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135 Sunrise Highway

Auto Glass Now! Leases 3,600 Square Feet Retail Space At 135 Sunrise Highway In Lynbrook
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

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

47 deals

Broker
Thomas Caliendo

Thomas Caliendo

Tide Realty Group

Landlord

$7.6M

vol

47 deals

Landlord

Auto Glass Now

Auto Glass Now! / Driven Brands

Tenant
Tenant

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