46-50 Fulton Ave
17,500 SF 100% Leased Retail Building Hempstead, NY 11550 $15,392,283 CAD ($879.56 CAD/SF) 6.26% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased neighborhood strip center consisting of 11 tenants.
- Ample Parking with approximately 50 parking spaces.
- Strong traffic counts with approximately 20,000 vehicles per day.
- The majority of tenants have been operating at this location long term.
EXECUTIVE SUMMARY
Silber Investment Properties is pleased to exclusively represent 46-50 Fulton Ave Hempstead, NY. The property is fully leased and consists of 11 stores. Most of the tenants have been operating at the property for over 10 years. Located at a signalized traffic light the property sits on the SW corner of Fulton Ave and St Pauls Road S. Strong Demographics with over 230,000 people within a 3 mile radius. Strong Traffic Count with approx. 20,000 VPD. Ample Parking with approx 50 parking space.
Please call Amanda Gordon at 516 732 7079 to discuss further.
Please call Amanda Gordon at 516 732 7079 to discuss further.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,500 SF
Building Class
C
Year Built
1983
Price
$15,392,283 CAD
Price Per SF
$879.56 CAD
Cap Rate
6.26%
NOI
$964,207 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.95 AC
Zoning
C - Commercial
Parking
35 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalized Intersection
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2013-34-295-00-0049-0 | Improvements Assessment | $7,553 CAD |
| Land Assessment | $9,264 CAD | Total Assessment | $16,817 CAD |
