Best Market

Regional Supermarket with Antenna

Photoshop - Ahmed Sayed
BEST MARKET
3350 Hillside Ave., New Hyde Park, NY

PRICE $9,595,000
GLA 18,800 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 4.75%
LEASE TYPE NNN
LEASE EXPIRATION May 2031
YEAR BUILT 1985/2011
Downloads
OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
(516) 773-0080
DEMOGRAPHICS
Total Population
1 – mi. – 25,753
3 – mi. – 160,867
5 – mi. – 503,292
More info in the flyer

INVESTMENT HIGHLIGHTS

  • High-End Regional Supermarket and AT&T (antenna)
  • No Landlord Responsibilities – NNN
  • Long Term Lease in place with 10% rent increases every 5 years – ideal for a 1031 exchange
  • Established (Private) Company with 32 stores throughout Long Island, NY (also in Harlem and NJ). It offers fresh fruits, vegetables, meat products, baked breads, boar’s head cold cuts, and groceries.
  • Full remodel of store in 2011
  • Corporate Guaranteed Lease
  • Excellent demographics/located on a heavy trafficked road with great visibility
  • Excellent sales
  • Beginning in 2015, Best Yet began purchasing former A&P locations in New York and Connecticut, including multiple Waldbaum’s and Pathmark stores, as well as one former Food Emporium in Tribeca.  These locations were opened under its Best Market banner, increasing the total number of the company’s stores from 15 to 27. The company has indicated it will open at least four additional stores before the end of 2016.

City:NEW HYDE PARK
State:NY
Square Feet:18,800 SF
Price:$9,595,000
Cap Rate:4.75%

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