2 Tenant Retail – Lynbrook, NY — photo 1 of 5 — 2 Tenant Retail – Lynbrook, NY

Retail – Multi-TenantLynbrook, NYCode AMC-5339

2 Tenant Retail – Lynbrook, NY

40 Rocklyn Ave – Lynbrook, NY 11563

Asking priceUnder contract

$8,444,275

Cap rate: 7.51%
NOI: $634,165

Estimate financing

An offer has been accepted on this property. Contact the listing broker about back-up offers or similar opportunities.

Property details

Tenant: 2 Tenant Retail
Property type: Retail – Multi-Tenant
Lease type: NNN
Lease guarantee: Corporate Guarantee
Term remaining: 11.6 yrs
Renewal options: Built-in rental growth: 3% annual bumps for All American Gymnastics through 2032; 2.5% annual bumps for Steps to Success through 2037 plus two 5-year options
Lot size: 2 AC
Listing code: AMC-5339

Investment highlights

True NNN Leases with zero landlord responsibilities—tenants handle all maintenance, taxes, and insurance
Strong, experienced operators backed by personal guarantees and proven multi-unit track records
Significant tenant capital investment (hundreds of thousands each) into custom build-outs, ensuring long-term commitment
Built-in rental growth: 3% annual bumps for All American Gymnastics through 2032; 2.5% annual bumps for Steps to Success through 2037 plus two 5-year options
Weighted Average Lease Term (WALT) of ~9 years remaining
Prime 2-acre corner lot with 69 parking spaces and outstanding visibility: 34,000 VPD on Merrick Rd, 30,000 VPD on Ocean Ave, and 46,000 VPD on Sunrise Highway
Dense, affluent trade area: Over 2 million residents within 10 miles; average household incomes exceeding $152,000 (3-mile) and $140,000 (5-mile)
Strategic Nassau County location just 24 miles from Manhattan and minutes from JFK International Airport

Sale description

AMC Real Estate Investment Services is pleased to offer for sale the 40 Rocklyn Ave NNN Retail Center, a pristine 28,000 SF, two-tenant investment property located in the heart of Lynbrook, NY’s coveted Merrick Road Corridor. Fully renovated in 2022 and 100% occupied by two powerhouse child-enrichment operators—All American Gymnastics (15,000 SF) and Steps to Success (13,000 SF)—this irreplaceable asset delivers immediate cash flow with a current NOI of $675,542 and a 7.50% cap rate at the $9,000,000 asking price.

Published Nov 12, 2025. Information is provided by AMC REIS from sources believed reliable; buyers should verify all figures in the offering memorandum.

Location

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40 Rocklyn Ave – Lynbrook, NY 11563

Pin placed from the listed street address. Site boundaries and conditions are described in the offering memorandum.

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Demographics

Population and average household income by radius from the site, as marketed.

Radius from site	Population	Average income
3 Mile	205,566	$152,267
5 Mile	579,158	$140,759
10 Mile	1,937,957	$126,776

Listing brokers

Listing broker
Angelo Iacobelli
Managing Partner
(586) 200-0044 angelo@amcreis.com
BB
Broker of record
Brian Brockman
Bang Realty-New York Inc
10311208985 bor@bangrealty.com

Investment calculator

Model the deal with your own down payment, rate and amortization. NOI, debt service, cash-on-cash return and DSCR update instantly.

Your scenario

Purchase price

USD

Pre-filled from the asking price; adjust to model an offer.

Cap rate

NOI = price × cap rate · marketed NOI $634,165

Down payment$2,955,496 equity

All-cash at 100%Loan $5,488,779 · LTV 65%

Interest rate

% / yr

Amortization

years

Estimated returns

Equity: $2,955,496
Loan: $5,488,779

Net operating income (annual): $634,165
Monthly debt payment: $37,923
Annual debt service: $455,071
Cash flow after debt service: $179,094
Cash-on-cash return: 6.06%
Debt service coverage (DSCR): 1.39×

Discuss financing with an advisor

Estimates for 2 Tenant Retail – Lynbrook, NY only; not an offer of financing. Lender terms, closing costs, reserves and taxes vary. NNN leases shift operating expenses to the tenant, so NOI is modelled as price × cap rate.