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1103-1139 Old Country Rd

Castle Bay Management Leases Retail Space To Dom's Famous Chicken Fingers In Plainview For 1,850 Sq Ft
LEASEDRetail

Castle Bay Management Leases Retail Space To Dom's Famous Chicken Fingers In Plainview For 1,850 Sq Ft

1103-1139 Old Country Rd

Building Size

1,850 SF

Asset Type

Retail

Closing

Jan 1, 2025

AI

The property asset involved in this lease transaction is a retail space located at 1103-1139 Old Country Rd in the market of Plainview. The total square footage of the space is 1,850 square feet, as part of a lease agreement commenced on January 1, 2025.

Summary of transaction details:

This transaction features Dom's Famous Chicken Fingers as the tenant, with Castle Bay Management serving as the landlord. The deal was facilitated by broker Thomas Caliendo from Tide Realty Group, highlighting the collaborative efforts involved in securing this retail lease.

Players

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

45 deals

Broker
CM
Castle Bay ManagementLandlord
DF
Dom's Famous Chicken FingersTenant

Plainview Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93