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2-Tenant Retail Strip w/Drive-Thru 730 Fulton Ave 4,208 SF 100% Leased Retail Building Hempstead, NY 11550 $5,223,680 CAD ($1,241.37 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Two National Tenants—Insomnia Cookies and Fresh Dining Concepts (Carvel, Cinnabon, Auntie Anne’s)
- Corporate Guarantee From Fresh Dining Concepts, The Nation’s Largest GoTo Foods Franchisee
- Brand-New 10-Year Double Net (NN) Leases with Three Percent Annual Increases
- Prime Corner Location with Drive-Thru and Over 54,000 Vehicles Per Day
EXECUTIVE SUMMARY
Both tenants recently executed brand-new 10-year NN leases with three percent annual increases. This is a corner property with a drive-thru that rests on a 13,543-square-foot lot with a dedicated parking lot for 19 cars. Fulton Avenue is the most heavily traveled roadway in Hempstead. The site is surrounded by national retailers, and it is located right down the street from the entrance to Hofstra University. The offering is comprised of two separate tax lots. These are true NN leases; the tenants are responsible for all taxes, insurance, and CAM. The landlord is only financial responsibilities are for Roof & Structure.
Insomnia Cookies occupies 800 square feet, all on the ground floor. They have a three percent annual increase beginning 3/30/2025. They are responsible for their
proportionate share of all CAM and Taxes. Fresh Dining Concepts operates Auntie Anne’s and Cinnabon out of this location. They have a drive-thru, and they are responsible for their proportionate share of CAM and Taxes. They also have a three percent annual increase. Fresh Dining Concepts occupies 1,675 square feet on the ground floor, and the entire 1,733 square feet on the second floor (storage and offices).
This is a corporate guaranteed lease from Fresh Dining Concepts, the largest franchisee in the GoTo Foods network, with 220 stores and just over $200 million in sales last year. GoTo Foods is the corporate parent for brands such as Auntie Anne’s, Carvel, Cinnabon, Jamba Juice, McAlister’s Deli, Moe’s Southwest Grill and Schlotzsky’s. They operate more than 6,400 stores, with $4 billion in yearly revenue last year, and they recently rebranded from Focus Brands to GoTo Foods.
PROPERTY FACTS
AMENITIES
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Accommodation and Food Services
- -
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$9.99
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Lorem Ipsum
-
Jan 0000
Insomnia Cookies was founded in 2002–03 by Seth Berkowitz (and Jared Barnett) while students at the University of Pennsylvania, commencing delivery from a dorm room. The first retail bakery opened in 2003 in Syracuse, NY, and growth accelerated—exceeding 100 locations by 2016, 200 by 2021, and over 350 by late 2025. Originally majority-owned by Krispy Kreme (JAB) in 2018, a 2024 transaction transferred control to Verlinvest and Mistral Equity Partners. Headquartered in Philadelphia with additional offices including New York and Newtown Square, PA, the privately held company has around 1,700–1,800 employees. Notable milestones include the 2021 opening of the CookieLab concept, late-night delivery until 3 a.m., and partnerships such as “Official Cookie” for New York Knicks and airport locations. With a target of 1,800 bakeries over the next decade, the brand remains focused on growth through omni-channel retail, transit venues, and global markets.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2013-34-439-00-0248-0 | Improvements Assessment | $1 CAD |
| Land Assessment | $6,916 CAD | Total Assessment | $6,918 CAD |
PROPERTY TAXES
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2-Tenant Retail Strip w/Drive-Thru | 730 Fulton Ave
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