Cushman & Wakefield Facilitates $7.5M Sale Of 7-Eleven Property In Huntington Station

The single-tenant net-leased property located at 360 East Jericho Turnpike in Huntington, NY has been sold. The property, a brand-new 7-Eleven, was purchased for $7,500,000 at an in-place cap rate of 4.33%. It features a 20-year corporate guarantee lease with four 5-year renewal options. Situated on the corner of E Jericho Turnpike, the property benefits from its prominent location on one of Suffolk County's busiest corridors. It includes 8 gas pumps and 3 ingress/egress entrances, making it easily accessible to customers.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,500,000
• Size: 3,043 square feet
• Price per Square Foot: $2,465
• Address: 360 East Jericho Turnpike, Huntington Station
• Market: Huntington Station

Cushman & Wakefield’s Long Island Capital Markets facilitated the sale of the property. The seller, Villadom Corp, entrusted the transaction to brokers Daniel Abbondandolo, Joegy Raju, Rob Cullen, Joe Musso, and Victor Little from Cushman & Wakefield. This successful deal highlights the strong demand for prime single-tenant net leased assets on Long Island. The developer's ability to secure a 20-year lease for the 7-Eleven property creates a rare investment opportunity.

For more information, please contact Dan Abbondandolo at 516-375-6336 or via email at [email protected].