One Story Retail

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ONE STORY RETAIL BUILDING
152-154 Hempstead Tpke, W. Hempstead, NY 11552

PRICE $965,000
GLA 2,800 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 9.4%
LEASE TYPE NN
LEASE EXPIRATION Aug. 2020
YEAR BUILT 1972
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Offering Memorandum
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BRANDON HAKIMI
brandon@namdarllc.com
(516) 773-0080
DEMOGRAPHICS
1 – mi. – 22,928
3 – mi. – 243,677
5 – mi. – 663,883

Investment Highlights

  • Two commercial units occupied by one tenant (Abundant Life Christian Center)
  • Tenant has occupied half the space since 2009 and expanded into next door space in 2013
  • Tenant has executed two options since commencement
  • No management responsibilities except roof and structure (NN)
  • 2,800 SF property with basement
  • Located on a high traffic road
  • Located next to a brand new Mobile gas station
  • 5% annual increases in rent
  • Tenant is has made significant improvement to the interior spaces and basement
  • Basement is used for office and children’s playroom
  • To learn more about ALCC, visit their website at www.alccwinnershouse.org

City:West Hempstead
State:NY
Square Feet:2,800 SF
Price:$965,000
Cap Rate:9.4%

Listing Inquiry