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    OFF-MARKET
    Lifestyle centers

    968-984 Hempstead Tpke, Franklin Square, NY 11010

    20,277 SF Built 1947
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 14-unit shopping center ideally situated at the bustling intersection of Hempstead Turnpike and New Hyde Park Drive in Franklin Square, New York. The property boasts a total of 20,277 square feet of retail space, currently fully occupied, generating a substantial net operating income (NOI) of $416,320 and a compelling 6.40% capitalization rate. Offered at $6,499,999, the price per square foot is $320.56. Built in 1947, the center has undergone recent updates. Ample parking is available, with convenient street parking in front and a large shared lot in the rear. The property's prime location and strong tenant occupancy make it an attractive investment prospect. All figures are approximate and should be independently verified. The property is comprised of fourteen individual retail units. Further details regarding building class, number of floors, and lot size are not currently available. This is a multi-tenant property with a proven track record of success. The property's strong financial performance and desirable location make it a rare find in the competitive Franklin Square market. This is a turnkey investment ready for immediate income generation.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 1947
    Total area 20,277 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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