Peppertree Commons - Profitable Center W/ long Term Ground Lease

Investment Overview

Peppertree Commons at 6401 Jericho Turnpike presents a 35,300-square-foot shopping center on a long-term ground lease with 35 years remaining. At 75% occupancy, this strategic investment opportunity offers built-in net revenue growth potential in Long Island’s strong suburban retail corridor. The 14-unit retail center features a brand-new façade, ample parking with more than 200 spaces, and a complementary mix of food, fitness, service, beauty, and personal care tenants that support repeat customer visits throughout the week. The asset houses established anchors such as Anthony’s Coal Fired Pizza, Cold Stone Creamery, Bocu Salon, and Saf-T-Swim with clear upside through lease-up of vacant units, rent growth, and tenant diversification. Peppertree Commons offers investors and owner/users a well-maintained value-add opportunity to increase occupancy, enhance the tenant mix, and grow net operating income (NOI) within an already active and proven retail environment.

Investment Highlights

• Opportunity to acquire the leasehold position in Peppertree Commons, a high-cap rate retail center with 35 years remaining on the ground lease.
• Value-add opportunity anchored by Anthony’s Coal Fired Pizza, Cold Stone Creamery, Bocu Salon, and Saf-T-Swim, driving steady customer traffic.
• Well-maintained 14-unit retail center features a new façade, over 200 parking spaces, pylon signage, and a diverse mix of retail and service users.
• Located on a signalized corner at Jericho Turnpike and Commack Road with visibility to more than 75,000 vehicles daily and easy regional access.
• Positioned in a dominant retail node near Sunken Meadow State Parkway, LIE, and I-495 surrounded by Target, Whole Foods, BJ’s, Trader Joe’s, and more.
• Positioned in a dominant retail node near Sunken Meadow State Parkway, LIE, and I-495 surrounded by Target, Whole Foods, BJ’s, Trader Joe’s, and more.