160 Sunnyside Blvd - Convenience Store FOR SALE


Plainview, NY 11803
$2,990,000 USD
332-345-2408
160 Sunnyside Blvd, Plainview, NY for Sale
$2,990,000 USD
Convenience Store - FOR SALE
1/2
null | 5.63% Cap Rate

160 Sunnyside Blvd
Plainview, NY 11803


HIGHLIGHTS

  • NNN Lease with Zero Landlord Responsibilities | Landlord-friendly lease with no responsibilities
  • Early Exercise of Option | Tenant has demonstrated strong commitment to the location, already exercising its first 5-year extension option in 2020
  • High Store Traffic Implied Via Placer.Ai | The Subject Property ranks in the 84th Percentile of all 7-Eleven locations nationally

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a 7-Eleven located at 160 Sunnyside Blvd, Plainview, NY 11803. The site consists of roughly 2,989 rentable square feet of building space on an estimated 0.45-acre parcel of land. This 7-Eleven is subject to a 20-year Triple Net (NNN) lease, which commenced 12/10/2003. The current annual rent is $168,372 and has scheduled increases of 20% at next option, then 15% every 5- years.

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$1,000 USD /SF

CAP RATE

5.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

General Retail

APN/PARCEL ID

2489-13-106-00-0009-0

ASK ABOUT THIS PROPERTY

Connor CrovelloSurmountMore Info
332-345-2408

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Connor CrovelloSurmountMore Info
332-345-2408

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