Retail Building in West Hempstead

156 Hempstead Turnpike, West Hempstead, NY

$1,300,000

Price

5.3%

Cap Rate

$68,945

NOI

Gallery
Street
Map
Overview
Cap Rate
5.3%
NOI
$68,945
Building Size
7,200 sqft
Lot Area
9,800 sqft
Occupancy
100%
Class
C
Lease Type
Modified Gross
Year Built
1957
Price Per Sqft
$180.56
Zoning
Commercial
Tenancy
Multiple
Investment Strategy
Opportunistic
Description

At this location is a fully-occupied retail building with 6 tenants. The tenants pay for their utilities and the property has a basement. This building is surrounded by various other retail such as 7-Eleven, Wendy's, KFC, BP Service Station, Cherry Valley Deli, Auto Repair Shops, & more.

Highlights
  • Fully-Occupied Retail Building with 6 Tenants
  • Below Market Rents with Potential to Increase Income Immediately
  • Tenants Pay for Their Utilities
  • Property Has a Basement
  • High Traffic Counts on Hempstead Tpke
Documents
Title
West_Hempstead__156-166_Hempstead_Tpke__Offering_Memorandum_.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery