3041 Jericho TpkeElwood, NY 11731

This exceptional investment opportunity presents a fee-simple, Class A, 2,624 square foot, single-tenant retail property located at 3041 Jericho Turnpike, East Northport, NY 11731. The property is currently 100% occupied by a 7-Eleven, operating under an absolute NNN lease with a corporate guarantee, providing zero landlord responsibilities. The lease features a remaining term of approximately 7.4 years, expiring March 31, 2032, with a built-in 10% rent increase every five years, the next occurring in 2027. The current annual net operating income (NOI) is $264,632, resulting in a 5.50% cap rate. The property boasts a highly visible location on a hard signalized corner of Jericho Turnpike, a major thoroughfare with over 36,500 vehicles per day, and benefits from excellent accessibility. The surrounding area features a strong retail presence, including national brands such as Taco Bell, Starbucks, Walgreens, Trader Joe's, Whole Foods, Home Depot, Target, and AutoZone. This prime location is situated in a densely populated area of Long Island, NY, with a population of over 200,000 within a 5-mile radius. The tenant, 7-Eleven, holds an AA- S&P credit rating and operates over 68,000 locations nationwide. The asking price for this exceptional investment is $4,811,295. This is a rare opportunity to acquire a high-quality, low-maintenance, and highly profitable net lease investment.