2 Contiguous Freestanding Retail Strips in Hempstead, NY

46 & 50 FULTON AVE, HEMPSTEAD, NEW YORK 11550

Executive Summary:

Price:	$11,999,999
Combined Building Size:	27,984 SF
Property Type:	Retail
Lot Size:	0.95 Acres
Year Built:	1983 / 2006
Cap Rate:	5.10%
NOI:	$612,144
Location:	46 & 50 Fulton Ave, Hempstead, NY 11550

Investment Highlights

For Sale: (2) Contiguous Freestanding Buildings in Hempstead, NY
Ample On-Site Parking with 35+ Spaces
Tenants Contribute Towards Water & Sanitation
Wide Frontage & Great Visibility on Fulton Ave
Surrounded by Various National Credit Retail Tenants such as AutoZone, T-Mobile, Chase Bank, Burger King, Five Below, KFC, Home Depot, & Many More
Located Within Walking Distance to the West Hempstead LIRR Train Station

Investment 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.

About Hempstead, NY

The Town of Hempstead is the largest of the three towns in Nassau County (alongside North Hempstead and Oyster Bay) on Long Island, in New York, United States. The town’s combined population was 793,409 at the 2020 census, which is the majority of Nassau County’s population. It’s the largest populated town in the United States.

It occupies the southwestern part of the county, on the western half of Long Island. Twenty-two incorporated villages (one of which is named Hempstead) are completely or partially within the town.

If Hempstead were to be incorporated as a city, it would be the second-largest in New York, behind New York City; it is about three times the size of Buffalo, which has long been the state’s second-largest city. It would be the 18th-largest city in the country, behind San Francisco, California, and ahead of Seattle, Washington. Hempstead is thus the most populous municipality in the New York metropolitan area outside New York City.

Hofstra University’s campus is located in Hempstead.