238-248 Front Street, Hempstead, NY
100% Leased Neighborhood Retail | Durable Cash Flow | 6.3-Year WALT
Marketing description
Cushman & Wakefield is pleased to exclusively present 238-248 Front Street, Hempstead, NY, a 100% leased, multi-tenant neighborhood retail strip totaling approximately 13,850 square feet. The Property is leased to a diversified mix of service-oriented and food & beverage tenants, providing immediate, in-place cash flow supported by daily-needs demand and strong tenant engagement. With a 6.3-year weighted average lease term, the tenancy profile delivers durable income, limited near-term rollover exposure, and reduced cash flow volatility.
Located along Front Street in the Village of Hempstead, the Property benefits from a dense surrounding residential base, proximity to municipal and institutional anchors, and convenient access to regional transportation. The offering represents an opportunity to acquire a fully stabilized retail asset at an attractive basis relative to recent comparable sales, with predictable income, limited management intensity, and long-term downside protection within an active Nassau County retail corridor.
Investment highlights
- 100% Leased Neighborhood Retail Asset - Fully occupied, multi-tenant retail strip with in-place income and no lease-up risk at closing.
- Durable Cash Flow with 6.3-Year WALT - Long weighted average lease term provides predictable income and limited near-term rollover exposure.
- Diversified, Service-Oriented Tenant Mix - Tenancy anchored by food & beverage, personal services, and daily-needs retail users, supporting consistent foot traffic and reduced e-commerce sensitivity.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
