Shop Rite - Wolfe Retail Group

Marcus & Millichap is pleased to present the exclusive listing for a ShopRite located at 1121 Jerusalem Ave in Uniondale (NYC MSA), NY. The site consists of roughly 60,896 rentable square feet of building space on approximately 4.49-acre parcel of land. The investment opportunity is subject to a double-net (NN) lease with minimal landlord responsibilities. The landlord is responsible for any repairs and/or replacements to the roof and structure of the building; there is approximately 10 years remaining on an original 20-year roof warranty that went into effect in 2010. The annual rent is scheduled to increase to $1,252,630 in May of 2021. The rent will then increase by 10% every five years, continuing throughout the first two option periods. Starting in the third option period, the rent will increase 8% in each remaining option period.

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Wolfe Retail Group (@wolferetailcre) / X

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