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Long Island Development Opportunity EXCLUSIVE OFFERING OFFERING Representative Photo MEMORANDUM 370 Atlantic Avenue, Freeport, NY 11520 Confidentiality and Disclaimer Marcus & Millichap hereby advises all prospective purchasers of properties, including newly-constructed facilities or newly- income or expenses for the subject property, the future projected Net Leased property as follows: acquired locations, may be set based on a tenant’s projected financial performance of the property, the size and square sales with little or no record of actual performance, or footage of the property and improvements, the presence or The information contained in this Marketing Brochure has been comparable rents for the area. Returns are not guaranteed; the absence of contaminating substances, PCB’s or asbestos, the obtained from sources we believe to be reliable. However, tenant and any guarantors may fail to pay the lease rent or compliance with State and Federal regulations, the physical Marcus & Millichap has not and will not verify any of this property taxes, or may fail to comply with other material terms of condition of the improvements thereon, or the financial information, nor has Marcus & Millichap conducted any the lease; cash flow may be interrupted in part or in whole due to condition or business prospects of any tenant, or any tenant’s investigation regarding these matters. Marcus & Millichap makes market, economic, environmental or other conditions. Regardless plans or intentions to continue its occupancy of the subject no guarantee, warranty or representation whatsoever about the of tenant history and lease guarantees, Buyer is responsible for property. The information contained in this Marketing Brochure accuracy or completeness of any information provided. conducting his/her own investigation of all matters affecting the has been obtained from sources we believe to be reliable; intrinsic value of the property and the value of any long-term however, Marcus & Millichap has not verified, and will not verify, As the Buyer of a net leased property, it is the Buyer’s lease, including the likelihood of locating a replacement tenant if any of the information contained herein, nor has Marcus & responsibility to independently confirm the accuracy and the current tenant should default or abandon the property, and Millichap conducted any investigation regarding these matters completeness of all material information before completing any the lease terms that Buyer may be able to negotiate with a and makes no warranty or representation whatsoever regarding purchase. This Marketing Brochure is not a substitute for your potential replacement tenant considering the location of the the accuracy or completeness of the information provided. All thorough due diligence investigation of this investment property, and Buyer’s legal ability to make alternate use of the potential buyers must take appropriate measures to verify all of opportunity. Marcus & Millichap expressly denies any obligation property. the information set forth herein. to conduct a due diligence examination of this Property for Buyer. By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it NON-ENDORSEMENT NOTICE Any projections, opinions, assumptions or estimates used in this harmless from any kind of claim, cost, expense, or liability arising Marketing Brochure are for example only and do not represent out of your investigation and/or purchase of this net leased Marcus & Millichap Real Estate Investment Services, Inc. the current or future performance of this property. The value of a property. (“M&M”) is not affiliated with, sponsored by, or endorsed by any net leased property to you depends on factors that should be commercial tenant or lessee identified in this marketing package. evaluated by you and your tax, financial and legal advisors. CONFIDENTIALITY AND DISCLAIMER The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or Buyer and Buyer’s tax, financial, legal, and construction advisors The information contained in the following Marketing Brochure is endorsement by, said corporation of M&M, its affiliates or should conduct a careful, independent investigation of any net proprietary and strictly confidential. It is intended to be reviewed subsidiaries, or any agent, product, service, or commercial listing leased property to determine to your satisfaction with the only by the party receiving it from Marcus & Millichap and should of M&M, and is solely included for the purpose of providing suitability of the property for your needs. not be made available to any other person or entity without the tenant lessee information about this listing to prospective written consent of Marcus & Millichap. This Marketing