2921-2953 Hempstead Tpke

Investment Highlights

Incredible visibility and access on Hempstead Tpke. Extensive recent renovations for multiple restaurant users Shadow-anchored by Staples, PC Richard, Skechers, and Wren Kitchens Resilient and synergistic tenant mix including 7 restaurants! All municipal parking with extensive parking field in rear

Executive Summary

Prime Long Island multi-tenant retail property, on extremely busy retail and business corridor of Hempstead Tpke. in Levittown. The property is home to retail, food service, services, and entertainment tenants and is located in a combined development with shadow-anchors including Staples and PC Richard. Municipal parking lot, including huge rear parking field, maintained by town. Extensive bespoke improvements for recent tenants including IHop, Izumi, WingStop, and four additional restaurants.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    54,110
• Building Class    B
• Year Built    1985
• Price    22,500,000
• Price Per SF    416
• Cap Rate    5.87
• NOI    1,320,947
• Percent Leased    94
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.68
• Land Acres    1.83 AC

• Bus Line
• Dedicated Turn Lane
• Freeway Visibility
• Restaurant
• Security System
• Signage
• Signalized Intersection
• Tenant Controlled HVAC
• Accent Lighting
• Storage Space
• Recessed Lighting
• Air Conditioning