Nassau County

TABLE OF CONTENTS

KING KULLEN
NASSAU COUNTY

APRIL 2021

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F -OPENED IN JUNE 2008
1 WILD BY NATURE MARKET $190,000 12,360 $15.37 FS 5 SC ATM, BAK, BLK, BR, 8–9M– -KING KULLEN OPERATED NATURAL & ORGANIC
#204 CC, CD, CG, CH, FL,
2709 LONG BEACH ROAD & LIM-GC, EXT-GF, SAT SUPERMARKET
HARRISON AVENUE GMT, HBC, KS, EXT- 8 – 8 SUN
OCEANSIDE, N, RC, SCD, SM, -HAD STOP & SHOP SUCCESSFULLY ACQUIRED
NY11572 SPB, SS, SU, SUBS, THE KING KULLEN CHAIN, THIS STORE HAD
VIT, WS, W, LIM-GC, PLANS TO BE DISPOSED OF & LEASED TO A
GM, HMR, JB NON-FOODS USE

-A LEED GOLD CERTIFIED FOR NEW
CONSTRUCTION STORE IN 2009 – 1ST

SUPERMARKET IN STATE OF NEW YORK TO

EVER BE AWARDED SUCH CERTIFICATION

-SERVICE MEAT DEPARTMENT SHUT DOWN &
EMPTY WHEN I VISITED AT 6:00PM ON A
TUESDAY; SOUP BAR UNUSED DURING THE
COVID-19 PANDEMIC

-NICE HARDWOOD FLOORING THROUGHOUT
-OFFERS A 10% SENIOR CITIZEN DISCOUNT

EVERY DAY FOR SHOPPERS AGES 65 &
OLDER PLUS 10% FULL CASE DISCOUNT

AVAILABLE TO ALL SHOPPERS ON ALL ITEMS

-AVERAGE – GOOD OPERATIONS &

PERISHABLES

-ATTRACTIVE STORE AND DÉCOR
-85% OF PRODUCE ITEMS ARE ORGANIC
-OFFERS A 12’ DELI, 12’ SERVICE MEAT & 12’

SERVICE SEAFOOD

-EXTENSIVE SUPPLEMENTS & GLUTEN FREE
SKU’S

-BOZZUTO’S & UNFI SUPPLIED
-LOCATED ADJACENT TO WALGREENS

PHARMACY ALONG BUSY LONG BEACH ROAD

WITH TRAFFIC LIGHT CONTROLLED

INGRESS/EGRESS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G/F
2 KING KULLEN #34 $170,000 13,450 $12.64 STRIP 7 SC 2XC, ATM, BR, CC, 7 – 10 M – -OPENED IN 1974
“FRANKLIN PLAZA” CH, CS, FL, LIM-GC, SAT -MINOR DÉCOR & OTHER UPGRADES
206 NEW HYDE PARK ROAD GF, LIM-GY, KS, LT, 7 – 9 SUN
& TULIP AVENUE LIM-N, OL, RC, LIM- COMPLETED DURING THE 2000’S
FRANKLIN WS, LIM-GM, BT, CD, CURRENT -CURRENT LEASE EXPIRES ON JULY 31, 2022
SQUARE, NY 11010 LIM-BM HOURS AS
OF 5/17/20: WITH NO OPTIONS REMAINING (CURRENT
ANNUAL RENT IS $362,967)
7 – 9: -OLDER, SMALLER, 20,125 TOTAL SQUARE
7 DAYS
FOOT STORE

-CLEAN & WELL MAINTAINED
-TRAFFIC LIGHT CONTROLLED

INGRESS/EGRESS
-TOTAL STORE CAPTURED $9,342,880 IN THE

52 WEEKS ENDED NOVEMBER 22, 2018, OR
$180,000 PER AVERAGE WEEK
-BASIC NEIGHBORHOOD STORE WITH FEWER
EXTRA AMENITIES; DULL, BLAND, NON-

DESCRIPT

-STRONGLY PROMOTING LOCALLY GROWN

PRODUCE

-PRODUCE & MEAT DEPARTMENTS BOTH
AVERAGE ABOUT 12% OF TOTAL STORE

SALES

-NOW ACCEPTING APPLE PAY & G PAY
-INCLUDES A 24’ COLD DELI THAT OFFERS 12’

