3350 Hillside Ave, New Hyde Park, NY 11040
New Hyde Park, NY
Retail for Sale - $8,250,000 - 18,500 Sq. Ft. on 1.23 acres
Property Info
CIMLS# | 1023467 |
Location 3350 Hillside Ave, New Hyde Park, NY 11040 New Hyde Park NY 11040 | |
Updated | October 10th, 2019 |
Type | Retail |
Price | $8,250,000 |
Building | 18,500 Sq. Ft. |
Land | 1.23 acres |
Property Description
Cedar William is proud to present as an exclusive advisor to the owner, Best Market in New Hyde Park, New York. This 18,500 square foot supermarket is 100 percent occupied, with Best Market Grocer leased until May 31st 2031. Best Market rent has 10% increases every 5 years. Renovated in 2011 this is 1 of 30 Best Market locations and one of the better performing in the area. Located on Hillside Avenue, traffic counts are just below 30,000 vehicles per day.
In addition to the Best Market rental income, therevalue add income that will be provided by AT&T communication cell tower. Lease excuted rent pending permitting.
Priced to sell, this is a great opportunity to own a fee simple, single tenant, freestanding, NNN property with limited landlrord responsibility in a New York Market.