3041 Jericho Tpke - Convenience Store FOR SALE


East Northport, NY 11731
$4,500,000 USD
214-692-2191
3041 Jericho Tpke, East Northport, NY for Sale
$4,500,000 USD
Convenience Store - FOR SALE
1/3
null | 5.88% Cap Rate

3041 Jericho Tpke
East Northport, NY 11731


HIGHLIGHTS

  • Absolute NNN Lease – Zero landlord responsibilities
  • Built-In Rent Growth – 10% rental increase on 4/1/2027 with ±7.2 years remaining on the lease
  • Strong Tenant – Corporate guarantee from 7-Eleven Inc. (68,000+ Locations and S&P Credit Rating: AA-)
  • Prime Location – Hard signalized corner on Jericho Turnpike with 36,500+ daily vehicles
  • Densely Populated Area – Over 200,000 residents within a 5-mile radius
  • Affluent Community – East Northport, NY features strong demographics and high consumer spending

OVERVIEW

Matthews Real Estate Investment Services™ is pleased to present the exclusive listing of 3041 Jericho Turnpike, East Northport, NY, a prime 7-Eleven convenience store investment opportunity. This well-established property features a strong corporate tenant with 7.2 years remaining on the lease and no option periods, creating a unique opportunity for both investors and operators. The lack of renewal options allows for greater flexibility at lease expiration, offering the potential for repositioning, renegotiation, or redevelopment to maximize value. Strategically located in a high-traffic area, the property benefits from excellent visibility and accessibility, making it a valuable asset in a thriving commercial corridor. With a nationally recognized tenant in place and future upside potential, this offering presents an attractive investment for forward-thinking buyers. Absolute NNN Lease – Zero landlord responsibilities Built-In Rent Growth – 10% rental increase on 4/1/2027 with ±7.2 years remaining on the lease Strong Tenant – Corporate guarantee from 7-Eleven Inc. (68,000+ Locations and S&P Credit Rating: AA-) Prime Location – Hard signalized corner on Jericho Turnpike with 36,500+ daily vehicles Densely Populated Area – Over 200,000 residents within a 5-mile radius High-Traffic Retail Corridor – Surrounded by national brands such as Taco Bell, Starbucks, Walgreens, Trader Joe’s, Whole Foods, Home Depot, Target, Autozone, and more Affluent Community – East Northport, NY features strong demographics and high consumer spending

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$1,715 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C6

APN/PARCEL ID

0400-217-00-02-00-084-000

ASK ABOUT THIS PROPERTY

Lee CordovaMatthews Real Estate Investment ServicesMore Info
214-692-2191

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Lee CordovaMatthews Real Estate Investment ServicesMore Info
214-692-2191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.