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Investment Highlights

  • The property is occupied by 7-Eleven under a NN lease corporately guaranteed by 7-Eleven, Inc.
  • More than 662,000 residents live within a five-mile radius of the site, with an average household income of $158,000.
  • The immediate trade area is anchored by a lineup of national tenants, including Stop & Shop, Home Depot, Old Navy, AutoZone, Chase Bank, & McDonald's.
  • 5+ years remaining on the base term, followed by four, five-year options and 10% rental increases every five years. 24/7 operations at this location.
  • The property is situated on Hempstead Turnpike at its intersection with Westminster Road, a heavily traveled corridor carrying more than 26,500 VPD.
  • Directly across the street, Heritage Westminster is a $212 million, 481,000-square-foot mixed-use development delivering 428 residential units

Executive Summary

Marcus & Millichap is pleased to exclusively present for sale 136 Hempstead Tpke, a net-leased 7-Eleven located in West Hempstead, NY. 136 Hempstead Turnpike presents the opportunity to acquire a single-tenant retail investment occupied by 7-Eleven under a net lease structure with a corporate guarantee from 7-Eleven, Inc. The property is positioned along Hempstead Turnpike, one of Nassau County’s primary commercial corridors, providing direct exposure to a heavily traveled retail artery and convenient access to the surrounding Long Island market.
The location benefits from established retail activity throughout the immediate trade area, including national retailers, service businesses, restaurants, financial institutions, and neighborhood shopping destinations. The property sits near the intersection of Hempstead Turnpike and Westminster Road, placing it within a mature commercial corridor that serves the surrounding residential communities of West Hempstead, Franklin Square, Hempstead, and neighboring Nassau County markets.
The investment is supported by a long-term tenant operating a 24-hour convenience store format. The lease includes approximately five years remaining in the current base term, followed by four additional five-year renewal options with scheduled rental increases. The corporate tenancy, established retail location, and visibility along a major roadway contribute to the asset’s positioning as a passive retail investment opportunity.
West Hempstead offers connectivity to the broader Long Island region through nearby parkways, arterial roadways, and access to the New York City metropolitan area. The surrounding customer base, established commercial environment, and continued consumer demand for convenience-oriented retail uses support the property's ongoing operation and market relevance.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,304 SF
Building Class
C
Year Built
2016
Price
$2,660,000
Price Per SF
$1,154.51
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.23 AC
Parking
7 Spaces (3.04 Spaces per 1,000 SF Leased)
Frontage
48’ on Hempstead Ave

Amenities

  • Corner Lot
  • Signalized Intersection
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100

Nearby Major Retailers

Tim Hortons
Flagstar
Banco Santander
Chase Bank
Starbucks
Stop & Shop
The Little Gym
Retro Fitness
Citibank
Toyota Of Hempstead

Property Taxes

Property Taxes

Parcel Number
2089-34-310-00-0310-0
Land Assessment
$3,165
Improvements Assessment
$1,813
Total Assessment
$4,978
  • Listing ID: 41443797

  • Date on Market: 7/27/2026

  • Last Updated:

  • Address: 136 Hempstead Tpke, West Hempstead, NY 11552

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