2930 route 112| medford, ny 11763 · medford, ny 11763 presented by asset commercial realty group,...

2930 ROUTE 112| MEDFORD, NY 11763

FOR SALE | THE MEDFORD PLAZA

1 6 , 4 5 6 S F OF R E T A I L | N E WLY D E V ELOP ED

https://youtu.be/vm5Q6gyNl-0

2930 Route 112Medford, NY 11763

Presented by Asset Commercial Realty Group, LLCA Full Service Commercial Real Estate Company

Opportunity Review

Details

Asking Price $7,236,000

NOI $434,180

CAP Rate 6%

Tenancy Mix/SF

The Learning Experience~10,000 SF

Beauty Systems Group~2,099 SF

Subway~1,089 SF

Health Plus Management~3,268 SF

Total~16,456 SF

Lot Size 1.97 Acres

Taxes $79,645

Block & Lot Block 01.00 Lot Number 015.000 & 014.000

Neighborhood Medford

Cross Streets Horseblock Road & Granny Road

Asset Type Retail

Nearby Retailers ❑ 16,456 SF Retail Property Available for Sale❑ Center developed in 2010 and built to suit for The Learning Experience ❑ Anchored by The Learning Experience and Health Plus ❑ There are roughly 67+/- deeded parking spots❑ Property is situated in the heart of Medford, surrounded by many different retailers such as Walgreens, Family Dollar,

Bank of America, 7-Eleven, T.J. Maxx and more❑ The Medford Plaza is well-positioned at the very busy and heavily traveled throughway, Route 112, a primary highway

providing access to the area' s major roadways with over 32,000 vehicles per day passing the center❑ Medford is in Suffolk County and is an established upper middle-income area; with a five-mile radius population of over

220,000 people with a median family income of over $100,000❑ Over 80% of the center is leased to service-based tenants that are “Amazon Proof” ❑ For more information on the sale of The Medford Plaza, please reach out to the exclusive advisors to discuss

http://www.assetcrg.com/




Birds Eye View





Rent Roll

Unit Tenant Size Share Lease End Annual Rent Taxes CAM InsuranceIncreases /

Options

1The Learning

Experience10,000 SF 60.77% July 2025 $278,300.04 $51,486.48 $23,704.80 $5,342.28

10% Every 5 Years2/5 Year Options

2 Sally Beauty 2,099 SF 12.76% October 2020 $44,922.72 $9,961.92 $6,465.24 $1,162.56Increases to $44,922

on 11/20202/5 Year Options

3 Subway 1,089 SF 6.62% September 2025 $26,400.00 $5,094.24 $2,705.76 $576.003% Annual Increases

after 10/20223/5 Year Options

4Health Plus

Management3,268 SF 19.86% July 2021 $86,319.12 $15,438.96 $8,201.64 $1,745.88

3% Annual Increases2/5 Year Options

Total - 16,456 SF 100.00% - $435,941.88 $81,981.60 $41,077.44 $8,826.72 -

❑ All Lease are NNN. ❑ Tenant’s reimburse for CAM, Taxes, Insurance and Management❑ All Leases have built in increases❑ All Tenants are established and have been in occupancy for 5+ years





Expenses & Income

Income

Base Rent $ 435,941.88

Tax Reimbursement $ 81,981.60

CAM Reimbursement $ 41,077.44

Insurance Reimbursement $ 8,826.72

Total Gross Income $ 567,827.64

Annualized Expenses

Taxes (Base Year 2018/2019) $ 79,645.00

Electric $ 7,645.00

Water $ 1,567.00

Insurance $ 18,731.00

Repairs $ 4,976.00

Sweeping $ 2,130.00

Management Fees $ 6,000.00

Landscaping $ 12,953.00

Total Expenses $ 133,647.00

Annualized Operating Data

Gross Operating Income $ 567,827.64

Less Expenses $ 133,647.00

Net Operating Income $ 434,180.64





Tenant Overview





Tenant Overview

The Learning Experience began itsoperations in 1980 in Boca Raton,Florida operating under threefundamental principles; learn, play,and grow. In July 2018, TLE wasacquired by Golden Gate Capital.Today, there are over 300 TLElocations operating or underdevelopment across 22 states. TLE’sproven record of success, more than95% of their pre-school graduatescan read before kindergarten, hasbeen a key driver for strongenrollments.

www.thelearningexperience.com

Health Plus Management Health PlusManagement, LLC provides healthcaremanagement services. The Companyoffers clinical practice management,marketing, technology, insurance, andback office services for hospitals.Health Plus Management servescustomers in the State of New York.They currently have over 60 locationsthroughout the New York boroughs.

https://www.healthplusmgmt.com

Cosmo Prof, a Sally Beauty Holdingscompany began as a one-store operationin New Orleans, Louisiana in 1964. TheCompany expanded slowly until the1980s, when it began to grow rapidlythrough acquisition and new storeopenings. In 1982, Sally moved itscorporate headquarters to Denton, Texasfollowing the acquisition of a Denton-based chain. New store openings andacquisitions continue to guide Sally’sexpansion.

Today, Sally and its affiliates operate over4500 stores throughout the United Statesand the world.

www.cosmoprofbeauty.com

Subway, restaurant chain specializing insubmarine sandwiches. In 2002 it became thelargest fast-food chain in the United States,measured by number of outlets. The companyoperates in more than 100 countries.Headquarters are in Milford, Connecticut.

www.subway.com



http://www.thelearningexperience.com/

https://www.healthplusmgmt.com/

http://www.cosmoprofbeauty.com/

http://www.subway.com/



Property Photos





Retail Map





Property Photos





Survey





Contact Advisors

Broker Cooperation is Welcome!

Click Here to Email the Advisors

Asset Commercial Realty Group (AssetCRG) is a full-service brokerage and consulting firm in New York. Our business is structured through our tri-pillar system which offers our clients investment sales, leasing and asset management services. Our firm collectively has transacted on over $1 Billion worth of real estate deals through investment sales, leasing, financing, and asset management. At any given time we know we can service our clients needs through our three core competencies- investment sales, leasing and property management.

Looking for Space? Click here to discuss your site & acquisition criteria with Michelle & Joseph

Click here for our current available retail & office spaces for lease

Click here for our tenant requirements

Click here for our current investment sales

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Asset Commercial Realty Group, LLC (“AssetCRG”) and should not be made available to any other person or entity without the written consent of AssetCRG. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. AssetCRG has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, AssetCRG has not verified, and will not verify, any of the information contained herein, nor has AssetCRG conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers/tenants must take appropriate measures to verify all of the information set forth herein.

Exclusively listed by

Michelle Abramov

Managing PrincipalDirect: 646.767.6975Mobile: [email protected]

Albert AranbaevManaging PrincipalDirect: 212.918.9037Mobile: [email protected]



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2930 route 112| medford, ny 11763 · medford, ny 11763 presented by asset commercial realty group,...

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