Sunoco Gas Station - Absolute NNN — Sale in Hempstead, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Hempstead, NY 11550

Investment Figures

Cap rate
5.26%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the subject offering, a single-tenant net-leased Sunoco gas station located on Peninsula Boulevard in Hempstead (Long Island), New York. The lease is corporately guaranteed by Sunoco, LP, North America’s largest independent fuel distributor with $20 billion in annual revenue, and a market capitalization of $14.5 billion. Sunoco has been at this location since 1993, and they recently just extended their lease through 2030, with two (5) five-year options to renew. The lease calls for three percent annual increases. This is an absolute NNN lease with zero landlord responsibilities. The offering is a fee simple deal, and it is eligible for accelerated depreciation. The location has eight gas pumps and an A-Plus Convenience Store. The property rests on a 27,442 SF lot with three curb cuts for ingress and egress onto Peninsula Boulevard (40K+ vehicles per day traffic count). The site is strategically located right off Southern State Parkway, which averages traffic counts of more than 142,000 vehicles per day, and it is surrounded by local and national retailers such as Dunkin’, Taco Bell, McDonald’s, Aldi and TD Bank. The offering is also directly across the street from Hempstead High School, which enrolls more than 2,000 students. Hempstead is located in Nassau County in Long Island, it is the most heavily populated village in the state of New York, and the most populated municipality in all of Long Island. The offering is 21 miles from midtown Manhattan, and it presents the rare opportunity to acquire an absolute NNN leased asset in Metro NYC with a major credit tenant and three percent annual increases. Investment Highlights: • Single-Tenant Net-Leased Sunoco Gas Station Located on Peninusla Boulevard in Hempstead (Long Island), NY. Absolute NNN Lease - Zero Landlord Responsibilities. • Sunoco has Been Here Since 1993. They have a Corporate Guaranteed Leased Through 2030, With 3% Annual Increases. This is a Fee Simp

Market Context

This retail in Hempstead, NY is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Hempstead, NY — view the full market.

Contact

  • Scott Plasky
  • Billy Stephan IV

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