238-248 Front St

Investment Highlights

Fully-Occupied Retail Strip in Hempstead, NY 127 Feet of Frontage on Front St On-Site Parking with 17 Spaces Tenants Pay for their Own Utilities High Traffic Counts: 21,870 Cars Per Day On the Corner of a Signalized Intersection

Executive Summary

At this location is a fully-occupied strip center with 6 tenants. The tenants pay for their own utilities. There is on-site parking with 17 spaces and the property has 127 feet of frontage on Front St. The property is located on the corner of a busy signalized intersection and is under one mile away from the West Hempstead Train Station.*Seller Financing is Available*

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Restaurant Storefront
• Building Size    15,128
• Building Class    C
• Year Built    1954
• Price    5,750,000
• Price Per SF    380
• Cap Rate    5.51
• NOI    316,883
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.71
• Land Acres    0.49 AC

• Signage
• Signalized Intersection