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3041 Jericho Tpke East Northport, NY 11731

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For Sale
$3,800,000

NNN leased 7-Eleven with corporate guarantee and rent increases.

Property size:
2,624 SF
Lot size:
0.32 Acres

Property Features for 3041 Jericho Tpke

General Information

Size
2,624 SF
Lot size
0.32 Acres

Source: Matthews Real Estate Investment Services | Dallas Agent Lee Cordova

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Leased 7-Eleven Investment

This property is an absolute NNN leased investment opportunity with zero landlord responsibilities. The tenant, 7-Eleven, provides a corporate guarantee. The lease has an 8-year term remaining with 10% rent increases every five years; the next increase is scheduled for 2027. 7-Eleven has a high credit rating and operates over 68,000 locations, with an S&P credit rating of AA-. The property is located on a hard signalized corner with traffic volume exceeding 36,500 vehicles per day. It offers excellent accessibility off Jericho Turnpike and Verleye Avenue, with Jericho Turnpike serving as the main highway through East Northport. The property benefits from its location in a dominant retail corridor on Jericho Turnpike, surrounded by major retail tenants such as Taco Bell, Starbucks, Walgreens, Trader Joe’s, Whole Foods, Home Depot, Target, and AutoZone. Situated in East Northport, NY, on Long Island, the property is within a 5-mile radius of a population exceeding 200,000. The property size is 2,624 square feet.
Insight Report Location Intelligence

Current Use by Public Records

7-Eleven Convenience Store Western Union Money Transfer Service ATM 7ELEVEN, INC. Bank Amazon Hub Locker ... Mailing Service

Suggested Use

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

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

Similar Places Nearby

Dix Hills Farm

Location Insight

  • Map
  • Local Demand
City
East Northport
County
Suffolk
State
New York
Longitude
-73.321001
Latitude
40.840609

FAQs

What type of property is this?
Grocery and convenience store - NNN leased 7-Eleven with corporate guarantee and rent increases.
Where is this grocery and convenience store located?
The property is located at 3041 Jericho Tpke East Northport, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: - Absolute NNN lease: Zero landlord responsibilities; - Corporate Guarantee: 7-Eleven; - High Credit Rating: AA- (S&P)
More about this property
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