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7-Eleven NNN - LOW RENT - BUSY LOCATION 3993 Austin Blvd

2,640 SF Retail Building Island Park, NY 11558 £1,580,117 (£599/SF) 4.35% Net Initial Yield

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Investment Highlights

7-Eleven Inc. has an investment grade credit rating (S&P: A)
Significantly below market rent may enable the new investor with the opportunity to enhance future NOI. Two 5-year options remain with 10% escalations
Strong Nassau County, Long Island area; densely populated & desirable demographics in the supporting towns of Island Park, Long Beach & Oceanside

High barriers to entry marketplace.
Very well located at the TLC intersection of Austin Blvd & Georgia Ave and strong north south thoroughfare with traffic counts exceeding 36k VPD.
Affluent neighborhood with a population of 106,355 residents with an average household income of $178,793 within a 3-mile radius

Executive Summary

Introducing an exceptional investment opportunity - 7-Eleven NNN Convenience Store at 3993 Austin Boulevard, Island Park, Nassau County, NY. This property features a high-traffic location with over 36,000 vehicles passing daily. The one-story retail structure, built in 2003, sits on approximately 0.35 acres with 20 parking spaces.
7-Eleven, Inc. is currently in their first 5 year option until Oct 31, 2027 with a below-market NNN rent of $87,846 per year. They have 2 additional five year options with a 10% base rent escalation at the beginning of each option period. With a strong demographic profile and an affluent population base in the surrounding areas, this property offers a solid investment in the prime Nassau County, Long Island market.
Highlights include 7-Eleven's investment-grade credit rating, below market NNN base rent, multiple lease extension options with escalations, and the tenant covering operating expenses. Don't miss this chance to acquire a property in a desirable location with excellent growth potential. Contact John Thomas at 631-360-4303 or jt@selectrealequity.com for more details on this lucrative 7-Eleven investment opportunity.

NNN,IslandPark,NY,3993AustinBlvd,7-11,JT