Prime Retail Space for Rent--Glen Cove, LI | Office Space in Glen Cove

Glen Cove Landlord

Prime Retail Space for Rent--Glen Cove, LI

Posted on New York Post Classifieds -

Price:: $9,300

Property Type:: Commercial & Office Space for Rent

Sq feet:: 2,400 Sq. Feet

Location:: Glen Cove, NY

Features & Description

87 Forest Ave. is located in the inline portion of the Glen Cove King Kullen / Walgreens shopping center, and has neighbors such as Wachovia Bank, a nail salon, a bagel deli, and Pollo Campero (latin-american chicken). It’s a great place to do business, all of the other tenants are doing very well. The current occupant in the space, a dry cleaners, is on its way out, and we’re ready to do a deal with a great retailer. The restaurant tenants seem to be thriving, maybe pizza would be interested…

Here are our asking terms:

Location: 87 Forest Ave., Glen Cove, NY 11542

Lease Term: 10 years

Area: 2,400 sf

Rent: $9,334 / month, which breaks down to $36 / sf base rent + $10.67 / sf CAM/Ins/Taxes pass-through.

Security: if credit tenant, none required. Otherwise, 6 months rent burned down to 3 months upon receipt of tenant’s 2nd month’s rent after opening for business.

HVAC: relatively new (Dec. ‘05), 1x 10 ton + 1x 5 ton unit in place, maintenance tenant responsibility.

Free Rent: TBD—if it’s a cleaners and no build-out is required, then no free rent. If it’s another type of tenant, 2 months.

The shopping center is very visible from the road, and is packed with customers.

Please let me know if you need any other information. I’ll look forward to hearing from you.

Michael Jacobsen

Special Projects

Norman Bobrow & Co., Inc.

331 Madison Ave., 7th Floor

New York, NY 10017

phone: (212) 682-4211

fax: (212) 682-0151

email: mjacobsen@normanbobrow.com

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