Investment Overview

The subject offering is a 4,208-square-foot, two-tenant retail property located on Fulton Avenue in Hempstead (Long Island), NY. The property is 100 percent occupied by two national tenants: Insomnia Cookies and Fresh Dining Concepts (the largest franchisee in the country for Carvel, Cinnabon and Auntie Anne’s). Both tenants recently executed brand-new 10-year NN leases with three percent annual increases. This is a corner property with a drive-thru that rests on a 13,543-square-foot lot with a dedicated parking lot for 19 cars. Fulton Avenue is the most heavily traveled roadway in Hempstead. The site is surrounded by national retailers, and it is located right down the street from the entrance to Hofstra University. The offering is comprised of two separate tax lots. These are true NN leases; the tenants are responsible for all taxes, insurance, and CAM. The landlord is only financial responsibilities are for Roof & Structure. Insomnia Cookies occupies 800 square feet, all on the ground floor. They have a three percent annual increase beginning 3/30/2025. They are responsible for their proportionate share of all CAM and Taxes. Fresh Dining Concepts operates Auntie Anne’s and Cinnabon out of this location. They have a drive-thru, and they are responsible for their proportionate share of CAM and Taxes. They also have a three percent annual increase. Fresh Dining Concepts occupies 1,675 square feet on the ground floor, and the entire 1,733 square feet on the second floor (storage and offices).