New Hyde Park
1596 Union Turnpike | New Hyde Park, NY 11040
Fee Interest in Absolute NNN Ground Leased Under Multi-Credit Tenant Retail Center
Absolute Single Tenant NNN Ground Lease. Ground Lessee is responsible for all property expenses and maintenance.
Class-A Sub-Tenants. Starbucks, T-Mobile, and Duane-Reade are all national credited tenants.
44+ Years on Lease. Lease expires in August 2048 with no cancel rights (and can extend automatically to 2063; see lease for details).
Demographics. The location has excellent demographics with a dense, wealthy population base in a 5-mile radius of well over one-half million residents, and household income of $157,212 within a 1-mile radius.
Transportation Friendly. Close proximity to The Long Island Rail Road (1.8 mi), the busiest commuter railroad in North America, and JFK International Airport (11.4 mi), the busiest international air passenger gateway into the United States.
Traffic. Exceptional traffic and retail location with signalized corner with a total combined 51,535 VPD.