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    1 Jerusalem Ave Hempstead, NY 11550

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    For Sale
    $2,700,000

    Long-term NNN lease guaranteed by 7-Eleven in Hempstead, NY.

    Property size:
    2,995 SF
    Lot size:
    0.47 Acres

    Property Features for 1 Jerusalem Ave

    General Information

    Size
    2,995 SF
    Lot size
    0.47 Acres

    Source: NNN Pro Group Agent Richard Nardi

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

    Overview

    7-Eleven NNN Investment Opportunity

    This property is a long-term NNN investment opportunity with 9 years of term remaining on an original 15-year lease, and includes four 5-year extension options. The lease is corporate guaranteed by 7-Eleven, Inc., which holds an A-rated credit (S&P). The property operates as a gas station and convenience store, featuring a gas station with 4 gasoline pumps and a 2,995 square foot convenience store. It is located at a lighted intersection in a population-dense neighborhood and retail corridor, en route to retail outlets such as Roosevelt Field Mall. The lease includes 10% escalations every 5 years during the option period.
    Insight Report Location Intelligence

    Current Use by Public Records

    7-Eleven Convenience Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.616428
    Latitude
    40.70129

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    FAQs

    What type of property is this?
    Gas station - Long-term NNN lease guaranteed by 7-Eleven in Hempstead, NY.
    Where is this gas station located?
    The property is located at 1 Jerusalem Ave Hempstead, NY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Long-term NNN investment with 9 years remaining on an original 15-year lease and four 5-year extension options.; - Corporate guaranteed asset with lease guaranteed by 7-Eleven, Inc. (A-rated credit by S&P).; - Gas station and convenience store model provides diversified revenue streams.
    (332) 345-2408
    Request Owner's contact information
    1 Jerusalem Ave Hempstead, NY 11550
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    Hempstead, NY 11550
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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
    1 Jerusalem Ave Hempstead, NY 11550
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