Prime Central Nassau County Location: Rare Bethpage-area opportunity featuring highly sought-after, investment-grade grocery tenants.
Strong Tenant Retention: Minimal initial lease term offset by below-market rents from 1999-2002 & extremely rare availability of large footprint space in the area, lowering the likelihood of tenant turnover and relocation. Current & future option rents ensure both tenants long term viability when compared to very high relocation costs in today’s environment with respect to projected rents.
Aligned Lease Expirations: Tenant options structured to allow near-simultaneous expiration with the underlying ground lease.
Long-Term Control: Ground lease in place through 2049, providing 24 years of long-term stability.
Proven Tenant Performance: Both locations benefit from strong traffic counts – 48,045 VPD along Hempstead Turnpike and 31,016 VPD along Wantagh Avenue. Per Placer.ai, the 137,472 SF Target ranks in the top 10% of stores nationwide and top 11% in New York State, serving as a dominant traffic driver with high likelihood of renewal through the end of tenant options. The 59,333 SF Stop & Shop ranks in the top one-third of stores nationally, delivering steady grocery traffic that complements Target’s regional draw. Together, these anchors generate consistent, diversified customer visits, further supporting long-term income stability.
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