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Anatomy of a Lease: America’s Best Contacts & Eyeglasses in Levittown, NY

After this lease was negotiated and based upon the onset of the pandemic, America’s Best Contacts & Eyeglasses was forced to delay its planning and permitting process, which delayed its possession of the site by approximately six months. The opening date is now set for February 2021. The space, formerly occupied by Citibank, included a drive thru, so the landlord needed to determine if converting it to accommodate a non-drive thru tenant would be economically feasible. In this case, based upon the caliber of the optical retailer tenant, the landlord decided to spend approximately $100K in order to remove the bank vault, as well as the drive-thru window and canopy that Citibank had installed.

Tenant: America’s Best Contacts & Eyeglasses

Location: Levittown, N.Y.

Square Footage: 3,500 s.f.

Property Type: Regional Shopping Center

Developer/Owner: Levittown Mews Associates LP

Initial Term: 10 Years, NNN Lease

The space was attractive to America’s Best as it is in a strong regional shopping center with 46,000 vehicles per day, has an average household income of $143K within one mile and the location is on a heavily trafficked east/west regional highway. The average retail rent in Levittown is approximately $17.95/s.f. per year. The center is anchored by the only Walmart Neighborhood Market in Long Island. The shopping center also houses other high-traffic tenants such as Ulta Beauty, European Wax Center, H&R Block and The Children’s Place. In addition, there is a Home Depot located directly across the street.

Tenant Representation: Sholom and Zuckerbrot Realty LLC, 3511 35th Ave., Queens, NY 11106. 

Marc Durst, Managing Director, (718) 732-0626. mdurst@s-z.com.

Property Representation: Breslin Realty Development, 500 Old Country Road, Suite 200, Garden City, NY 11530. 

Robert Delavale, VP, Leasing, (516) 741-7400, Ext. 230. rdelavale@breslinrealty.com.

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Linda Frabl

Frabl is the former editor and reporter of Crittenden’s Retail Tenants Report. She has several years of experience in publishing including stints as a freelance writer, managing editor, copy editor and as an editor-in-chief for two Los Angeles County-based lifestyle magazines. She has worked for Crittenden Research since 2018. She has a degree in English from the University of California, Santa Barbara, and resides in San Diego.

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