Eight-Unit Retail Strip
755 Franklin Avenue Franklin Square, NY 11010
For Sale
Contact for pricing
For sale retail strip center with eight store units and an existing rent roll listed at $343,935.
Property Size7,915 SF
Price / SF$536.96
Days on Market97
Property Features for 755 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 7,915 SF
- Property subtype
- Retail
Listing Agency:
CENTURY 21 Sherlock Homes
Listed By:
Roger Hart · License #NY
Source:
Crexi
Added: Apr 20
Changed: Jul 23
Last Checked: Jul 24 at 11:50AM
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 CENTURY 21 Sherlock Homes
Investment Insights
Based on property information with market context.
This for-sale retail strip center includes eight store units within a single retail property. The rent roll is listed at $343,935, providing an established income snapshot for prospective buyers.
The property is located at 755 Franklin Avenue in Franklin Square, New York. For financial details, the seller requests inquiries by email.
The offering is presented as an 8-store retail strip center, offering a straightforward multi-unit configuration for ownership.
The property is located at 755 Franklin Avenue in Franklin Square, New York. For financial details, the seller requests inquiries by email.
The offering is presented as an 8-store retail strip center, offering a straightforward multi-unit configuration for ownership.
Key Highlights
- For sale 8‑store retail strip center on Franklin Avenue in Franklin Square
- Existing rent roll listed at $343,935
- Property includes eight store units
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.5k | $30.00 |
| − Vacancy | −$13.5k | −$1.71 |
| EGI | $223.9k | $28.29 |
| − OpEx | −$67.2k | −$8.49 |
| NOI | $156.7k | $19.80 |
7,915 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.24M
$1.96M – $2.61M
NOI $156,741 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.23M
$4.58M – $6.11M
NOI $366,326 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
What type of property is this?
Strip mall - For sale retail strip center with eight store units and an existing rent roll listed at $343,935.
Where is this strip mall located?
The property is located at 755 Franklin Avenue Franklin Square, NY.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: For sale 8‑store retail strip center on Franklin Avenue in Franklin Square; Existing rent roll listed at $343,935; Property includes eight store units
