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Retail Stores - Busy Long Island Strip Center 490-520 Hempstead Tpke
15,000 SF of Retail Space Available in West Hempstead, NY 11552
Highlights
- Newly renovated with parking area to accommodate over 300 cars.
- Historic 60 feet tall arc known as the "1964/1965 New York World's Fair Arc" with illuminated billboard pylon sign.
- Signalized intersection of Hempstead Turnpike and Cherry Valley Avenue.
- Upscale neighborhood shopping center, serves the area surrounding the densely populated.
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 15,000 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
Fully built out retail anchor space in a strip commercial center available now for move in.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Anchor Space
- Central Air Conditioning
- High Ceilings
- Former supermarket anchor space
- Equipment not included.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Retail Stores - Busy Long Island Strip Center
- Tenant
- Description
- US Locations
- Reach
- Cherry Valley Market Place
- Supermarket
- 1
- Local
- Larosa's Restaurant & Pizza
- Restaurant
- 1
- Local
- Rite Aid
- Drug Store
- 3,558
- National
- S K 168 Wine & Liquor
- Liquor
- 1
- Local
- Sunny Nail Spa Inc
- Nail Salon
- 1
- Local
- Wayback Burgers
- Fast-food
- 231
- International
| Tenant | Description | US Locations | Reach |
| Cherry Valley Market Place | Supermarket | 1 | Local |
| Larosa's Restaurant & Pizza | Restaurant | 1 | Local |
| Rite Aid | Drug Store | 3,558 | National |
| S K 168 Wine & Liquor | Liquor | 1 | Local |
| Sunny Nail Spa Inc | Nail Salon | 1 | Local |
| Wayback Burgers | Fast-food | 231 | International |
PROPERTY FACTS FOR 490-520 Hempstead Tpke , West Hempstead, NY 11552
| Property Type | Retail | Total Land Area | 4.87 AC |
| Property Subtype | Storefront Retail/Office | Year Built | 1992 |
| Gross Internal Area | 81,770 SF | Parking Ratio | 3.67/1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Internal Area | 81,770 SF |
| Total Land Area | 4.87 AC |
| Year Built | 1992 |
| Parking Ratio | 3.67/1,000 SF |
About the Property
The iconic Cherry Valley Shopping Center in Nassau County, New York was strategically established on 4.87 acres of land in 1992 with a 77,180 square feet building. With its recent major renovations, it has a new large parking area in front of its retail operations to accommodate over three hundred cars (ratio 3.89/1,000 SF), two convenient major street entrances with dedicated turn lanes, and the historic 60 feet tall arc (known as the "1964/1965 New York World's Fair Arc") with a huge illuminated billboard pylon sign that lists the tenants' brand names. It is situated on the busy, signalized intersection of Hempstead Turnpike (traffic counts of 30,000+ cars daily) and Cherry Valley Avenue. For public transportation convenience, it is on the direct bus line of Hempstead Turnpike and near Long Island Rail Road train stops. Further, being on the border of both the Village of Garden City and the area of Franklin Square in West Hempstead, the Center caters to a variety of demographic populations.
- 24 Hour Access
- Bus Route
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
- Tenant Controlled HVAC
- Air Conditioning
DEMOGRAPHICS
Demographics
Nearby Major Retailers
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Lior Aldad -
Lior Aldad
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Retail Stores - Busy Long Island Strip Center | 490-520 Hempstead Tpke
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