Subject Property

Phone: 212.972.3947 Fax: 212.686.0078dan@exp1031.comwww.exp1031.com

Park Plaza5050 Sunrise Hwy (RT. 27) | Massapequa Park, NY 11762

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

• Prime South Shore of Long Island Location

• 64,420 cars per day pass by on Sunrise Highway

• High visibility with easy access & ample onsite parking

•Main retail thoroughfare

• Near Sunrise Mall (1.2 million sf)

• Average household income: $140,000+ within 1-mile

• Over 150,000 people within 3-miles

Exclusively listed

Park Plaza – Massapequa Park, NYInvestment Overview

INVESTMENT OVERVIEWThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Year Built: 2006

Bld. Sq Ft: 9,750 sf

Land: .75 acres

Parking: 44 spaces

*Park Plaza is being offered for sale with no formal asking price

Investment Overview:EXP Realty Advisors exclusively presents for sale Park Plaza, a 9,750 sf, multi-tenant retail property in Massapequa Park (Long Island), NY. This .75 acre parcel is located on the heavily traveled Sunrise Highway which has over 64,420 cars per day pass in front of the property. The property benefits from high visibility on Sunrise highway and has ample, on-site parking with over 44 spaces. Sunrise Highway or NYS Route 27, is a 120 mile state highway which acts as the primary east-west highway on southern Long Island. It runs from Brooklyn to Montauk and provides access to every town on the south shore of Long Island. The property is also conveniently located near the heavily traveled Massapequa Park LIRR train station.

Park Plaza features an ideal mix of retailers to service the area. Tenants in the property include PM Pediatrics, Liberty Travel, Jersey Mike’s and Busy Bee Jewelers. In addition, Park Plaza features high quality, double block construction. The property has two entrance/exit’s (curb cut’s) off Sunrise Highway making access to the property very convenient.Park Plaza is very close to Sunrise Mall (1.2m sf), a major shopping destination. Other retailers in the immediate area include T.J. Maxx, Michaels, Burlington, Kohl’s, Petco and Party City among others.

Park Plaza – Massapequa Park, NYInvestment Overview

INVESTMENT OVERVIEWThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

PROPERTY HIGHLIGHTS

• 260 linear feet of frontage on Sunrise

Highway

• Easy customer parking for 44 cars

• 20 ft Ceilings

• 2 Pylons for signage

• Oversized Windows

• Nicolock Pavers

• Separately Metered Utilities

(Water, Gas & Electric)

• HVACs, Fire Sprinklers Installed

• Easy access off Sunrise Highway with double

ingress and egress

• Delivery Gate on Side

• Across from the LIRR

• High household income

• Minimal vacancies in the area

• Most modern center in the area

• Swift permit process from the Village of

Massapequa Park

• Grease Trap

Park Plaza – Massapequa Park, NYInvestment Overview

INVESTMENT OVERVIEWThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Park Plaza – Massapequa Park, NYInvestment Overview

INVESTMENT OVERVIEWThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Park Plaza – Massapequa Park, NYRent Roll

RENT ROLLThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Tenant SF Lease Signed

Base Rent PSF

Gross Rent (Base + CAM &

INS)

