58-60 E Merrick Road — Sale in Valley Stream, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Valley Stream, NY 11580

Photos

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Investment Figures

Cap rate
5.52%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present for sale 58-60 E Merrick Road, a three tenant retail strip center located in Valley Stream, NY. Investment Highlights: • Premier Merrick Road frontage — approximately 200 feet of continuous frontage on a corridor carrying 29,750 vehicles per day, delivering the visibility and access national tenants underwrite. • Durable, diversified income mix across convenience retail (7-Eleven), home-improvement retail (Aboff's Paints) and fitness (Stay Fit Culture) — sectors insulated from e-commerce displacement. • Net-lease style expense recovery — leases carry tax, CAM and insurance reimbursements, insulating ownership from rising Nassau County operating costs with minimal landlord responsibility. • Dense, affluent trade area — 689,875 residents within five miles with a 2025 average household income of $146,327, rising to$155,868 within one mile of the property. • Irreplaceable infill real estate — 0.61 acres with 25 surface spaces and 3 storefronts on a corridor where new retail development is effectively precluded by zoning and land scarcity. • 7-Eleven exercised its first renewal option ahead of schedule and secured an additional extension period, reinforcing the tenant's long-term commitment to the site.

Market Context

This retail in Valley Stream, NY is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Valley Stream, NY — view the full market.

Contact

  • Mike Tuccillo

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