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Peppertree Commons Retail Shops
Listing was updated at: 08/23/2018
Property Overview
Price/Rent PSF $ 7,000,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available INQUIRE
Date Available 08/14/2018
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Description

Hakimi Capital as an exclusive advisor to the owner, is pleased to present the opportunity to acquire a leasehold interest for the shopping center (Peppertree Commons) at 6401 Jericho Turnpike, Commack, New York. Investors will have the opportunity to purchase the ground lease of the well-located ±35,787 rentable square foot retail center. The subject property is a 3.67± acre (159,865± square foot) site located at the northwest corner of Jericho Turnpike and Town Line Road in Commack, Town of Huntington, Suffolk County, New York. The site has 422± feet of frontage along Jericho Turnpike and 351± feet of frontage along Town Line Road. These dimensions are sourced from the Suffolk County tax map. There is on-site parking for 215 cars or 1 space per 167± square feet of gross building area. Site improvements include lighting and landscaping. The improvements appear to be well maintained and are in good overall condition. All municipal services, including water, electric, gas and telephone service, are available and connected to the existing improvements with service provided by the local sources; sanitary needs are met by septic tanks. Ingress and egress to this site is good. The entrance along Town Line Road is signaled accessible to both north and southbound traffic. There are two non-signaled entrances along Jericho Turnpike accessible to both east and westbound traffic.

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