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3993 Austin Blvd
Island Park, NY 11558

$2,019,448 USD

Convenience Store For Sale  •  2,640 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 2,640 SF
  • Lot Size 0.35 AC
  • Building Class C
  • Year Built 2003
  • Cap Rate 4.35 %
  • Tenancy Single
0 Transit Score
59 Walk Score

Highlights

7-Eleven Inc. has an investment grade credit rating (S&P: A)
High barriers to entry marketplace.
Significantly below market rent may enable the new investor with the opportunity to enhance future NOI. Two 5-year options remain with 10% escalations
Very well located at the TLC intersection of Austin Blvd & Georgia Ave and strong north south thoroughfare with traffic counts exceeding 36k VPD.
Strong Nassau County, Long Island area; densely populated & desirable demographics in the supporting towns of Island Park, Long Beach & Oceanside
Affluent neighborhood with a population of 106,355 residents with an average household income of $178,793 within a 3-mile radius

Property Flyers

Cap Rate: 4.35 %

Amenities

  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
Island Park Station (Long Beach Branch - Long Island Rail Road) 2 min - 1.3 mi
Oceanside Station (Long Beach Branch - Long Island Rail Road) 4 min - 2.2 mi
AirportDriveWalkDistance
John F Kennedy International 22 min - 13.3 mi
Laguardia 32 min - 20.2 mi
Newark Liberty International 59 min - 40.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
John Thomas 631-360-4303 Select Real Equity Advisors
John Thomas 631-360-4303 Select Real Equity Advisors