607 Northern Blvd | Great Neck, NY

  • $5,830,000
607 Northern Boulevard, Great Neck, NY, USA
For Sale

607 Northern Blvd | Great Neck, NY

607 Northern Boulevard, Great Neck, NY, USA
  • $5,830,000

Description

Presenting an exceptional investment opportunity at 607 Northern Blvd in Great Neck. This property, currently leased by Paros Grille, stands as a testament to quality and commitment with the tenant having invested over $1,500,000 in renovations upon occupancy. Paros Grille operates under a 100% Triple Net Lease, where the tenant assumes responsibility for taxes, insurance, and Common Area Maintenance (CAM). Noteworthy is the inclusive coverage of roof and structure maintenance under the tenant’s purview, ensuring a hassle-free ownership experience. This meticulously maintained property is strategically located on Northern Boulevard in Great Neck. This offering has a compelling blend of a quality tenant, substantial recent improvements, and a favorable lease structure that is all offered at an attractive cap rate.  Seize this opportunity to secure a lucrative and low-maintenance investment in one of Long Island’s premier commercial districts.

Details

Updated on December 19, 2023 at 5:02 pm
  • Price: $5,830,000
  • Property Size: 6,000 SF
  • Land Area: 0.6 AC
  • Property Type: NNN
  • Property Status: For Sale

Additional details

  • Lease Type: Absolute NNN
  • Lease Term Remaining: 11.5 Years
  • Cap Rate: 7.0%
  • City Great Neck
  • State/county New York
  • Country United States

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JERRY MANCINI
  • JERRY MANCINI