Carvana with Giant Car Vending Machine for Sale in Long Island NY

This ad is marked as Sold

Description:


SOLD, SOLD, SOLD .. was listed for $19,355,000




New 20 Yr Absolute NNN with Annual Increases 2023 Construction.

INVESTMENT HIGHLIGHTS

- Brand new 20-year absolute NNN lease at the close of escrow
- 2% annual rental increases
- A well-known, established, and publicly-traded (NYSE CVNA) used-car retailer with nearly 40 locations across the country
- Newly-constructed building with a state-of-the art design and high-quality materials
- Located less than one mile from the Long Island Rail Road’s Carle Place train station (LIRR Main Line)
- Located within the New York City Metropolitan Area Situated approximately 30 miles from Manhattan, and benefits from close proximity to Brooklyn, Queens, and the surrounding communities of Nassau County
- Strategically located just off of Meadowbrook State Parkway (134,600 VPD)
- Located adjacent to Whole Foods, across from Roosevelt Field Shopping Mall, the largest shopping mall in the greater New York City metropolitan area with approximately 2,367,000 SF of retail space
- Other nearby national credit tenants including Costco Wholesale, Walmart Supercenter, Target, T.J. Maxx, The Home Depot, Trader Joe’s, Lowe’s Home Improvement, and many more
- Supported by more than 483,000 residents and 249,000 employees in the 5 mile trade area AHHI $174,466 in 1 mile radius

Members profile:


Advertised by: Patrick Luther (click here to see full profile)
Email: Email Advertiser

Ad Details


Property is Sold
Auto Use Allowed Yes
Garage Spaces (put 0 if this does not apply) 15.00
Price Info SOLD, SOLD, SOLD .. was listed for $19,355,000
Price: $0 USD

Buildings & Land


Property Name Carvan Car Dealership
Property Types Car Lot or Building, Showroom, Retail, Vehicle Related
Land Types Retail
Cap Rate 7.75%
Year Built: 2023

Use & Status


Best Property Use This is an investment property
Construction Status: Existing Structures

For Sale at Auction


Auction Sale? No

Unique Sale Issues


Type of Sale Real Estate Agency Sale

Location


Address 2 North Avenue
City Garden City
State NY
Postal Code 11530
Country USA

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Ad id: 18244520
Region:
Ad views: 892