238-248 Front St - Storefront FOR SALE


Hempstead, NY 11550
$4,975,000 USD
631-425-1232
238-248 Front St, Hempstead, NY for Sale
$4,975,000 USD
Storefront - FOR SALE
1/4
null | 6.13% Cap Rate

238-248 Front St
Hempstead, NY 11550


HIGHLIGHTS

  • 100% Leased Neighborhood Retail Asset
  • Durable Cash Flow with 6.3-Year WALT
  • Diversified Food & Service Tenant Mix
  • Dense Nassau County Retail Corridor Location

OVERVIEW

Cushman & Wakefield is pleased to exclusively present 238–248 Front Street in Hempstead, NY, a fully leased neighborhood retail strip totaling approximately 13,850 square feet. The property is leased to a diversified mix of service-oriented and food & beverage tenants generating immediate in-place cash flow supported by strong daily-needs demand. With a weighted average lease term of approximately 6.3 years, the tenancy profile provides predictable income, limited near-term rollover exposure, and reduced cash flow volatility. Located along Front Street in the Village of Hempstead, the property benefits from a dense surrounding residential population, strong neighborhood retail demand, and proximity to major institutional anchors including NYU Langone Hospital, Hofstra University, and Nassau Community College. The offering presents investors the opportunity to acquire a stabilized retail asset with durable income within an active Nassau County commercial corridor.

FOR SALE DETAILS

PRICE

$4,975,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,996 SF

ZONING

Business (B)

APN/PARCEL ID

2013-35-328-01-0328-0,2013-35-328-01-0463-0

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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