3750-3850 Hempstead · Levittown, NY 11756 · Grocery / Big Box
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
Prime Central Nassau County Location Rare Bethpage-area opportunity featuring highly soughtafter, 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 2048, providing 23 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.
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
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Asking-market observation aggregated from public listing sources, last observed Sep 11, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.