OF ATTRACTIVE SALADS & ENTREES AND
FEATURES THE BOAR’S HEAD PRODUCT LINE
-STRONGLY PROMOTING DOUBLE
MANUFACTURERS’ COUPONS SAVINGS
-THIS 45,055 GLA STRIP CENTER HOUSES RITE
AID PHARMACY, CARDS 4 LESS, FRANKLIN
SQUARE BAGELS, BASKIN ROBBINS, INSIGHT
HAIR SALON, MEMORY NAIL, OLIVETTO’S
PIZZERIA RISTORANTE, & SMALL SHOPS; 203

PARKING SPOTS TOTAL

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
P -OPENED AS KING KULLEN CIRCA 1981;
3 KING KULLEN #14 $235,000 13,825 $17.00 STRIP 7 SC 2XC, ATM, BR, BT, 7 – 11 M –
1765 PENINSULA CD, CG, CH, CS, FL, SAT ANOTHER SUPERMARKET WAS HERE PRIOR
BOULEVARD LIM-GC, KF, KS, LIM- 7 – 9 SUN
& ROCKAWAY BOULEVARD N, RC, WS, GF, LIM- -20,137 TOTAL SQUARE FOOT STORE
BAK, LIM-GY, LT, CURRENT -INTERIOR REMODEL COMPLETED IN 2006
HEWLETT, NY 11557 LIM-HMR HOURS
(AS OF INCLUDED A NEW DÉCOR PACKAGE, EXPANDED
5/17/20): DAIRY, MEATS, ETC.
-VERY GOOD OPERATIONS & PERISHABLES
7 – 9: -ATTRACTIVE DELI FEATURES THE BOAR’S HEAD
7 DAYS PRODUCT LINE IN A 32’ DELI CASE, 20’ OF
WHICH INCLUDES SALADS & ENTREES; DELI
DEPARTMENT REPRESENTS 10% OF SALES
-BLAND, BASIC STORE
-LIMITED BAKERY IN THIS KING KULLEN
-THE KING KULLEN CHAIN IS BOZZUTO’S

SUPPLIED

-NO LOYALTY CARD NEEDED AT KING KULLEN
-AVERAGED $26,000 IN THE PRODUCE

DEPARTMENT IN 2019 (HIGHER IN SUMMER);
DOWN FROM $29,000 WEEKLY IN 2014
-VERY SPACE EFFICIENT
-AVERAGE PRICING OVERALL
-AVERAGE WEEKLY SALES 52 WEEKS ENDED
NOVEMBER 22, 2018 WAS $245,740
-SALES PRE COVID-19 WERE ABOUT $235,000
PER WEEK; PEAK COVID-19 UP TO $325,000;
NOW BACK TO $240,000
-ANNUAL RENT = $463,151, OR $20.00 PER

SQUARE FOOT

-LEASE TERM EXPIRES ON JUNE 29, 2021; NO

OPTIONS AVAILABLE

-THIS STORE WAS TO BE DISPOSED OF DURING
STOP & SHOP ACQUISITION & ACQUIRED BY
PSK SUPERMARKETS, LLC (KATZ FAMILY
OPERATED FOODTOWNS)

-MANAGER ESTIMATES 40% JEWISH TRADE
-VACANT, FORMER CHASE BANK IN MIDDLE OF

THE PARKING LOT IMPACTS KING KULLEN’S
PARKING & VISIBILITY
-EIGHT SMALL SATELLITE RETAILERS INCLUDE A
LAUNDROMAT, PIZZERIA, MAGIC BAGELS,
LIQUORS, ½ OFF CARDS, LITTLE FU’S CHINESE,
& OTHERS IN THIS FULLY LEASED STRIP

CENTER

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F -ORIGINALS “HILLS” SUPERMARKET; LATER
4 KING KULLEN #46 $240,000 26,680 $9.00 FS/ 11 SC CD, CH, BR, BT, GC, 6 - 11 M - TRADED AS “BOHACKS”
598 STEWART AVENUE & NSC (INC. 4 ATM, FL, CC, 2XC, SAT
BENKERT STREET SELF BAK, CS, LIM-WS, 7 - 9 SUN -OPENED AS KING KULLEN CIRCA 1983-84
BETHPAGE, NY SCAN) RC, KF, LIM-GY, RX, -INTERIOR REMODEL COMPLETED FOR A MAY
11714-2702 ATM, N, KS, LIM-
HMR, LIM-GM, 20, 1995 GRAND REOPENING
SUBS, $, LIM-BM, -EXPANSION & MAJOR REMODEL COMPLETED
CG, LIM-CB, JB, GF,
W, LT FOR A LATE AUGUST 2004 GRAND
REOPENING; ADDED A PHARMACY, FULL
SERVICE BAKERY, NEW DÉCOR PACKAGE,

