LEASEDRetail
Auto Glass Now! Leases 3,600 Square Feet Retail Space At 135 Sunrise Highway In Lynbrook
135 Sunrise Highway
$55
$55/SF
Building Size
3,600 SF
Asset Type
Retail
Closing
Dec 30, 2022
AI
The property asset involved in the lease transaction is a retail space located at 135 Sunrise Highway in Lynbrook, with a total area of 3,600 square feet. The tenant for this property is Auto Glass Now!, a part of Driven Brands, while the landlord is Thomas Caliendo.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Feet: 3,600
- Address: 135 Sunrise Highway
- Market: Lynbrook
- Tenant: Auto Glass Now! / Driven Brands
- Landlord: Thomas Caliendo
The key individuals involved in this deal include the landlord Thomas Caliendo, who oversees the property, and the tenant represented by Auto Glass Now! under the Driven Brands umbrella. The management and operational aspects of the lease will be handled by these respective parties throughout the lease term.
Players
Lynbrook Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93