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