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7 Eleven, West Hempstead, NY 136 Hempstead Tpke 2,304 SF Retail Building West Hempstead, NY 11552 $3,745,945 CAD ($1,625.84 CAD/SF)
Investment Highlights
- The property is occupied by 7-Eleven under a NNN lease corporately guaranteed by 7-Eleven, Inc.
- More than 662,000 residents live within a five-mile radius of the site, with an average household income of $158,000.
- The immediate trade area is anchored by a lineup of national tenants, including Stop & Shop, Home Depot, Old Navy, AutoZone, Chase Bank, & McDonald's.
- 5+ years remaining on the base term, followed by four, five-year options and 10% rental increases every five years. 24/7 operations at this location.
- The property is situated on Hempstead Turnpike at its intersection with Westminster Road, a heavily traveled corridor carrying more than 26,500 VPD.
- Directly across the street, Heritage Westminster is a $212 million, 481,000-square-foot mixed-use development delivering 428 residential units
Executive Summary
Marcus & Millichap is pleased to exclusively present for sale 136 Hempstead Tpke, a net-leased 7-Eleven located in West Hempstead, NY.?
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,304 SF
Building Class
C
Year Built
2016
Price
$3,745,945 CAD
Price Per SF
$1,625.84 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.23 AC
Parking
7 Spaces (3.04 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-34-310-00-0310-0 | Improvements Assessment | $2,553 CAD |
| Land Assessment | $4,457 CAD | Total Assessment | $7,010 CAD |
Property Taxes
Parcel Number
2089-34-310-00-0310-0
Land Assessment
$4,457 CAD
Improvements Assessment
$2,553 CAD
Total Assessment
$7,010 CAD
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7 Eleven, West Hempstead, NY | 136 Hempstead Tpke
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