Peppertree Commons (Leasehold Interest)

Peppertree Commons

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PEPPERTREE COMMONS
6401 Jericho Tpke., Commack, NY 11725

PRICE $8,090,000
GLA 36,235 SF
PROPERTY TYPE Retail
CAP RATE 7.5%
OCCUPANCY 92%
YEAR BUILT 1985
Downloads
OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
DIRECT: 516.773.0080
OFFICE: 516.773.0010
DEMOGRAPHICS
Total Population
1 – mi. – 11,934
3 – mi. – 75,574
5 – mi. – 204,123
More info in the flyer

INVESTMENT HIGHLIGHTS

  • Ground Lease – expires Dec 2062.
  • ±422 Feet of Frontage Along Jericho Turnpike and ±351 Feet of Frontage Along Town Line Road.
  • 13 Retail Spaces and on-site Parking For 215 Cars.
  • The corner unit is the largest with 9,582± square feet and with potential for outparcel development.
  • Site improvements include façade, repaved parking lot, signage lighting and landscaping.
  • Tenant Roster includes national and regional tenants such as Anthony Coals Pizza, Chocolate Works, and Pearl Vision.
  • 2 LOI’s in place from National Tenants interested in a pad development.
  • New lease for anchor space – Swim School with party room for children. Tenant has 25 locations throughout the states of Maryland, Virgina, South Carolina, Pennsylvania, and Delaware.

City:Commack
State:NY
Square Feet:36,235 SF
Price:$8,090,000
Cap Rate:7.5%

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