comprised of 3,050 square feet of retail space and is situated on a .37-acre parcel of land. Strategically located on the Hard-Signalized Intersection of Deer Park Ave. and Weeks Rd., the property is highly visible to more than 25,500 vehicles per day. This infill location benefits from great demographics including over 68,000 full time residents with an average household income exceeding $88,000 in a three-mile radius. The subject property is located in the middle of a major retail thoroughfare and the immediate trade area is home to a number of National and Regional retailers including Capital One, TD Bank, Chase, PetSmart, LA Fitness, Starbucks, McDonald’s, Burger King, 7-Eleven and many more. Xpress Market executed a 10-year Triple Net-Lease in 2020. There are currently 9 +/- years remaining in the base term. The lease is structured with 2% annual rent escalations. The Property presents investors with an opportunity to own a management free, income producing asset, with a long-term lease, on a strategic corner of a desirable area of Long Island.

Investment Highlights

  • NNN Xpress Market located at 1273 Deer Park Ave, North Babylon, New York 11703
  • Subject property consists of a 3,050 square foot freestanding building situated on a .37-acre parcel
  • Located on the hard-signalized intersection of Deer Park Avenue and Weeks Road, the property is highly visible to more than 25,500 vehicles per day

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

Listing Price: $2,500,000

Cap Rate
5.75%
Tenant Name
Xpress Market
Years Remaining On Lease
9.5
Guarantor
Personal Guarantee
Rentable SF
3,050
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.15

Investment Highlights

  • NNN Xpress Market located at 1273 Deer Park Ave, North Babylon, New York 11703
  • Subject property consists of a 3,050 square foot freestanding building situated on a .37-acre parcel
  • Located on the hard-signalized intersection of Deer Park Avenue and Weeks Road, the property is highly visible to more than 25,500 vehicles per day

Investment Overview

Marcus & Millichap is pleased to present for sale a Net Leased Xpress Market located at 1273 Deer Park Avenue, North Babylon, New York 11703. The subject property consists of a freestanding building comprised of 3,050 square feet of retail space and is situated on a .37-acre parcel of land. Strategically located on the Hard-Signalized Intersection of Deer Park Ave. and Weeks Rd., the property is highly visible to more than 25,500 vehicles per day. This infill location benefits from great demographics including over 68,000 full time residents with an average household income exceeding $88,000 in a three-mile radius. The subject property is located in the middle of a major retail thoroughfare and the immediate trade area is home to a number of National and Regional retailers including Capital One, TD Bank, Chase, PetSmart, LA Fitness, Starbucks, McDonald’s, Burger King, 7-Eleven and many more. Xpress Market executed a 10-year Triple Net-Lease in 2020. There are currently 9 +/- years remaining in the base term. The lease is structured with 2% annual rent escalations. The Property presents investors with an opportunity to own a management free, income producing asset, with a long-term lease, on a strategic corner of a desirable area of Long Island.

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

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