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.