3993 Austin Blvd - Convenience Store FOR SALE


Island Park, NY 11558
$2,019,448 USD
631-360-4303
3993 Austin Blvd, Island Park, NY for Sale
$2,019,448 USD
Convenience Store - FOR SALE
1/4
null | 4.35% Cap Rate

3993 Austin Blvd
Island Park, NY 11558


HIGHLIGHTS

  • 7-Eleven Inc. has an investment grade credit rating (S&P: A)
  • High barriers to entry marketplace.
  • Significantly below market rent may enable the new investor with the opportunity to enhance future NOI. Two 5-year options remain with 10% escalations
  • Very well located at the TLC intersection of Austin Blvd & Georgia Ave and strong north south thoroughfare with traffic counts exceeding 36k VPD.
  • Strong Nassau County, Long Island area; densely populated & desirable demographics in the supporting towns of Island Park, Long Beach & Oceanside
  • Affluent neighborhood with a population of 106,355 residents with an average household income of $178,793 within a 3-mile radius

OVERVIEW

Introducing an exceptional investment opportunity - 7-Eleven NNN Convenience Store at 3993 Austin Boulevard, Island Park, Nassau County, NY. This property features a high-traffic location with over 36,000 vehicles passing daily. The one-story retail structure, built in 2003, sits on approximately 0.35 acres with 20 parking spaces. 7-Eleven, Inc. is currently in their first 5 year option until Oct 31, 2027 with a below-market NNN rent of $87,846 per year. They have 2 additional five year options with a 10% base rent escalation at the beginning of each option period. With a strong demographic profile and an affluent population base in the surrounding areas, this property offers a solid investment in the prime Nassau County, Long Island market. Highlights include 7-Eleven's investment-grade credit rating, below market NNN base rent, multiple lease extension options with escalations, and the tenant covering operating expenses. Don't miss this chance to acquire a property in a desirable location with excellent growth potential. Contact John Thomas at 631-360-4303 or jt@selectrealequity.com for more details on this lucrative 7-Eleven investment opportunity.

FOR SALE DETAILS

PRICE

$2,019,448 USD

PRICE/SF

$765 USD /SF

CAP RATE

4.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven NNN - LOW RENT - BUSY LOCATION

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,041 SF

ZONING

-

APN/PARCEL ID

2089-43-069-00-0042-0

ASK ABOUT THIS PROPERTY

John ThomasSelect Real Equity AdvisorsMore Info
631-360-4303

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John ThomasSelect Real Equity AdvisorsMore Info
631-360-4303

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