369 Merrick Ave | East Meadow, NY

  • $3,600,000
369 Merrick Ave, East Meadow, NY, USA
For Sale

369 Merrick Ave | East Meadow, NY

369 Merrick Ave, East Meadow, NY, USA
  • $3,600,000

Description

Berkshire Hathaway Commercial Services is excited to bring to the market a freestanding, absolute net-leased Capital One Bank with a drive-thru. Capital One Bank has been doing business from this location on Merrick Avenue in East Meadow, NY since the lease commenced in 2004. They have deposits of well over $160,000,000, and in 2019 exercised both their first and second five-year option simultaneously. The early extension shows their commitment to this location and market. Capital One Bank is a completely passive investment opportunity for a new owner, combined with the security of a corporately backed lease.

Please submit a request to view the full Offering Memorandum.

Details

Updated on November 8, 2023 at 2:16 pm
  • Price: $3,600,000
  • Property Size: 2,264 SF
  • Land Area: 0.36 AC
  • Property Type: NNN
  • Property Status: For Sale

Additional details

  • Cap Rate: 5.27%
  • City East Meadow
  • State/county New York
  • Country United States

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