Apple Bank

Highlights

• Affluent 5-Mile Community Surrounding Subject Property With $152K+ Average Household Income
• Apple Bank in the Heart of Babylon's Commercial District
• Built-In 10% Rent Increases Every 4 Years Through the Remaining Primary Term, Plus Two 5-Year Renewal Options at 95% of Fair Market Value
• Corner Location at a Signalized Intersection of Montauk Hwy and Little East Neck Rd With Combined Traffic Counts of Nearly 38,000 VPD
• Dense 5-Mile Trade Area With 255,000+ Residents, Surrounded by Numerous High-Density Apartment Complexes and Single-Family Neighborhoods in the Immediate Area
• High-Barrier-to-Entry Long Island Market With Limited Supply of Quality Retail Assets
• Proximity to Major Retail, Services, and Transit Routes Enhancing Long-Term Property Value
• With 10+ Years Remaining on Current Term

Location