East Meadow Strip Center | 2552-2566 Hempstead Tpke
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
East Meadow Strip Center 2552-2566 Hempstead Tpke
11,500 SF 100% Leased Retail Building East Meadow, NY 11554 $4,200,000 ($365/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Small strip retail on heavily trafficked road
EXECUTIVE SUMMARY
Built-in increases raise the base rent $20,000 over the next two years.
Taxes are protested and attorney expects to have them decreased.
Rents are low for this area.
Plenty of upside.
Taxes are protested and attorney expects to have them decreased.
Rents are low for this area.
Plenty of upside.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$353,625
|
$30.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$135,145
|
$11.75
|
| Net Operating Income |
$218,480
|
$19.00
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $353,625 |
| Annual Per SF | $30.75 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $135,145 |
| Annual Per SF | $11.75 |
| Net Operating Income | |
|---|---|
| Annual | $218,480 |
| Annual Per SF | $19.00 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,500 SF
Building Class
B
Year Built
1950
Price
$4,200,000
Price Per SF
$365
Cap Rate
5.20%
NOI
$218,480
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.59 AC
Parking
25 Spaces (2.17 Spaces per 1,000 SF Leased)
Frontage
146 FT on Hempstead Tpke
ABOUT 2552-2566 HEMPSTEAD TPKE , EAST MEADOW, NY 11554
ONE STORY MASONRY BUILDING - 9 STORES
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Funtazia World
- -
- 1,265 SF
- -
- -
- L.Lotus Day Spa
- -
- 1,265 SF
- -
- -
- Lucky China Fast Food Inc
- -
- 1,265 SF
- -
- -
- Raging Bull Pub Inc
- -
- 1,265 SF
- -
- -
- Tiffin Meals Indian Restaurant
- -
- 1,265 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Funtazia World | - | 1,265 SF | - | - | ||
| L.Lotus Day Spa | - | 1,265 SF | - | - | ||
| Lucky China Fast Food Inc | - | 1,265 SF | - | - | ||
| Raging Bull Pub Inc | - | 1,265 SF | - | - | ||
| Tiffin Meals Indian Restaurant | - | 1,265 SF | - | - |
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
East Meadow Strip Center | 2552-2566 Hempstead Tpke
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.