136 Hempstead Tpke - Convenience Store FOR SALE


West Hempstead, NY 11552
$2,660,000 USD
212-430-5196
136 Hempstead Tpke, West Hempstead, NY for Sale
$2,660,000 USD
Convenience Store - FOR SALE
1/3
null | Request Cap Rate

136 Hempstead Tpke
West Hempstead, NY 11552


HIGHLIGHTS

  • The property is occupied by 7-Eleven under a NN lease corporately guaranteed by 7-Eleven, Inc.
  • 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.
  • More than 662,000 residents live within a five-mile radius of the site, with an average household income of $158,000.
  • The property is situated on Hempstead Turnpike at its intersection with Westminster Road, a heavily traveled corridor carrying more than 26,500 VPD.
  • The immediate trade area is anchored by a lineup of national tenants, including Stop & Shop, Home Depot, Old Navy, AutoZone, Chase Bank, & McDonald's.
  • Directly across the street, Heritage Westminster is a $212 million, 481,000-square-foot mixed-use development delivering 428 residential units

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,660,000 USD

PRICE/SF

$1,155 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Eleven, West Hempstead, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,002 SF

ZONING

-

APN/PARCEL ID

2089-34-310-00-0310-0

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.