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300 Route 25a

LEASEDRetail

Trader Joe’s Leases 13,500 Square Feet Retail Space At 300 Route 25A In Miller Place

300 Route 25a

Building Size

135,000 SF

Asset Type

Retail

Closing

Apr 24, 2026

AI

The property asset involved in this transaction is a retail space located at 300 Route 25A in Miller Place. The asset encompasses 135,000 square feet and is situated within a newly constructed retail center.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 300 Route 25A
  • Market: Miller Place
  • Square Footage: 135,000
  • Tenant: Bryan Palbaum - Trader Joe's
  • Broker: Robert Delavale - The Breslin Organization

This deal marks the opening of a 13,500-square-foot store for Trader Joe's in Miller Place, contributing to the ongoing development of the new retail space at the location.

Players

Robert Delavale

The Breslin Organization

Broker

3 deals

Broker
TJ
Trader JoesTenant

Rocky Point 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93