369 Merrick Ave | East Meadow, NY

  • $3,450,000
369 Merrick Ave, East Meadow, NY, USA
For Sale

369 Merrick Ave | East Meadow, NY

369 Merrick Ave, East Meadow, NY, USA
  • $3,450,000


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 options simultaneously. The early extension, renovations to the lobby, and installation of an additional ATM machine show 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.

Capital One Financial Corporation is an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts. The bank has 755 branches and 2,000 ATMs. In addition, it is ranked 97th on the Fortune 500 and 9th on the Fortune’s 100 Best Companies to Work For list. With a market share of 5%, Capital One is also the second-largest auto finance company in the United States.

This Capital One Bank is located off the intersection of Front Street and Merrick Avenue. It benefits from over 25,000 vehicles passing the bank on Merrick Avenue daily. You can find Capital One next to 7-Eleven, Dunkin, and across the street from NYU Langone Ambulatory Care East Meadow. The entrance to the subject property shares a traffic light with NYU Langone, making access to this site very easy & and accessible. Capital One is surrounded by a densely populated market with over 165,000 households and over 500,000 people within a 5-mile radius.

Please submit a request to view the full Offering Memorandum.


Updated on May 6, 2024 at 3:24 pm
  • Price: $3,450,000
  • Property Size: 2,264 SF
  • Land Area: 0.36 AC
  • Property Type: NNN
  • Property Status: For Sale

Additional details

  • Cap Rate: 6.15%
  • NOI: $286,573
  • City East Meadow
  • State/county New York
  • Country United States

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