A 7,000 square foot retail strip center at 139-151 Merrick Avenue in Merrick sold for $3.35 million in November 2025 at a 7.0% cap rate — $479 per square foot. Nassau County multi-tenant strip, fully in place on a well-traveled corridor.
A 7% cap on a Nassau strip in late 2025 reflects the current market accurately. If you own a similar property and are thinking about your options, give me a call.