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    305 Rockaway Turnpike Lawrence, NY 11559

    Sponsored
    For Sale
    $2,775,000

    Circle A Convenience Store - Absolute NNN Lease

    Property size:
    1,900 SF

    Description

    Added:
    May 7, 2025
    Days on Market:
    245
    The subject offering is a single-tenant net-leased convenience store located on the corner of Rockaway Turnpike and Burnside Avenue in Lawrence (Long Island), NY. The property is leased to Circle A Deli on an absolute NNN lease that began in 2003 and runs through September 30, 2031. Circle A Deli has a 3% annual increase with no renewal options. The tenant is responsible for all expenses on this site, including all real estate taxes, insurance, maintenance, repairs and roof and structure. There are no landlord responsibilities on this property.

    The offering is located on the most heavily traveled corner in Lawrence. The site sits on a hard corner 9,888 SF lot (102’ x 97’) with dedicated parking for 12 cars and curb cuts on both Rockaway Turnpike and Burnside Avenue. The property is an outparcel to a 63K SF shopping center anchored by Pollo Campero, Planet Fitness, Dollar Tree and Advance Auto Parts. The site is surrounded by national retailers, and it benefits from traffic counts of approximately 81,000 vehicles per day.

    This is an opportunity to acquire a zero-management retail asset with a tenant that has been at this location for 22+ years. This is outstanding real estate that benefits from strong demographics and incredible daily traffic counts.

    Property Features for 305 Rockaway Turnpike

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,900 SF
    Price / Square Foot
    $1,460
    Elevators
    N/A
    Net Rentable
    1,900 SF

    HighLights

    • Single‑Tenant Net‑Leased Zero‑Management Conveneince Store That has Been at This Locations Since 2003, and has a NNN Lease That runs Through September 2031. Outstanding Corner Real Estate in Lawrence (Five Towns), NY. Property Benefits From 81K Vehicle Per Day Traffic Counts and the Site is Surrouned by National Retailers in Every Direction. Located on the Busiest Intersection in Lawrence. The Site has Parking for 12 Cars and it is an Outparcel to a 63K SF Shopping Center.
    Location Intelligence

    Current Use by Public Records

    Dylan Self Storage ... Storage Facility Circle A Convenience Store Convenience Store Big Deal Burger Hamburger Restaurant Wing Boss Chicken Wings Restaurant Lawrence Unisex Barber Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    State
    New York
    Longitude
    -73.7302854
    Latitude
    40.616317

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    FAQs

    What type of property is this?
    Individual retail property - Circle A Convenience Store - Absolute NNN Lease
    Where is this individual retail property located?
    The property is located at 305 Rockaway Turnpike Lawrence, NY.
    What is the asking price?
    The asking price for this property is $2,775,000.
    What are key features of this property?
    This property features: Single-Tenant Net-Leased Zero-Management Conveneince Store That has Been at This Locations Since 2003, and has a NNN Lease That runs Through September 2031. Outstanding Corner Real Estate in Lawrence (Five Towns), NY. Property Benefits From 81K Vehicle Per Day Traffic Counts and the Site is Surrouned by National Retailers in Every Direction. Located on the Busiest Intersection in Lawrence. The Site has Parking for 12 Cars and it is an Outparcel to a 63K SF Shopping Center.
    (212) 430-5229
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 Rockaway Turnpike Lawrence, NY 11559
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