2885 Grand Ave Baldwin, NY 11510

This exceptional investment opportunity presents a 579-square-foot convenience store in Baldwin, NY, boasting a brand-new, 19.1-year absolute NNN lease with Farm Stores (Farm Stores Franchising LLC), commencing January 1, 2021, and expiring January 31, 2040. The property, situated on a 0.15-acre lot (APN: 54-275-00-0227), enjoys a 100% occupancy rate and generates a substantial net operating income (NOI) of $107,313, translating to a compelling 5.75% cap rate. The asking price is $1,866,000, or $3,222.80 per square foot. This strategically located store benefits from high visibility on a major thoroughfare in Baldwin, serving a densely populated area with an average household income exceeding $130,000 within a 5-mile radius. The lease includes 2.5% annual rent increases, minimizing landlord responsibilities and ensuring long-term financial stability. The tenant, a well-established convenience store chain with over 70 locations, experienced a 45% sales surge during the pandemic, highlighting the resilience and demand for this essential retail model. This presents a rare opportunity to acquire a secure, high-performing NNN investment within the New York City metropolitan area, offering significant long-term growth potential and minimal management overhead. The property's strong fundamentals, coupled with the tenant's proven track record and aggressive expansion plans, make this a truly exceptional investment prospect.