7-Eleven | 1 Jerusalem Ave
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7-Eleven 1 Jerusalem Ave
2,995 SF Retail Building Hempstead, NY 11550 £2,152,440 (£719/SF) 5.50% Net Initial Yield
Investment Highlights
- Long Term NNN Investment with Options
- Gas Station and Convenience Store Model
- Corporate Guaranteed Asset
Executive Summary
NNN Pro is pleased to present the exclusive listing for a 7-Eleven located at 1 Jerusalem Ave, Hempstead, NY 11550. The site consists of roughly 2,995 rentable square feet of building space on an estimated 0.47 acre parcel of land. This 7-Eleven is subject to a 15 year Ground lease, which commenced 10/31/2018. The current annual rent is $148,500 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
2,995 SF
Building Class
B
Year Built
2018
Price
£2,152,440
Price Per SF
£719
Net Initial Yield
5.50%
NOI
£118,384
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Lot Size
0.47 AC
Zoning
R6 - Low Density residential
Frontage
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2013-34-365-00-0219-0 | Improvements Assessment | £4,017 |
| Land Assessment | £2,403 | Total Assessment | £6,420 |
PROPERTY TAXES
Parcel Number
2013-34-365-00-0219-0
Land Assessment
£2,403
Improvements Assessment
£4,017
Total Assessment
£6,420
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7-Eleven | 1 Jerusalem Ave
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