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
About this deal
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.
On the Map
Retail
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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