Centereach Commons

Centereach Plaza

Centerach
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Sherwin
Site Plan 4
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CENTEREACH COMMONS
1929 Middle Country Rd, Centereach, NY 11720

PRICE $17,000,000
GLA 47,606 SF
PROPERTY TYPE Shopping Center
CAP RATE 6.0%
OCCUPANCY 83%
YEAR BUILT n/a
Downloads
OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
(516) 773-0080
DEMOGRAPHICS
Total Population
1 – mi. – 10,255
3 – mi. – 107,222
5 – mi. – 259,858
More info in the flyer

INVESTMENT HIGHLIGHTS

  • 11,000 SF leased to Dollar Tree (Anchor Tenant) for 10 years.
  • Strong National Credit Tenants: Sleepy’s Mattress, OTB, Sherwin Williams, and Starbucks.
  • Recently signed lease with Starbucks for 10 years – 1,800 SF outparcel.  In the process of obtaining their permit.
  • Sleepy’s recently renewed lease for 15 years and Sprint renewed for 10 years.
  • New lease with a Asian Fusion restaurant for 10 years with options.
  • Most tenants have long leases in place with annual increases.  Most reimburse for all their share of CAM and TAX.
  • Recent renovations include new facade and pylon sign.
  • Corner of major intersection: Middle Country Rd and Eastwood Blvd.
  • 210 Parking Spaces
  • Tremendous visibility and access to the shopping center.
  • Adjacent to the Centereach Mall
  • Neighboring Properties include Bank of Smithtown, Mavis Tires, Auto Zone, Modell’s, Mandee, and Gold Gymnastic

City:Centereach
State:NY
Square Feet:47,606 SF
Price:$17,000,000
Cap Rate:6.0%

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