SP Capital is delighted to present an exclusive investment opportunity in the thriving community of Baldwin, New York, located on picturesque Long Island. This property encompasses a 2,700-square-foot retail building, which is currently under lease to the nationally recognized retail giant, 7-Eleven, on a net lease agreement that extends through 2029.
The lease terms provide added confidence for investors, with 7-Eleven holding three five-year options to renew and offering 10% rental increases every five years. While the property is subleased to Baldwin Smoke Shop, it's important to note that the corporate guarantee from 7-Eleven remains firmly in place, ensuring a steady and secure income stream for the discerning investor.
Key Property Features:
Size and Stability: A well-maintained 2,700-square-foot retail building, providing a consistent and reliable source of income.
Blue-Chip Tenant: 7-Eleven, an internationally recognized brand, is the anchor tenant, delivering strong brand stability and nationwide presence.
Lease Details: The lease agreement extends through 2029, with multiple renewal options and rent escalations in place, offering a secure income stream with built-in growth potential.
Prime Location: Positioned at the prominent intersection of Miller Pl and Grand Ave, this property enjoys high visibility and accessibility. It's just minutes away from a wide range of amenities, including restaurants, shops, markets, schools, parks, residential neighborhoods, Sunrise Highway, and the Long Island Rail Road (LIRR).
This exclusive listing presents a unique opportunity to acquire a stable and income-generating property with the assurance of a trusted tenant and favorable lease terms. Whether you're an experienced investor seeking to diversify your portfolio or someone looking for a secure and hassle-free investment, this property offers the ideal solution.