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2705-2731 Hempstead Tpke 28,000 SF 100% Leased Retail Building Levittown, NY 11756 $11,167,360 CAD ($398.83 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Tenants in this shopping center include a hobby store, cantina bar/restaurant, escape room, nail/waxing salon, and a dance studio.
EXECUTIVE SUMMARY
18-unit shopping center with rear parking lot, fully occupied. Strong, resilient tenant mix with favorable lease terms. Enjoys high traffic counts and excellent visibility on a strong retail corridor, at the junction of the Wantagh State Parkway and Hempstead Tpke.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Property Type
Retail
Property Subtype
Storefront
Building Size
28,000 SF
Building Class
C
Year Built
1950
Price
$11,167,360 CAD
Price Per SF
$398.83 CAD
Cap Rate
6.50%
NOI
$725,634 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
1.06 AC
Parking
61 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
235’ on Hempstead Tpke
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2089-45-123-00-0032-0 | Improvements Assessment | $4,962 CAD |
| Land Assessment | $17,121 CAD | Total Assessment | $22,084 CAD |
PROPERTY TAXES
Parcel Number
2089-45-123-00-0032-0
Land Assessment
$17,121 CAD
Improvements Assessment
$4,962 CAD
Total Assessment
$22,084 CAD
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2705-2731 Hempstead Tpke
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