JENNIFER CONVERTIBLES

Jennifer Convertibles with Additional Land

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JENNIFER CONVERTIBLES
2257 NY-112, Coram, NY 11727

PRICE $5,100,000
GLA 28,000 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 7.5%
LEASE TYPE Gross 
LEASE EXPIRATION Aug. 2023
YEAR BUILT 1979
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OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
(516) 773-0080
DEMOGRAPHICS
Total Population
1 – mi. – 12,012
3 – mi. – 87,503
5 – mi. – 196,695
More info in the flyer

INVESTMENT HIGHLIGHTS

  • 28,000 SF (1.94 AC) freestanding building with ample parking leased to Jennifer Convertibles through August 2023 (with additional 2-5 year options)
  • Completely renovated in 2006
  • .5 AC of land available for Development.
  • Located at a extremely busy intersection of Rt. 112 & SR-25 in Coram, NY. Excellent visibility from all corners.
  • Neighboring Tenants include Home Depot, Super Stop & Shop, H&R Block, new AvalonBay multi-family development, Astoria Federal Savings, Burger King, Subway, Dunkin Donuts, Verizon Wireless, and 7-11.
  • Jennifer Convertibles Inc. is an American retail company, based in Woodbury, New York. It is the owner and licensor of sofa bed and leather-furniture specialty-retail stores in the United States, with stores located throughout the Eastern seaboard, in the Midwest, on the West Coast and in the Southwest.
  • As of April 30, 2013, 65 company-owned stores operated under the Jennifer Convertibles and Jennifer Leather names and six stores operated under the Ashley Furniture HomeStores name.

City:CORAM
State:NY
Square Feet:28,000 SF
Price:$5,100,000
Cap Rate:7.5%

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