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INVESTMENT HIGHLIGHTS
Multi-Generational New York MSA Acquisition Opportunity | Net leased asset in dense portion of Nassau County, which has been fueled by recent re-development.
Investment Grade Tenancy | Citibank N.A., holds an S&P credit rating of A/Positive.
Below Market Rent with Renewal Upside | Citibank negotiated its most recent lease renewal during COVID, current FMV assessment puts their rent substantially higher.
Strong Consumer Deposit Growth | Consumer Deposits have increased by 18% since 2020, reaching $313 million as of June 30, 2023.
Highly Trafficked Location with Excellent Visibility | The Property is strategically positioned on N. Broadway that sees over 53,000+ VPD.
Excellent Local and Regional Access | Less than one mile south from the on/off ramps for Northern State Parkway (95,800+ VPD) and Long Island Expressway/I-495 (187,800+ VPD).
Affluent Long Island Location with Strong Demographics | Strategically located in the heart of Nassau County with densely populated affluent neighborhoods.
Packed Retail Trade Area Near IKEA-Target-Chick Fil A-Starbucks | The Property is next to a super-regional shopping mall and entertainment destination with 100+ stores and restaurants.
