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Best Market

Property Overview

Price/Rent PSF $ 8,600,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available INQUIRE
Date Available 08/14/2018
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Description

Hakimi Capital 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, there is income provided by AT&T communication cell tower. Priced to sell, this is a great opportunity to own a fee simple, single tenant, freestanding, NNN property with limited landlord responsibility in a New York Market.

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