Turn-Key Coffee
For Sale
$1,200,000
882 Hempstead Turnpike, Franklin Square, NY 11010
Renovated cafe with private parking and fully included equipment, furniture, and decor, plus basement storage.
Property Size900 SF
Price / SF$1,333
Days on Market183
Property Features for 882 Hempstead Turnpike
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$21,000
Amenities
Central air
Ductless Cooling
Electric Heating
On Street
Parking Lot
Building Details
Year Built
1925
Tenancy
Single
Listing Agency:
SIGNATURE PREMIER PROPERTIES
(516) 741-4333
Listed By:
CARMELA MARRA
(516) 987-4900
Source:
Corcoran
Added: Mar 5
Changed: Sep 3
Last Checked: Sep 2 at 7:44PM
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 SIGNATURE PREMIER PROPERTIES
Investment Insights
Based on property information with market context.
Vida Coffee Shop is offered as a turn-key specialty cafe built around a Colombian “Vida—Life” concept with botanical décor and greenery. The space is described as beautifully renovated and equipped for efficient daily operations, with all equipment, furniture, and decor included and owned outright. The café includes approximately 900 square feet of main space plus a full basement for storage. Operation is described as straightforward, with staffing of about two employees per shift, and current operating hours listed as 9AM–5PM.
The business is located at 882 Hempstead Turnpike in Franklin Square, NY, positioned on a high-traffic corner lot with private parking.
For sale with an existing triple net lease of $4,580 per month, which is stated to include rent, taxes, and utilities, and a 5-year term with renewal options. The landlord is described as willing to transfer the lease or offer a new lease. The seller notes the shop has been operating for about two years, and while current operations run during standard daytime hours, there is an opportunity to consider extended hours and additional customer channels such as delivery apps and catering.
The business is located at 882 Hempstead Turnpike in Franklin Square, NY, positioned on a high-traffic corner lot with private parking.
For sale with an existing triple net lease of $4,580 per month, which is stated to include rent, taxes, and utilities, and a 5-year term with renewal options. The landlord is described as willing to transfer the lease or offer a new lease. The seller notes the shop has been operating for about two years, and while current operations run during standard daytime hours, there is an opportunity to consider extended hours and additional customer channels such as delivery apps and catering.
Key Highlights
- Renovated Vida Coffee Shop at 882 Hempstead Turnpike (Franklin Square) on a high‑traffic corner lot with private parking
- Approx. 900 SF cafe plus full basement storage
- All equipment, furniture, and decor included and owned outright
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
$41,654
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
3.47%
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%
$833,080
$833.1K
Cap Rate 7%
$595,057
$595.1K
Cap Rate 9%
$462,822
$462.8K
Market Conditions
NOI Build-Up for 900 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
$59.4K $66.00/SF
− Vacancy
−$3.9K −$4.29/SF
EGI
$55.5K $61.71/SF
− OpEx
−$13.9K −$15.43/SF
NOI
$41.7K $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%
$833,080
Cap Rate 7%
$595,057
Cap Rate 9%
$462,822
Alternative Uses
Best Use
Specialty Retail
$595.1K
$520.7K – $694.2K
NOI $41,654 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,402
Businesses Nearby
127k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 35%
Groceries 15%
Electronics 2%
Holiday Farms Supermarket
Groceries
19,573 visits/mo
0.4 miles
Wendy's
Dining
18,720 visits/mo
0.2 miles
Exxon
Shops & Services
14,647 visits/mo
0.4 miles
Taco Bell
Dining
12,993 visits/mo
0.2 miles
BP
Shops & Services
9,732 visits/mo
0.4 miles
Demographics for 11010, NY
25,013
Population
8,577
Households
2.9
Avg Household Size
44
Median Age
40%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
10,422
Density / Sq Mi
$140,686
Median Household Income
$58,584
Median Earnings
$2,096
Median Rent
$647,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coffee shop - Renovated cafe with private parking and fully included equipment, furniture, and decor, plus basement storage.
Where is this coffee shop located?
The property is located at 882 Hempstead Turnpike Franklin Square, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Renovated Vida Coffee Shop at 882 Hempstead Turnpike (Franklin Square) on a high‑traffic corner lot with private parking; Approx. 900 SF cafe plus full basement storage; All equipment, furniture, and decor included and owned outright
