Available Properties
All American Gymnastics – 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:
- $9,000,000
- 7.51%
- 11.6 Years
- NNN
- Corporate Guarantee
Highlights
- True NNN Leases with zero landlord responsibilities—tenants handle all maintenance, taxes, and insurance
- Strong, experienced operators backed by personal guarantees and proven multi-unit track records
- Significant tenant capital investment (hundreds of thousands each) into custom build-outs, ensuring long-term commitment
- Built-in rental growth: 3% annual bumps for All American Gymnastics through 2032; 2.5% annual bumps for Steps to Success through 2037 plus two 5-year options
- Weighted Average Lease Term (WALT) of ~9 years remaining
- Prime 2-acre corner lot with 69 parking spaces and outstanding visibility: 34,000 VPD on Merrick Rd, 30,000 VPD on Ocean Ave, and 46,000 VPD on Sunrise Highway
- Dense, affluent trade area: Over 2 million residents within 10 miles; average household incomes exceeding $152,000 (3-mile) and $140,000 (5-mile)
- Strategic Nassau County location just 24 miles from Manhattan and minutes from JFK International Airport
Sale Description
AMC Real Estate Investment Services is pleased to offer for sale the 40 Rocklyn Ave NNN Retail Center, a pristine 28,000 SF, two-tenant investment property located in the heart of Lynbrook, NY’s coveted Merrick Road Corridor.
Fully renovated in 2022 and 100% occupied by two powerhouse child-enrichment operators—All American Gymnastics (15,000 SF) and Steps to Success (13,000 SF)—this irreplaceable asset delivers immediate cash flow with a current NOI of $675,542 and a 7.50% cap rate at the $9,000,000 asking price.
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 |