OTHER SIGNIFICANT UPGRADES

-WAS AVERAGING $240,000 - $250,000 PRE
COVID-19 PANDEMIC; NOW AVERAGING IN
THE $350,000 PER WEEK RANGE

-DULL, BLAND, NON-DESCRIPT UNIT
-CLEAN, ATTRACTIVE, VERY WELL PRESENTED
-PHARMACY AVERAGES ONLY ABOUT 200 -

220 PRESCRIPTIONS FILLED WEEKLY, OR
$15,000+/- PER WEEK
-DOUBLE MANUFACTURERS’ COUPON SAVINGS
UP TO AND INCLUDING $1.00
-OLDER CUSTOMER BASE
-VERY MARGINAL STORE BASED ON A DOLLARS
PER SELLING SQUARE FOOT, OR

PRODUCTIVITY RATIO

-OFFERS A 40’ COLD DELI FEATURING THE
BOAR’S HEAD PRODUCT LINE

-KING KULLEN CORPORATE HEADQUARTERS

LOCATED ONLY A COUPLE BLOCKS AWAY

-FREESTANDING KING KULLEN; ADJACENT
OLDER, TIRED SHOPPING CENTER ALSO
INCLUDES BETHPAGE WINE & LIQUORS,
BARBER SHOP, PIZZERIA, CARVEL,
CARD$MART, ISLAND SMOOTHIE, CHAMPIONS
MARTIAL ARTS, PAGE CLEANERS, DAVID’S
JEWELRY, SUSHI TIME 560, AND A FEW OTHER
SMALL, WEAK COTENANTS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F/G -OPENED AS KING KULLEN IN 1975
5 KING KULLEN #7 $335,000 20,740 $16.15 FS 11 SC 2XC, ATM, BAK, LIM- 7 - 11 M - -FORMER BOHACK’S SUPERMARKET
1340 WANTAGH AVENUE & (INC. 4 BM, BR, BT, CC, CD, SAT -EXPANDED FROM 15,200 TO 20,740 SELLING
HOMESTEAD AVENUE SELF CG, CH, CS, FL, GC, 7 - 9 SUN
SCAN) LIM-GM, HD, LIM- SQUARE FEET & MAJOR REMODEL
WANTAGH, NY 11793 HMR, JB, KF, KS, COMPLETED IN LATE 1998
RC, SS, WS, LT, LIM- -KING KULLEN OWNS THIS PROPERTY
OB, LIM-CB, LIM-GY -LAST MINOR UPGRADES COMPLETED CIRCA
2007
-DULL, BLAND, NON-DESCRIPT
-VERY CLEAN, WELL PRESENTED &

MERCHANDISED

-STRONG PERISHABLES
-OLDER CUSTOMER BASE
-PLENTIFUL “LOW PRICE” SIGNAGE, BUT IS

ACTUALLY HIGHER PRICED

-ENJOYS TRAFFIC LIGHT CONTROLLED
INGRESS/EGRESS VIA WANTAGH AVENUE

-DOUBLE COUPON SAVINGS TO $1.00
-INCLUDES A 32’ COLD DELI FEATURING THE

BOAR’S HEAD PRODUCT LINE, 18’ OF SERVICE

SEAFOOD

-NO PHARMACY IN THIS KING KULLEN

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

6 KING KULLEN #50 $455,000 26,665 $17.06 FS/ F 12 SC 2XC, ATM, BAK, LIM- 6 MON – 12 -VERY WELL ESTABLISHED UNIT
“BELLMORE SHOPPES”
27-30 SUNRISE HIGHWAY STRIP (INC. 4 BM, BR, BT, LIM-CB, SAT: -MINOR REMODEL COMPLETED IN 1993
(ROUTE 27) &
BEDFORD AVENUE SELF CC, CH, CP, CS, FL, 24 HOURS -$6 - $7 MILLION MAJOR REMODEL & SALES
BELLMORE, NY SCAN) GC, GF, GMT, GY,
11710 7 – 10 SUN AREA EXPANSION INTO BACK ROOM SPACE

