NNN Corporate Office in Syosset

160 Oak Dr Syosset, NY 11791

160 Oak Dr , Syosset, NY, 11791
160 Oak Dr , Syosset, NY, 11791 160 Oak Dr , Syosset, NY, 11791 160 Oak Dr , Syosset, NY, 11791 160 Oak Dr , Syosset, NY, 11791
FOR SALE
Property Type:
Industrial
Amount:
$3,900,000
Cap Rate:
8.08%
Last Verified:
Sep 20, 2022

• NNN Pay-O-Matic Corporate Headquarters • Tenant Has Been There for Over 15 Years • Lease Ends in 2024 - Potential for a Longer Term • On-Site Parking • Property Has 1 Drive-In Door • Close Proximity to Jericho Tpke • Two 5-Year Options • 3% Annual Rent Escalations • Tenant is Responsible for Property Taxes, Insurance, Common Area, Roof & Structure, HVAC, and Utilities

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Map of 160 Oak Dr , Syosset, NY, 11791

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.