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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

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    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)
    (903) 316-9434
    Request Owner's contact information
    3041 Jericho Tpke East Northport, NY 11731
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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
    3041 Jericho Tpke East Northport, NY 11731
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