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1155-1157 Hempstead Tpke 8,400 SF 100% Leased Retail Building Franklin Square, NY 11010 $2,061,994 CAD ($245.48 CAD/SF) 4.65% Cap Rate
Investment Highlights
- Great Corner Visibility
- Over 770,000 Residents Live Within A 5 Mile Radius
- Over 31,000 Cars Pass The Site Daily
- Low Per Square Foot Sale Price & Low Per Square Foot Taxes
- Median Household Income Levels Above $127,000 Annually
- NOI DOES NOT INCLUDE ANY MONEY FOR THE VACANCY
Executive Summary
This investment deal presents both an investor and owner / occupant the ability to rent out the prime corner store. The asking rent on the 2,354 square foot corner store is $28.50 per square foot net, which would yield an additional $67,000.00 to the bottom line. It is priced at an unbelievably low $180.62 per square foot, even the real estate taxes are $4.48 per square foot. The roof over the retail stores was ripped up and replaced approximately 4 years ago. The 5 ton HVAC unit over the convenience store was replaced about 3 years ago. In addition, the 3 ton unit over the rear warehouse tenant was replaced last year.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,400 SF
Building Class
C
Year Built
1938
Price
$2,061,994 CAD
Price Per SF
$245.48 CAD
Cap Rate
4.65%
NOI
$95,932 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.27 AC
Zoning
(X) - Business Districts
Frontage
60’ on HEMPSTEAD TURNPIKE
Moderately walkable
60/100
Fairly drivable
40/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-35-039-00-0001-0 | Total Assessment | $7,842 CAD (2026) |
| Land Assessment | $3,779 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $4,062 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
2089-35-039-00-0001-0
Land Assessment
$3,779 CAD (2026)
Improvements Assessment
$4,062 CAD (2026)
Total Assessment
$7,842 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1155-1157 Hempstead Tpke
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