HMR, KF, KS, LT, N, COMPLETED IN OCTOBER 2005

OB, RC, SPB, SS, CURRENT -VERY CLEAN, BRIGHT, EXTREMELY WELL

SUBS, WS, WV, GM, HOURS: OPERATED & PRESENTED

JB, SU, CG -STRONG PERISHABLES, ESPECIALLY THE

7 – 10: PRODUCE DEPARTMENT THAT AVERAGES

7 DAYS 15% - 16% OF TOTAL STORE SALES
-24’ SERVICE SEAFOOD OFFERS A WEAK

PRESENTATION

-IMPRESSIVE 36’ DELI FEATURES BOAR’S HEAD

PRODUCT LINE AND MANY SALADS & ENTRÉES

-GREAT SERVICE LEVELS THROUGHOUT STORE

-NO PHARMACY IN THIS KING KULLEN

-ADJACENT 79,000 GLA SHOPPING CENTER

ACROSS THE PARKING LOT INCLUDES LIQUOR,

RITE AID PHARMACY, NAILS & RELAXATION

SPA, PICCOLO ITALIAN RESTAURANT, JERSEY
MIKE’S SUBS, ISLAND FEDERAL CREDIT UNION,

WING ZONE, T MOBILE, PAK MAIL, AND OTHER

SMALL SHOPS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
VG
7 KING KULLEN #56 $580,000 35,130 $16.51 FS/ 14 SC 2XC, ATM, BAK, BM, 6 M - 12 -ON-SITE REPLACEMENT OF AN OLD 14,250
“KING KULLEN SHOPPING NSC (INC. 4 BR, BT, CC, CD, CH, SAT:
CENTER” SELF CP, CS, FL, GC, 24 HOURS SELLING SQUARE FOOT KING KULLEN THAT
231 W. MERRICK ROAD & SCAN) GMT, GY, HMR, LIM- 7 - 10 SUN
PFLUG PLACE KF, LT, N, RC, SS, OPENED IN THIS BUILDING IN 2004
VALLEY STREAM, SUBS, WV, GF, BNK, CURRENT -BUSY WEEKEND STORE WITH VERY GOOD
NY 11580 KS, $, HD, GM, OB, HOURS:
LIM-STS, LIM-INT, OPERATIONS
LIM-CB, WS 7 – 10:
7 DAYS -#4 VOLUME STORE IN THE CHAIN; #2 OR #3 IN

MEAT DEPARTMENT SALES

-BAKERY DEPARTMENT IS THE HIGHEST VOLUME
IN THE COMPANY AT $22,000 - $23,000 PER

AVERAGE WEEK

-THIS STORE WAS AVERAGING HIGH $500,000’S
TO ALMOST $600,000 PER WEEK PRE COVID-
19 PANDEMIC; SALES REACHED UP TO
$800,000+/- DURING PEAK PANDEMIC WEEKS;
NOW AVERAGING IN THE HIGH $600,000’S

-UNIQUE INTERIOR LAYOUT; VERY CLEAN &

WELL PRESENTED

-INCLUDES SOUL FOOD, ASIAN – THAI, KOSHER,

AND GERMAN FOODS

-EXCELLENT PERISHABLES INCLUDING A 40’
COLD DELI CASE, BAKERY & MEAT VARIETY

-POSITIONED IN THE REAR OF THE CENTER WITH
NO VISIBILITY FROM W. MERRICK ROAD, YET

STORE IS VERY WELL ESTABLISHED

-DEEP STORE WITH SPLIT AISLES
-DIVERSE CUSTOMER BASE
-INCLUDES AN IN-STORE BETHPAGE FEDERAL

CREDIT UNION

-THIS SHOPPING CENTER ORIGINALLY OPENED
IN 1963 & TODAY INCLUDES LUCILLE ROBERTS,
PET SUPPLIES “PLUS”, CARDS FOR LESS,
DUNKIN’ DONUTS, POPEYES, GAMESTOP,
JENNY CRAIG, ANGEL TIPS, FAMOUS BRANDS, &

