A retail property located at 1728 Merrick Rd, Merrick, NY, 11566, was sold for a price of $2,100,000. The asset consists of a net-leased site occupied by Wendy’s, with a total square footage of 2,431 s/f situated on a .6-acre lot. The property features a fourteen-year lease, providing opportunities for rental increases every five years. The market for this transaction is Merrick.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,100,000.00
• Address: 1728 Merrick Rd, Merrick, NY, 11566
• Market: Merrick
• Buyer: Unknown
• Seller: Unknown
• Buyer's Representatives: Matthew Klang - Marcus & Millichap, Michael Tuccillo - Marcus & Millichap

Michael Tuccillo and Matthew Klang represented both the buyer and the seller in this transaction, with both parties identified as private investors. This indicates the involvement of experienced professionals from Marcus & Millichap, focusing on the retail sector within the Merrick market.