Marcus & Millichap is pleased to exclusively present for sale 136 Hempstead Tpke, a net-leased 7-Eleven located in West Hempstead, NY. 136 Hempstead Turnpike presents the opportunity to acquire a single-tenant retail investment occupied by 7-Eleven under a net lease structure with a corporate guarantee from 7-Eleven, Inc. The property is positioned along Hempstead Turnpike, one of Nassau County’s primary commercial corridors, providing direct exposure to a heavily traveled retail artery and convenient access to the surrounding Long Island market.
The location benefits from established retail activity throughout the immediate trade area, including national retailers, service businesses, restaurants, financial institutions, and neighborhood shopping destinations. The property sits near the intersection of Hempstead Turnpike and Westminster Road, placing it within a mature commercial corridor that serves the surrounding residential communities of West Hempstead, Franklin Square, Hempstead, and neighboring Nassau County markets.
The investment is supported by a long-term tenant operating a 24-hour convenience store format. The lease includes approximately five years remaining in the current base term, followed by four additional five-year renewal options with scheduled rental increases. The corporate tenancy, established retail location, and visibility along a major roadway contribute to the asset’s positioning as a passive retail investment opportunity.
West Hempstead offers connectivity to the broader Long Island region through nearby parkways, arterial roadways, and access to the New York City metropolitan area. The surrounding customer base, established commercial environment, and continued consumer demand for convenience-oriented retail uses support the property's ongoing operation and market relevance.