OTHER SMALL SHOPS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G/F -OPENED ON DECEMBER 13, 2012
8 KING KULLEN #53 $440,000 28,860 $15.25 STRIP 12 SC $, ATM, BAK, BR, 7 – 12 M – -THIS IS THE NEWEST “BUILT FROM THE
“BARNUM LANDING” (INC. 4 CC, CD, CH, CP, CS, SAT
4601 AUSTIN BOULEVARD & SELF FL, GC, GF, GY, HD, 7 – 9 SUN GROUND UP” STORE IN THE COMPANY
RAILROAD PLACE SCAN) KF, KS, LIM-N, OB, -40,000+/- TOTAL SQUARE FEET
RC, SPB, SU, WB, CURRENT -SALES INCREASE ABOUT 10% IN SUMMERTIME
ISLAND PARK, NY WS, 2XC, BT, OL, HOURS:
SUBS, LIM-HMR, BM, DUE TO NEARBY BEACHES & SUMMER HOMES
11558 GM, LIM-WV, LIM- 7 – 10 M – -STORE AVERAGED $440,000 WEEKLY PRE
CB, JB, CG SAT
7 – 9 SUN COVID-19 PANDEMIC ($480,000+ SUMMER
WEEKS); $800,000’S PEAK COVID-19
WEEKS; $660,000+/- WEEKLY CURRENTLY
-EXCELLENT STORE CONDITIONS &

PERISHABLES

-NO SERVICE SEAFOOD OR PHARMACY HERE
-OFFERS AN IMPRESSIVE 36’ DELI INCLUDING

24’ OF SALADS & ENTREES AND FEATURES
THE BOAR’S HEAD PRODUCT LINE, GRAB & GO

CASES

-DOUBLE MANUFACTURERS’ COUPON SAVINGS
UP TO $1.00 AT ALL KING KULLENS

-BOZZUTO’S SUPPLIED
-FULLY LEASED STRIP CENTER ALSO INCLUDES

A DANCE STUDIO, LIQUOR-WINE WAREHOUSE,
PET VALU, PANERA BREAD, 4 SMALL SHOPS +
WENDY’S ON A PAD

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G/F
9 KING KULLEN #17 $620,000 27,580 $22.48 FS 15 SC 2XC, ATM, BAK, BM, 6:30 MON – -OPENED IN 1996
127 SUNRISE HIGHWAY (INC. 4 BR, BT, CC, CD, CH, 12 SAT: -SOME NEW CASES & DÉCOR CHANGES MADE
(ROUTE 27) & SELF CP, CS, FL, GC, GF, 24 HOURS
N. CENTRE AVENUE SCAN) LIM-GM, GY, HBC, 7 – 10 SUN HERE SINCE OPENING
ROCKVILLE LIM-HD, HMR, LIM-
CENTRE, NY 11570 KF, KS, LT, N, RC, CURRENT -TOP THREE VOLUME UNIT IN THE COMPANY
SS, SU, WS, LIM-WV HOURS AS (BRIDGEHAMPTON, NY IS #1; GARDEN CITY
OF 5/26/20: PARK STORE IS ALSO IN THE TOP 3)

7 – 10: -AVERAGED $620,000+/- PER WEEK PRE
7 DAYS COVID-19 PANDEMIC; SALES INCREASED TO
THE $1 MILLION PER WEEK RANGE DURING
PEAK COVID-19; CURRENTLY AVERAGING IN
THE LOW $700,000’S

-HIGH PROFILE ROUTE 27 LOCATION &

INTERSECTION

-EXCELLENT OPERATIONS & PERISHABLES
-GREAT BAKERY PRESENTATION
-OFFERS A STRONG 40’ COLD DELI FEATURING

THE BOAR’S HEAD PRODUCT LINE & 20’ OF

SALADS

-INCLUDES 20’ SERVICE SEAFOOD WITH
LOBSTER TANK, EXTENSIVE PRODUCE DEPT.

