Available Properties
2 Unit Children’s Center – Lynbrook, NY
- 40 Rocklyn Ave, Lynbrook, NY 11563
Listing Broker
Angelo Iacobelli
- angelo@amcreis.com
- (586) 200-0044
Request More Information
Property Details
- Sale Price:
- Cap rate:
- Term Remaining:
- Lease Type:
- Lease Guarantee:
- $8,886,580
- 7.75%
- 8.5 Years
- NNN
- Corporate Guarantee
Highlights
- Long Term Leases: Secure, long-term leases with both tenants, providing stable cash flow.
- Annual Rent Increases: Strong annual rental escalations of 2.5% and 3%, ensuring income growth.
- Multi-Unit Operators: Tenants, Steps to Success Day Care and All American Gymnastics, both have multiple locations and strong operational track records.
- Significant Tenant Investment: Both tenants have invested substantial capital into their build-outs, enhancing the property’s value and tenant retention.
- Ample Parking: The property is situated on a spacious 2-acre lot with ample parking.
- Fully Remodeled: The building was fully remodeled in 2020, ensuring modern infrastructure and aesthetics.
Sale Description
AMC Real Estate is pleased to present this fully occupied, 12-unit Children’s Center located at 40 Rocklyn Ave, Lynbrook, NY. The property is anchored by two long-term tenants: Steps to Success Day Care Center and All American Gymnastics, both of which have multiple locations and strong community ties. This center underwent a complete renovation in 2020, with both tenants making significant investments in their build-outs. The leases are secured with long-term commitments and feature strong annual rental increases of 2.5% and 3%, providing reliable cash flow. Situated on a prime 2-acre lot with ample parking, this property offers an irreplaceable location in a thriving market.
Location
Demographics
| Radius from site | population | average income |
|---|---|---|
|
3 Mile |
205,566 |
$152,267 |
|
5 Mile |
579,158 |
$140,759 |
|
10 Mile |
1,937,957 |
$126,776 |
