7-Eleven 1 Jerusalem Ave 2,995 SF Retail Building Hempstead, NY 11550 $3,882,060 CAD ($1,296.18 CAD/SF) 5.50% Cap Rate
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
$3,882,060 CAD
Price Per SF
$1,296.18 CAD
Cap Rate
5.50%
NOI
$213,513 CAD
Tenancy
Single
Building Height
1 Story
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 | $7,272 CAD |
| Land Assessment | $4,350 CAD | Total Assessment | $11,622 CAD |