-PROMOTING DOUBLE MANUFACTURERS’
COUPON SAVINGS UP TO $1.00

-HOME DELIVERY ON TUESDAY & SATURDAY
ONLY; CUSTOMER SHOPS, KING KULLEN
DELIVERS FOR AN $8 FEE

-NO PHARMACY IN THIS KING KULLEN
-STRONGLY PROMOTING LOCALLY GROWN

LONG ISLAND PRODUCE & FARMERS WITH IN-
STORE SIGNAGE & IN ITS WEEKLY AD
-THE ELEVATED LONG ISLAND RAILROAD RUNS

BESIDE THIS STORE

-ACCEPTS COMPETITORS’ COUPONS
-BOZZUTO’S SUPPLIED IN THE GROCERY

DEPARTMENT

-LOCATED NEAR ROCKVILLE CENTRE’S

BUSINESS DISTRICT

-FREESTANDING KING KULLEN WITH A 24 HOUR
CVS/PHARMACY (PRE COVID-19; NOW
CLOSES AT MIDNIGHT) ON PAD & HAMPTON

INN HOTEL BEHIND THE STORE

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G
10 KING KULLEN #39 $595,000 33,910 $17.55 NSC 13 SC 2XC, ATM, BAK, BB, 6 – 12 M – -FORMER PATHMARK #632 THAT OPENED ON
“THE POINT AT GARDEN CITY (INC. 4 LIM-BM, BR, BT, CC, SAT JANUARY 4, 1981 & CLOSED ON OCTOBER
PARK” SELF CD, CH, CP, CS, FL, 6 – 10 SUN 13, 2010
2305 JERICHO TURNPIKE & SCAN) GC, GF, GM, GMT,
NASSAU BOULEVARD GY, HD, HMR, KS, CURRENT: -NEARBY REPLACEMENT STORE FOR KING
LT, EXT-N, OB, OL, KULLEN THAT OPENED HERE IN 2011 AFTER
GARDEN CITY RC, SS, STS, WB, 7 – 10: COMPLETING A $7 MILLION RENOVATION
WS, KF, SU, JB, CG, 7 DAYS
PARK, NY 11040-4709 $ -51,421 TOTAL SQUARE FOOT STORE
-VERY WELL ESTABLISHED IN THE AREA FOR

SEVERAL DECADES

-TRAFFIC LIGHT CONTROLLED
INGRESS/EGRESS VIA NASSAU BOULEVARD

-ONE OF THE TOP THREE VOLUME STORES IN
THE CHAIN (BRIDGEHAMPTON, NY IS #1)

-SALES NOW IN THE HIGH $600,000’S DUE TO
COVID-19 PANDEMIC

-EXCELLENT OPERATIONS & PERISHABLES
-OFFERS AN ATTRACTIVE, 36’ DELI FEATURING

THE BOAR’S HEAD PRODUCT LINE, 24’ SALADS
& ENTREES; ALSO OFFERS 12+’ OF SERVICE

SEAFOOD

-VERY CLEAN & WELL MERCHANDISED STORE
-OFFERS AN EXTENSIVE “WILD BY NATURE”

NATURAL FOODS DEPARTMENT THAT

INCLUDES 8 DOORS OF DAIRY & FROZEN

FOODS

-NO PHARMACY IN THIS KING KULLEN
-ONLINE SHOPPING & DELIVERY SERVICE

OFFERED HERE FOR PICK UP & HOME

DELIVERY

-RECENTLY REMODELED, 100% LEASED &

OCCUPIED PLAZA ALSO INCLUDES ACE

HARDWARE, FIVE GUYS, CARDS & GIFTS,
JERICHO WINES & LIQUORS, ROYAL BEAUTY
SUPPLY, JERSEY MIKE’S SUBS, ORANGE
THEORY FITNESS, SUSHI YA HIBACHI, NEW
GARDEN SPA, & A FEW OTHERS + CITIBANK

ON A PAD

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
G/F
11 KING KULLEN #11 $260,000 29,575 $8.79 NSC 12 SC CD, BAK, CH, BR, 7 – 11 M – -SITE OF ORIGINAL FINAST SUPERMARKET
“LEVITTOWN PLAZA” (INC. 4 BT, SS, WS, FL, GC, SAT THAT OPENED HERE IN 1948; CHILD WORLD
3284 HEMPSTEAD TURNPIKE SELF CC, CG, RX, ATM, 7 – 9 SUN & WALGREENS OCCUPIED THIS SPACE PRIOR
(ROUTE 24) & SCAN) HD, 2XC, RC, CS,
JERUSALEM AVENUE SUBS, BNK, KS, $, CURRENT TO KING KULLEN
GM, LIM-BM, CP, KF, HOURS AS
LEVITTOWN, NY LIM-GY, LIM-N, LT, OF -KING KULLEN OPENED HERE IN JANUARY 1994
OL, JB, LIM-WV, CS, 5/26/2020: -IN-STORE BETHPAGE FEDERAL CREDIT UNION
11756 LIM-CB
7 – 10 M – CLOSED IN MARCH 2020 DUE TO COVID-19
SAT
7 – 9 SUN AND IS STILL CLOSED TODAY

-THE LEASE FOR THIS 454 SQUARE FOOT IN-

STORE BETHPAGE FEDERAL CREDIT UNION

EXPIRES ON DECEMBER 31, 2020, WITH TWO
1 YEAR OPTIONS; CURRENT RENT = $48,414
-WAS TO BE DIVESTED TO A NON-FOODS USER
IN ABORTED STOP & SHOP ACQUISITION
-48,511 TOTAL SQUARE FOOT FACILITY

INCLUDES LARGE BACK ROOM SPACE

-ACTUAL AVERAGE WEEKLY SALES FOR THE 52
WEEKS THAT ENDED NOVEMBER 22, 2018
WAS $299,353, INCLUDING 488
PRESCRIPTIONS, OR ABOUT $34,000 IN THE

PHARMACY DEPARTMENT

-CURRENT ANNUAL RENT = $614,739
-CURRENT LEASE EXPIRES DECEMBER 31,

2023, WITH TWO 5-YEAR OPTIONS (RENT
INCREASES IN EACH OPTION PERIOD)
-GOOD PRESENTATION IN GROCERY &

PERISHABLE DEPARTMENTS

-BASIC OLDER KING KULLEN, YET WELL

MAINTAINED

-HOME DELIVERY AVAILABLE
-VOLUME LISTED INCLUDES A WEEKLY

AVERAGE OF $35,000 IN THE PHARMACY
DEPARTMENT (OPEN 7 DAYS)
-OFFERS A 32’ COLD DELI; 12’ SERVICE

SEAFOOD

-DOUBLE COUPON SAVINGS TO $1.00
-SUFFERED A 10% IMPACT FROM THE JULY

2013 OPENING OF WALMART NEIGHBORHOOD
MARKET OF LEVITTOWN, MOSTLY IN ‘CENTER
STORE’ OR GROCERY DEPARTMENT;

PERISHABLES BARELY IMPACTED

-THIS SHOPPING CENTER ALSO INCLUDES
STARBUCKS COFFEE, RED MANGO, DORTONI
BAKERY, DENTAL 365, VISIONWORKS, CITY
MD URGENT CARE, BRITTANY BEAUTY
ACADEMY, A FLORIST, & OTHERS; ULTRA GAS

STATION ON A FRONT PAD

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F -OPENED AS KING KULLEN CIRCA 2007;
12 KING KULLEN #55 $470,000 37,450 $12.55 NSC 13 SC $, 2XC, ATM, BAK, 6 – 11 M – PREVIOUS STOP & SHOP SUPERMARKET
“SOUTHGATE SHOPPING (INC. 4 BR, BT, CC, CG, CH, SAT
CENTER” SELF CP, FL, GC, GF, LIM- 7 – 9 SUN -TYPICAL DARK & BLAND KING KULLEN DÉCOR
4938 MERRICK ROAD & SCAN) GM, LIM-GY, HBC,
WHITEWOOD DRIVE LIM-HMR, LIM-KF, CURRENT PACKAGE
MASSAPEQUA KS, LT, EXT-N, OB, HOURS:
PARK, NY 11762 RC, SPB, SS, WB, -WAS AVERAGING APPROXIMATELY $470,000
WS, CD, LIM-CB, JB, 7 – 10 M – PER WEEK PRE COVID-19 PANDEMIC;
SU, BM SAT
7 – 9 SUN CURRENTLY AVERAGING IN THE HIGH

$500,000’S PER WEEK
-IMPRESSIVE 24’ SERVICE SEAFOOD

DEPARTMENT AND 40’ COLD DELI THAT
FEATURES THE BOAR’S HEAD PRODUCT LINE
-CENTER STORE “WILD BY NATURE MARKET”
NATURAL FOODS DEPARTMENT INCLUDES 25
DOORS OF DAIRY & FROZEN FOODS, BULK
FOODS, GLUTEN FREE PRODUCTS, & A 28’

OFFERING OF ORGANIC PRODUCE

-USUAL HIGHER GROCERY & HBC PRICES
-AN UNPROFITABLE STORE WITH RATHER HIGH

RENT

-NO PHARMACY IN THIS KING KULLEN
-THIS ALMOST FULLY LEASED CENTER

INCLUDES DAVIS VISIONWORKS, THE UPS
STORE, CARD MART, ASIAN MOON, WINE &
LIQUOR, HUNGTINGTON LEARNING CENTER,
PROHEALTH URGENT CARE, THE UPS STORE,
TROPICAL SMOOTHIE CAFÉ, SUPERCUTS,
MASSAGE ENVY SPA, ORANGE THEORY
FITNESS, U.S. POST OFFICE, SCOT TRADE,
SMALL SHOPS & OFFICES + CHASE BANK &