CAM + Insurance

Taxes Rent Increase Date

Rent Increase

Rent After Increase

CAM Increase

CAM After Increase

Lease Term Guaranty

Busy Bee Jewelry (22.6%) 2,350 1/1/16 $ 66.96 $157,352.64 included in

rent NA 1/1/193% annually

on Gross Rent

$162,073.20 NA 15 years Good Guy

Liberty Travel (13%) 1,200 5/1/16 $ 47.50 $57,000 + $4,320 = $61,320

$4,320.00

to be paid as billed 13%

prorata share

9/14/19 10% every 3 years $62,700.00 3% every

year $4,449.60 7 years +

One 5-year option

Corp Guaranty for first 7.5 years

PM Pediatrics (50%) 4,807 1/26/17 $ 37.50 $180,263 + $17,304 = $197,567

$17,304.00

to be paid as billed 50%

proratashare

2/27/22 10% every 5 years

$198,288.00 10% every 5 years

$19,034.40 10 years +

Three 5-year options

Corp Guaranty for first 5 years

Jersey Mikes (14.4%) The Massapequa Park

Sub Shop LLC1,400 7/28/17 $ 40.0

$56,000 + $5,040 = $61,040

$5,040.00

to be paid as billed 14.4%

prorata share

12/28/22 10% every 5 years

$61,599.96 12% every 5 years

$5,644.80 10 years +

Three 5-year options

Limited Personal Guaranty

Park Plaza – Massapequa Park, NYIncome & Expenses

INVESTMENT OVERVIEWThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

PRO FORMA 2019

Busy Bee Jewelry $ 157,344.00

Liberty Travel $ 61,583.04

PMPediatrics $ 197,568.00

Jersey Mikes $ 61,040.04

Annual Gross Income $ 477,535.08

Real Estate Taxes $ 85,568.45

Taxes Paid by Tenants $ 66,229.98

Real Estate Taxes Payable by Park Plaza $ 19,338.47

Insurance $ 5,088.00

Sentry $ 434.50

United $ 1,223.00

Irrigation Services $ 347.60

PSEGLI $ 1,577.00

Landscaping $ 1,781.40

Snow $ 130.00

Mass Water $ 131.20

Maintenance $ 650.00

Management Fee (1.5%) $ 7,163.02

Total Operating Expenses $ 18,525.72

NOI $ 439,670.89

Park Plaza – Massapequa Park, NYInvestment Overview

INVESTMENT OVERVIEWThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Liberty Travel is a retail travel and cruise company headquartered at 5 Paragon Drive in Montvale, New Jersey. In 2016, Liberty Travel had over 125 stores in 14 states, and a total of 2,200 employees. Liberty Travel is a sister company of GOGO Worldwide Vacations, which markets vacation packages wholesale to independent retail travel agencies. In 2008, Flight Centre Ltd., the largest travel company in Australia, acquired Liberty Travel and GOGO for $135 million. Liberty Travel was founded in 1951 and currently has 2,200 employees.

“PM Pediatrics was founded on the belief that there is a better way to deliver urgent care to kids and young adults. Our mission is to ensure our patients receive superior quality after-hours care when they need it, without having to wait long for it. PM Pediatrics has had 2 million visits by patients hailing from over 2,000 towns and cities in all 50 states and the District of Columbia, and more than a dozen countries worldwide.”

Jersey Mike's Subs is an American submarine sandwich chain headquartered in Manasquan, New Jersey. The Jersey Mike's franchise has almost 1,504 locations open and about 124 more in development across the United States, in addition to three locations in Queensland, Australia and two in Ontario, Canada. Jersey Mike’s was founded in 1956

“Busy Bee Jewelry has been in business since 1994 and is a family-owned boutique jewelry store. We pride ourselves on providing superior quality and customer service to our clientele in the Tri-State area. We are extremely experienced in the diamond business and our relationship with our jewelry designers is unparalleled. We work with the largest diamond suppliers in the world which are De Beers Sightholders and we purchase our diamonds directly from the source which is why we are able to offer wholesale prices to the public for the best diamonds cut for light performance.”

Park Plaza – Massapequa Park, NYMarket Overview

MARKET OVERVIEWThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Massapequa Park is a village and hamlet located within the town of Oyster Bay in Nassau County, New York. Areas south and east of the village borders are considered the hamlet of Massapequa Park because they are under the jurisdiction of the Town of Oyster Bay rather than the village. The hamlet shares the same zip code, fire department and school district as the village. The village located on the South Shore of Long Island shares the early Native American history of Massapequa. Then, in the 19th century, families of German descent relocated from Brooklyn to what is now Massapequa Park, and the resulting community was known as Wurtenberg or Stadtwurtemburg. The main attraction and center of activity was the Woodcastle Hotel, a rooming house built in 1868 on Front Street next to the fire department as a summer resort. It was destroyed by fire in 1952 and replaced by houses. The village is in the southern part of the town of Oyster Bay on Long Island in the state of New York. Massapequa Park is bordered by Massapequa to the west and east, North Massapequa to the northwest, and South Farmingdale to the north. South Oyster Bay is the water body to the south. It is also located close to attractions such as New York City (40 Miles), New Haven (97 Miles), and Philadelphia (128 Miles). *wikipedia

Park Plaza – Massapequa Park, NYRetail Map

RETAIL MAPThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Park Plaza – Massapequa Park, NYRetail Map

RETAIL MAPThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Park Plaza – Massapequa Park, NYRetail Map

RETAIL MAPThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Park Plaza – Massapequa Park, NYDemographic Data

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. DEMOGRAPHIC DATA

Contact UsEXP Realty Advisors

52 Vanderbilt AveSuite #2014

New York, NY 10017www.exp1031.com

Our Team

Robert P. JamesPresident

Phone: 212-686-0072 Email: rob@exp1031.com

Daniel de Sa‘Director of Sales

Phone: (212) 972-3947E-mail: dan@exp1031.com

2018 Summary 1 Mile 3 Miles 5 MilesPopulation 17,596 150,596 329,506

Households 5,781 49,718 109,893

Families 4,743 38,195 83,784

Average Household Size 3.02 3.01 2.98

Owner Occupied Housing Units 5,454 42,191 92,179

Renter Occupied Housing Units 327 7,527 17,714

Median Age 44.3 42.6 42.5

Median Household Income $116,696 $105,084 $104,259

Average Household Income $142,560 $132,019 $128,504

2023 Summary 1 Mile 3 Miles 5 MilesPopulation 17,745 152,137 332,558

Households 5,808 50,075 110,526

Families 4,753 38,310 83,965

Average Household Size 3.03 3.02 2.99

Owner Occupied Housing Units 5,511 42,829 93,825

Renter Occupied Housing Units 297 7,246 16,701

Median Age 44.5 42.9 42.9

Median Household Income $127,591 $114,491 $112,987

Average Household Income $162,715 $151,607 $147,648