Building Details

Buildings 1

Tenancy Multi

Listing Agency: Marcus & Millichap - Manhattan s***@marcusmillichap.com Show Phone

Listed By: Scott Plasky · License #NY 40PL1176852

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 3:29AM

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Investment Insights

Based on property information with market context.

New construction retail property configured for two restaurant tenants on a corner site. The improvements include a drive-through and parking for 10 cars. Dunkin’ occupies one portion under a corporate-guaranteed lease extending through May 2031, with 2 x (5) five-year renewal options. Pizza Hut leases the second portion through September 2031 and also has 2 x (5) five-year renewal options. Lease structures include scheduled increases and tenant reimbursements for defined portions of real estate taxes and CAM.

The property is on Fulton Avenue in Hempstead, directly across from Hofstra University’s entrance and down the street from the campus. Hofstra has 11,000 students and just over 3,500 faculty members. Fulton Avenue traffic is reported at 54,000 vehicles per day, and the site is also near the planned Sands Casino and Entertainment Complex. Dunkin’ moved to the property from a nearby location to add drive-through service.

Key Highlights

• Two‑tenant retail property occupied by Dunkin’ and Pizza Hut
• Drive‑through service with parking for 10 cars
• Dunkin’ lease runs through May 2031 with 2 x (5) five‑year options

Property Analytics

Property Profile

Current Use

Baskin-Robbins Grocery & Convenience Store Professional Rug Cleaning Carpet Cleaning Service Dr. Thierry Abitbol Dental Office Dr. Robert Mollin Dental Office Yeranen Shabtai Dental Office

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Acupuncture Catering Service Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

54,000 VPD

Traffic count

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

908

Businesses Nearby

80k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 66% Shops & Services 34%

Popeyes Louisiana Kitchen Dining

17,402 visits/mo 0.1 miles

7-Eleven Shops & Services

11,634 visits/mo 0.4 miles

Burger King Dining

11,251 visits/mo 0.5 miles

Insomnia Cookies Dining

10,095 visits/mo 0.1 miles

Exxon Shops & Services

6,170 visits/mo 0.1 miles

Demographics for 11550, NY

61,901

Population

19,579

Households

3.2

Avg Household Size

36

Median Age

21%

College-Educated

77%

High-School Grad

4.2 sq mi

ZIP Area

14,738

Density / Sq Mi

$86,904

Median Household Income

$40,662

Median Earnings

$1,647

Median Rent

$446,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Newly built corner retail property with two established restaurant occupants, a drive-through lane, and on-site parking.

Where is this retail space located?

The property is located at 760 Fulton Ave Hempstead, NY.

What are key features of this property?

This property features: Two‑tenant retail property occupied by Dunkin’ and Pizza Hut; Drive‑through service with parking for 10 cars; Dunkin’ lease runs through May 2031 with 2 x (5) five‑year options