46-50 Fulton Ave
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46-50 Fulton Ave
27,984 SF 100% Leased Retail Building Hempstead, NY 11550 $11,999,999 ($429/SF) 5.10% Cap Rate
Investment Highlights
- For Sale: (2) Contiguous Freestanding Buildings in Hempstead, NY
- Tenants Contribute Towards Water & Sanitation
- Surrounded by Various National Credit Retail Tenants such as AutoZone, T-Mobile, Chase Bank, Burger King, Five Below, KFC, Home Depot, & Many More
- Ample On-Site Parking with 35+ Spaces
- Wide Frontage & Great Visibility on Fulton Ave
- Located Within Walking Distance to the West Hempstead LIRR Train Station
Executive Summary
American Investment Properties is retained to sell the properties located at 46 & 50 Fulton Ave, Hempstead, NY. At this location are (2) contiguous freestanding retail buildings. There is ample on-site parking with 35+ spaces and the tenants contribute towards water & sanitation.
There is also wide frontage & great visibility on Fulton Ave. This is surrounded by various national credit retail tenants such as AutoZone, T-Mobile, Chase Bank, Burger King, Five Below, KFC, Home Depot, & many more.
There is also wide frontage & great visibility on Fulton Ave. This is surrounded by various national credit retail tenants such as AutoZone, T-Mobile, Chase Bank, Burger King, Five Below, KFC, Home Depot, & many more.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,984 SF
Building Class
C
Year Built
1983
Price
$11,999,999
Price Per SF
$429
Cap Rate
5.10%
NOI
$612,144
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Land Acres
0.95 AC
Zoning
Commercial
Parking
35 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $12,324 | |
| Land Assessment | $11,858 | Total Assessment | $24,182 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$11,858
Improvements Assessment
$12,324
Total Assessment
$24,182
-
Ron Koenigsberg -
Dawn Gingold -
American Investment Properties, Inc.
(516) 393-2300
x101
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46-50 Fulton Ave
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