Retail Building in West Hempstead, NY

156-166 HEMPSTEAD TPKE, WEST HEMPSTEAD, NEW YORK 11552

Executive Summary:

Price:	$1,300,000
Building Size:	7,200 SF
Property Type:	Retail
Lot Size:	0.23 Acres
Year Built:	1957
Cap Rate:	5.30%
NOI:	$68,945
Location:	156-166 Hempstead Tpke, West Hempstead, NY 11552

Investment Highlights

Fully-Occupied Retail Building with 6 Tenants
Below Market Rents with Potential to Increase Income Immediately
Tenants Pay for Their Utilities
Property Has a Basement
High Traffic Counts on Hempstead Tpke
Located Within Walking Distance to the West Hempstead Train Station (0.3 Mile Away)
n6 Bus Stop is Located in Front of the Property
Surrounded by Various Other Retail Such as 7-Eleven, Wendy’s, KFC, BP Service Station, Cherry Valley Deli, Auto Repair Shops, & More

Investment Summary

American Investment Properties is retained to sell the property located at 156-166 Hempstead Tpke, West Hempstead. At this location is a fully-occupied retail building with 6 tenants.

The tenants pay for their utilities and the property has a basement. This building is surrounded by various other retail such as 7-Eleven, Wendy’s, KFC, BP Service Station, Cherry Valley Deli, Auto Repair Shops, & more.

About West Hempstead, NY

West Hempstead is a hamlet and census-designated place in the Town of Hempstead in Nassau County, on Long Island, in New York, United States. The population was 19,835 at the time of the 2020 census. It is an unincorporated area in the Town of Hempstead and is represented by Councilman Edward Ambrosino. The residents in the hamlet had once unsuccessfully proposed to change their hamlet’s name to Mayfair Park.

West Hempstead is easily accessed from the Southern State Parkway at Exit 17N. The West Hempstead Union Free School District currently operates 5 schools; 1 kindergarten, 2 elementary, 1 middle school, and 1 high school. West Hempstead’s name reflects upon the fact that it is located immediately west of the Village of Hempstead.