HSBC Bank

HFF_HSBC_Mastic
HFF_HSBC_Mastic3
Ariel View 3
map local
map
Site Plan2
HSBC BANK
1718 Montauk Highway, Mastic, NY 11950

PRICE $2,400,000
GLA 3,000 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 5.0%
LEASE TYPE NNN
LEASE EXPIRATION Aug. 2020
YEAR BUILT N/A
DEMOGRAPHICS
Total Population
1 – mi. – 14,790
3 – mi. – 55,487
5 – mi. – 89,159
More info in the flyer

INVESTMENT HIGHLIGHTS

  • The Property is positioned on a hard corner along Montauk Highway, a major east-west arterial in Suffolk County, the 5th wealthiest county in the State.
  • Irreplaceable real estate that will have long term value accretion.
  • HSBC Bank USA is the 13th largest US bank by deposits with an S&P Credit Rating of ‘AA-’ and a stable outlook. They serve over 2 million customers through their 232 location spanning coast-to-coast with a heavy concentration in New York.
  • HSBC just executed a 5-year extension in 2015 at a rent of $120,000 year. Additionally, there has been a bank operating at this location since 1971, originally a Midland Bank, which HSBC acquired in 1992.
  • HSBC is located on a hard corner on Montauk Highway which generates over 25,000 vehicles per day. The Property has direct frontage on Montauk with ample parking, two drive-thru lanes, and left-in and right-in access points which direct traffic to the Property.
  • The Property is an outparcel of a larger Shopping Center currently anchored by an Island Cinemas.

City:Mastic
State:NY
Square Feet:3,000 SF
Price:$2,400,000
Cap Rate:5.0%

Listing Inquiry