7-Eleven

Highlights

• Absolute NNN lease structure
• Single tenant, 100% occupancy
• 2,546 SF free-standing building
• Built in 2000, renovated in 2013
• Prime location in Farmingdale
• Zoned E for various retail uses
• Strong rental history and income
• Low maintenance investment opportunity

Description

Absolute Single Tenant Net Leased investment property for sale. 7-Eleven is responsible for all expenses related to the property including real estate taxes, insurance, and maintenance costs in addition to paying rent. The Landlord has no obligation regarding the properties operational costs. This investment property enjoys irreplaceable entitlements in a high barrier to entry market.

**Location Description**
This 7-Eleven store, situated at 1255 Melville Road in Farmingdale, New York, enjoys an advantageous location in a high-traffic area within the Village of Farmingdale. This sought-after location offers a mix of convenient amenities and local charm, making it an ideal choice for retail property investors. Just a short drive away, visitors can explore the picturesque Bethpage State Park or take in a round of golf at the prestigious Bethpage Black Golf Course. With easy access to major roadways and public transportation, the location is unreplaceable.

**Retail Environment and Nearby Amenities:**
The store is positioned within a vibrant retail hub, surrounded by a mix of both national chains and local businesses, ensuring steady customer flow. Some notable neighboring retailers include LA Fitness, Bob’s Discount Furniture, Target, Restaurant Depot, Verizon Wireless, Dunkin’ Donuts, and many more, making it a focal point of local commercial activity. Additionally, the Farmingdale State College, which boasts an enrollment of 8,648 students, is directly across from the 7-Eleven, providing a constant stream of potential customers. Northshore University Hospital, a significant healthcare facility with 806 beds, is located just two miles away, adding to the store’s strategic positioning.

**Traffic and Demographics:**
The surrounding area is densely populated, with about 70,561 residents living within a three-mile radius and over 334,000 individuals residing within a five-mile radius. The high visibility along Melville Road and Broadhollow Road contributes to robust traffic, with daily counts reaching 11,661 vehicles on Melville Road and 70,165 on Broadhollow Road.

**About Long Island:**
Long Island, well-known for its contributions to science and technology, hosts major research institutions like Brookhaven National Laboratory and Cold Spring Harbor Laboratory, both of which have made groundbreaking discoveries in physics and biology. The area has also attracted major tech companies such as Zebra Technologies and Computer Associates, which have turned Long Island into a tech hub. The region is also home to the largest industrial parks on the East Coast, the Hauppauge Industrial Park, employing over 71,000 people. Long Island’s culinary landscape reflects its diverse population, offering a range of ethnic cuisines including Italian, Asian, Jewish, and Latin American foods.

In summary, this 7-Eleven’s location within a thriving commercial zone, combined with the strong local demographics, robust traffic, and proximity to key points of interest, makes it a compelling opportunity.

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