Peppertree Commons - Profitable Center W/ long Term Ground Lease

Located at the northwest signalized intersection of Jericho Turnpike and Commack Road, Peppertree Commons commands exceptional visibility to more than 75,000 combined daily vehicles. The center benefits from a strategic location in Commack, just 2.5 miles north of the Long Island Expressway (LIE) and near the Sunken Meadow State Parkway, which connects the property to Interstate 495 and draws customers from multiple affluent Long Island suburbs.Peppertree Commons at 6401 Jericho Turnpike presents a 35,300-square-foot shopping center on a long-term ground lease with 35 years remaining. At 75% occupancy, this strategic investment opportunity offers built-in net revenue growth potential in Long Island’s strong suburban retail corridor. The 14-unit retail center features a brand-new façade, ample parking with more than 200 spaces, and a complementary mix of food, fitness, service, beauty, and personal care tenants that support repeat customer visits throughout the week. The asset houses established anchors such as Anthony’s Coal Fired Pizza, Cold Stone Creamery, Bocu Salon, and Saf-T-Swim with clear upside through lease-up of vacant units, rent growth, and tenant diversification. Peppertree Commons offers investors and owner/users a well-maintained value-add opportunity to increase occupancy, enhance the tenant mix, and grow net operating income (NOI) within an already active and proven retail environment. Located at the northwest signalized intersection of Jericho Turnpike and Commack Road, Peppertree Commons commands exceptional visibility to more than 75,000 combined daily vehicles. The center benefits from a strategic location in Commack, just 2.5 miles north of the Long Island Expressway (LIE) and near the Sunken Meadow State Parkway, which connects the property to Interstate 495 and draws customers from multiple affluent Long Island suburbs. The center sits in a dense commercial node surrounded by major retailers such as Target, Whole Foods, BJ’s Wholesale Club, Trader Joe’s, and other high-traffic destinations, reinforcing the area as a regional shopping hub. Serving more than 190,000 residents within a 5-mile radius, with average household incomes exceeding $174,000 and annual consumer spending of approximately $2.7 billion, the shopping center captures strong local demand in a high-barrier market with low vacancies and rising rental rates.