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Auto Service - Gas-Conv

864 Carman Ave

864 Carman Ave, Westbury, NY 11590

Listing Price: $2,900,000

Cap Rate
6.29%
Tenant Name
Mobil/Bolla
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
1,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$152.09

Investment Overview

Located at the hard intersection of Carman Ave and Stewart Ave with a combined traffic count of 27,700 vehicles per day. To the other side of the block is Wantagh Parkway with a traffic count of 78,000 vehicles per day. • Surrounded by national retailers such as CVS, Dunkin Donuts, Starbucks, Walmart, Costco, Home Depot, Stew Leonard’s, Lidl, Marshalls, Target and many more. Within close proximity to Nassau Community College (Total Enrollment: 17,000+ Students) and Nassau University Medical Center (631 Beds). • Located in a dense and affluent neighborhood of Nassau County with over 158,000 people living within a 3-mile radius with an average household income of over $150,000.

Investment Highlights

  • 3 years remaining on second 5-year option. Two 5-year Options remain thereafter. 15% rent increases at the beginning of each option
  • Mobil Oil Corp Guarantee assigned to Bolla Market
  • Operating as a gas station since 1988. Over 33 years in operation.

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

Financing By

Auto Service - Gas-Conv

864 Carman Ave

Listing Price: $2,900,000

Cap Rate
6.29%
Tenant Name
Mobil/Bolla
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
1,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$152.09

Investment Highlights

  • 3 years remaining on second 5-year option. Two 5-year Options remain thereafter. 15% rent increases at the beginning of each option
  • Mobil Oil Corp Guarantee assigned to Bolla Market
  • Operating as a gas station since 1988. Over 33 years in operation.

Investment Overview

Located at the hard intersection of Carman Ave and Stewart Ave with a combined traffic count of 27,700 vehicles per day. To the other side of the block is Wantagh Parkway with a traffic count of 78,000 vehicles per day. • Surrounded by national retailers such as CVS, Dunkin Donuts, Starbucks, Walmart, Costco, Home Depot, Stew Leonard’s, Lidl, Marshalls, Target and many more. Within close proximity to Nassau Community College (Total Enrollment: 17,000+ Students) and Nassau University Medical Center (631 Beds). • Located in a dense and affluent neighborhood of Nassau County with over 158,000 people living within a 3-mile radius with an average household income of over $150,000.

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

Financing By

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