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2380-2384 Hempstead Tpke
East Meadow, NY 11554
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Security System
- Signage
- Storage Space
- Air Conditioning
ABOUT 2380-2384 HEMPSTEAD TPKE , EAST MEADOW, NY 11554
Calling All Investors!!! 8,600+ Sqft. 7 Unit Retail/ Office Building For Sale On Busy Hempstead Turnpike!!! Offered At An 8.78 Cap ($108 Per Sqft.) The Property Features Excellent Signage, Great Exposure, High Ceilings, Solis Tenants, Long Leases, +++!!! This Part Of Hempstead Turnpike Is Utilized 25,000-75,000 Cars Per Day. Neighbors Include McDonald’s, CVS, Bank Of America, AT&T, Mama Theresa’s, Walmart, Burger King, Walgreens, Panera, TD Bank, Checkers, Chase Bank, Nassau Medical Center, Mavis, Starbucks, 7-Eleven, +++!!! Roop Beauty: $25,920 Annual; Lease Exp. 8/1/2023; 3% Ann. Increase Smoke Shop: $31,200 Annual; M-M (They Want A 5 Year Lease) Tanning Salon: $24,000 Annual; Lease Exp. 3/1/2024; 3% Ann. Increase Tutor (Unit 201): $14,400 Annual; Exp. 7/1/2024; 3% Ann. Increase Contractor (Unit 202): $9,600 Annual; M-M Office (Unit 203): $12,000; M-M Computer Guy (Unit 204): $12,000 Annual; M-M Basement (Available): $20,000 Annual Gross Income: $149,120 Expenses: Oil: $4,100 Electric: $0 Maintenance & Repairs: $250 Insurance: $4,528 Taxes: $57,490 Water: $430 Total Expenses: $66,798 Net Operating Income (NOI): $82,322 (8.78 Cap!!!)