Brochure customers. Like all real estate investments, this investment carries significant has been prepared to provide summary, unverified information risks. Buyer and Buyer’s legal and financial advisors must request to prospective purchasers, and to establish only a preliminary ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE and carefully review all legal and financial documents related to level of interest in the subject property. The information CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE the property and tenant. While the tenant’s past performance at contained herein is not a substitute for a thorough due diligence DETAILS. this or other locations is an important consideration, it is not a investigation. Marcus & Millichap has not made any investigation, guarantee of future success. Similarly, the lease rate for some and makes no warranty or representation, with respect to the About the Offering Property Address: 370 Atlantic Avenue, Freeport, NY 11520 About the Property PROPERTY DESCRIPTION ✓ Letter of Intent from Children of America Already in Place List Price $1,850,000 ✓ 0.66 Acres Located Directly At Four Way Signalized Intersection of Property Address 370 Atlantic Avenue, Freeport, NY Atlantic Avenue & S Bayview Avenue Section 62, Block 36, Lot ✓ Brand New Arby’s Under Construction Located Directly Adjacent Parcel Numbers to this property at 360 Atlantic Avenue | Tenant Signed Net Lease 1,2,29,150,151,152 at approximately $64 per square foot Lot Size 0.66 Acres ✓ Nineteen Existing Parking Spots Property Taxes- 2019 $79,498 ✓ Existing Building in Place ✓ Ground Floor Space- 7,739 SF Total Building Square Footage 17,553 SF ✓ Second Floor Space- 2,075 SF Zoning Business A District ✓ Lower Level Space- 7,739 SF About the Location ✓ Located Less than 25 Miles from Manhattan ✓ Over 30,000 Traffic Counts Directly On Atlantic Avenue ✓ Over 159,000 Residents Within a 3-Mile Radius of the Property and Almost 400,000 Residents Within a Five-Mile Radius of the Property Representative Photo ✓ Average Household Income of Over $135,000 Within a Three-Mile Radius of the Property ✓ Less than Three Miles from South Nassau Communities Hospital | One of the Region’s Largest Hospitals with 455 Beds, More than 900 Physicians and 3,000 Employees ✓ Approximately 12 Miles from John F. Kennedy International Airport | Served over 59 Million Passengers in 2016 Representative Photo 370 Atlantic Avenue- Freeport, NY 3 Subject Property Property Address: 370 Atlantic Avenue, Freeport, NY 11520 370 Atlantic Avenue- Freeport, NY 4 Current Floorplan Property Address: 370 Atlantic Avenue, Freeport, NY 11520 370 Atlantic Avenue- Freeport, NY 5 Business A Districts Property Address: 370 Atlantic Avenue, Freeport, NY 11520 370 Atlantic Avenue- Freeport, NY 6 Business A Districts Property Address: 370 Atlantic Avenue, Freeport, NY 11520 370 Atlantic Avenue- Freeport, NY 7 Business A Districts Continued Property Address: 370 Atlantic Avenue, Freeport, NY 11520 370 Atlantic Avenue- Freeport, NY 8 Surrounding Area Leo F. Giblyn Elementary Steele Elementary 370 Atlantic Avenue- Freeport, NY 9 Surrounding Area Photos Property Address: 370 Atlantic Avenue, Freeport, NY 11520 370 Atlantic Avenue- Freeport, NY 10 Location Overview Property Address: 370 Atlantic Avenue, Freeport, NY 11520 This property is situated on Atlantic Avenue in Freeport, New York, which experiences an average daily traffic count of approximately 30,500 vehicles. The subject property sits at the hard corner of a signalized intersection and is less than 25 miles outside Manhattan. Within and immediate three-mile radius is a highly affluent suburban community with average household income exceeding $135,000. There are more than 159,000 individuals residing within a three-mile radius of the subject property and more than 400,000 individuals within a five-mile radius. The subject property benefits from its location just outside of a dense retail corridor and lies within close proximity to several significant traffic drivers, including health facilities, academic institutions, and recreational destinations. Major national tenants in the immediate area include: Stop & Shop, CVS Pharmacy, Dunkin’ Donuts, Starbucks, 7-Eleven, Chase Bank, Boston Market, and more. South Nassau Communities Hospital, one of the region’s largest hospitals with 455 beds, more than 900 physicians and 3,000 employees is less than three miles west of the subject property. Several schools lie within a one-mile radius of this Children of America, including Freeport High School, Leo F. Giblyn Elementary, Steele Elementary, and Bayview Avenue School. Together these academic institutions boast a total combined enrollment of approximately
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