Building Details

Year Built 1925

Tenancy Single

Listing Agency: SIGNATURE PREMIER PROPERTIES Show Phone

Listed By: CARMELA MARRA Show Phone

Source: Corcoran

Added: Mar 5 Changed: Oct 27 Last Checked: Oct 28 at 8:58AM

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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.

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 / Yr

$41,654

Cap Rate

3.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$833,080 $833.1K

Cap Rate 7%

$595,057 $595.1K

Cap Rate 9%

$462,822 $462.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 900 SF

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 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 (±1% cap)

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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Vida Coffee Shop ... Cafe & Coffee Shop K W Kitchen ... Hardware & Home Improvement Column Nugent Law ... Law Firm Rsm Insurance Insurance Agency

Suggested Use

Top Pick Law Firm Parking Lot & Garage Hotel & Motel Storage Facility Acupuncture (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

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

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Renovated Corner Restaurant Building

902-904 Hempstead Tpke, Franklin Square, NY 11010

$1,118,000

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Italian Restaurant and Pizzeria

721 Franklin Avenue, Franklin Square, NY 11010

$675,000

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Similar Off Market Nearby

• Dolce Gelato — 220 Franklin Ave, Franklin Square, NY 11010
• Bonba que tiene baño — 579 hempstead turnpike, west hempstead, ny 11552
• Mr. Wish Franklin Square — 962 Hempstead Turnpike, Franklin Square, NY 11010
• Kung fu tea — 902 Hempstead Turnpike, Franklin Square, NY 11010
• NY Caffeine — 797 Hempstead Turnpike, Franklin Square, NY 11010

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