7-Eleven Convenience
For Sale
Contact for pricing
136 HEMPSTEAD TPKE, West Hempstead, NY 11552
Net-leased convenience store built in 2016.
Property Size2,304 SF
Price / SF$1,154
Days on Market11
Property Features for 136 HEMPSTEAD TPKE
General Information
Standard status
Active
Size
2,304 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$133,100
Building Details
Year Built
2016
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Manhattan
(212) 430-5196
Listed By:
Michael Tuccillo · License #NY 10401244358
Source:
Crexi
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 3 at 3:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This 2,304-square-foot convenience store is occupied by 7-Eleven under a net lease. The building was constructed in 2016 and is located at 136 Hempstead Tpke in West Hempstead, New York.
The property is offered for sale as a single-tenant grocery and convenience store asset. Its established branded occupancy, documented net-lease structure, and recent construction date define the offering.
The property is offered for sale as a single-tenant grocery and convenience store asset. Its established branded occupancy, documented net-lease structure, and recent construction date define the offering.
Key Highlights
- 7‑Eleven net‑leased convenience store
- 2,304‑square‑foot building
- Constructed in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,132,700
$2.1M
Cap Rate 7%
$1,523,357
$1.5M
Cap Rate 9%
$1,184,833
$1.2M
Market Conditions
NOI Build-Up for 2,304 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$152.1K $66.00/SF
− Vacancy
−$9.9K −$4.29/SF
EGI
$142.2K $61.71/SF
− OpEx
−$35.5K −$15.43/SF
NOI
$106.6K $46.28/SF
Area
Nassau County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,132,700
Cap Rate 7%
$1,523,357
Cap Rate 9%
$1,184,833
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,635 @ 7.0% cap · market cap 4.01%
Second Best
Retail
$651.8K
$570.3K – $760.4K
NOI $45,626 @ 7.0% cap · market cap 1.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
187k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 40%
Apparel 6%
Dollar Tree
Shops & Services
30,973 visits/mo
0.2 miles
Shell
Shops & Services
20,198 visits/mo
0.0 miles
Wendy's
Dining
16,656 visits/mo
0.1 miles
Dunkin' Donuts
Dining
16,188 visits/mo
0.3 miles
White Castle
Dining
13,199 visits/mo
0.2 miles
Demographics for 11552, NY
24,903
Population
7,736
Households
3.2
Avg Household Size
40
Median Age
47%
College-Educated
93%
High-School Grad
3.5 sq mi
ZIP Area
7,115
Density / Sq Mi
$153,192
Median Household Income
$58,371
Median Earnings
$3,185
Median Rent
$615,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Super mercado — 146 Fulton Ave, Hempstead, NY 11550
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Net-leased convenience store built in 2016.
Where is this grocery and convenience store located?
The property is located at 136 HEMPSTEAD TPKE West Hempstead, NY.
What is the asking price?
The asking price for this property is $2,660,000.
What are key features of this property?
This property features: 7‑Eleven net‑leased convenience store; 2,304‑square‑foot building; Constructed in 2016