CAPITAL ONE BANK ON PADS

matthew p. casey & associates, inc. August 2020

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS
F -ORIGINAL PERGAMENT SUPERMARKET, THEN
13 KING KULLEN #52 $290,000 27,730 $10.46 NSC 10 SC ATM, BAK, BM, BR, 7 – 11 M –
77 FOREST AVENUE & CC, CD, CH, CP, CS, A FARMERS MARKET
WALNUT ROAD FL, GC, GF, LIM-GM, SAT
GLEN COVE, NY GY, LIM-HMR, KS, 7 – 9 SUN -OPENED AS KING KULLEN ON DECEMBER 9,
11542 LB, LT, EXT-N, OB, 2002
RC, SS, SU, WS, 2XC
-VERY GOOD OPERATIONS & PERISHABLES;

VERY CLEAN STORE

-UNUSUAL SHAPED SELLING AREA
-OFFERS A STRONG 36’ DELI FEATURING THE

BOAR’S HEAD PRODUCT LINE
-ALSO OFFERS AN EXTENSIVE NATURAL FOODS

DEPARTMENT

-USUAL KING KULLEN PRICING & PROMOTIONS

HERE

-SERVES AN OLDER CUSTOMER BASE
-EDWARD’S AND STOP & SHOP ONCE

OPERATED ON THE OTHER END OF THIS

PLAZA, BEFORE KING KULLEN
-NEIGHBORHOOD CENTER INCLUDES

WALGREENS, VERIZON, NAIL & SPA, BAGEL
CAFÉ, VITO’S PIZZERIA, ONE VACANCY

matthew p. casey & associates, inc. May 2018

NASSAU COUNTY, NEW YORK

KING KULLEN REPORT

MAP ESTIMATED SALES SALES/ LOC** PKG #/TYPE SPECIAL STORE COMMENTS
CODE NAME / LOCATION WEEKLY SALES AREA SQ. FT TYPE REG DEPARTMENTS HOURS

14 KING KULLEN #8 $460,000 23,495 $19.58 FS/NSC P 12 SC 2XC, ATM, BAK, LIM- 7 - 12 M - -BUILT FROM THE GROUND UP & OPENED ON
“MANHASSET CENTER” (INC. 4 BLK, BR, BT, CC, CD, SAT JANUARY 30, 2004
1430 NORTHERN SELF CG, CH, CP, CS, FL, 7 - 10 SUN
BOULEVARD (ROUTE 25A) & SCAN) GC, LIM-GY, JB, KS, -37,570 TOTAL SQUARE FOOT STORE
SHELTER ROCK ROAD N, OB, RC, SM, SPB, -VERY CLEAN & VERY WELL PRESENTED
SS, SU, WS, LT, HD -GREAT PERISHABLES PRESENTATION
MANHASSET, NY -INCLUDES A 40’ COLD DELI (FEATURING THE

11030 BOAR’S HEAD PRODUCT LINE), 18’ SERVICE
SEAFOOD A 12’ SERVICE MEAT COUNTER
-UPSCALE NEIGHBORHOOD; HIGH PRICED

STORE

-POOR VISIBILITY & EXPOSURE, SET IN REAR

OF SHOPPING CENTER

-NORTHERN BOULEVARD IS A VERY STRONG,

UPSCALE RETAIL ROAD

-POOR PARKING IMPAIRS THIS STORE’S TRUE

VOLUME POTENTIAL

-BOZZUTO’S SUPPLIED
-OFFERS DOUBLE COUPON SAVINGS UP TO $1

(COMPETITION IS UP TO 99¢)
-THIS 188,608 GLA SHOPPING CENTER ALSO

INCLUDES NORDSTROM RACK, DSW SHOES,
MARSHALLS, STAPLES, MICHAELS CRAFTS,
MEDICAL OFFICES, OTHERS; LORD & TAYLOR

TRADES DIRECTLY ACROSS SHELTER ROCK

ROAD

matthew p. casey & associates, inc. May 2018