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Bank

Apple Bank

8 Little E Neck Rd, Babylon, NY 11702

Listing Price: $3,563,218

Cap Rate
4.35%
Tenant Name
Apple Bank Corporate
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
4,590
Lease Type
Double Net
Rent Per Square Feet
$33.77

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Apple Bank located at 8 Little Neck Road in Babylon, New York. The site consists of roughly 4,590 square feet of building space on estimated 0.69-acre parcel of land. This Apple Bank is subject to a brand new 15-year lease, which is estimated to commence on November 1st, 2021.

Investment Highlights

  • Apple Bank Expected to Open For Business November 2021
  • Lease Guaranteed By Apple Bank | 80 Branches & $16.1BN in Assets (2020)
  • Brand New Long-Term, 15-Year Lease | Excellent Rental Increases With Ten Percent (10%) Rental Increases In Year Four, Year Eight, & Year Twelve

Exclusively Listed By

Financing By

Listing Price: $3,563,218

Cap Rate
4.35%
Tenant Name
Apple Bank Corporate
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
4,590
Lease Type
Double Net
Rent Per Square Feet
$33.77

Investment Highlights

  • Apple Bank Expected to Open For Business November 2021
  • Lease Guaranteed By Apple Bank | 80 Branches & $16.1BN in Assets (2020)
  • Brand New Long-Term, 15-Year Lease | Excellent Rental Increases With Ten Percent (10%) Rental Increases In Year Four, Year Eight, & Year Twelve

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Apple Bank located at 8 Little Neck Road in Babylon, New York. The site consists of roughly 4,590 square feet of building space on estimated 0.69-acre parcel of land. This Apple Bank is subject to a brand new 15-year lease, which is estimated to commence on November 1st, 2021.

Exclusively Listed By

Financing By

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