Map of Property

Citibank

For Sale

31 Main Street, Hempstead, NY 11550

This Hempstead property for sale is located at 31 Main Street. The current listed sale price for Citibank is $3,466,000. Citibank is situated on a lot that is 0.29 acre in size.

Contacts

broker
Kyle Fant

SRS Real Estate Partners

broker
Britt Raymond

SRS Real Estate Partners

Property Details

  • Property Type Retail
  • Property Size 5,767 SF
  • Lot Size 0.29 Acre
  • Cap Rate % 5.5
  • Date Updated May 7, 2025
  • Visibility/Traffic Count (VPD) 30,500

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Citibank investment property located in Hempstead, New York. The tenant recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure making it an ideal, low-management investment opportunity for a passive investor. As of July, 2024, Citibank operated 663 branches primarily in the United States. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

The subject property is located near the signalized, hard corner intersection of Main St and State Hwy 24 with a combined 30,500 VPD.

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Getting around

  • 92/100

    Walk Score ®

  • 62/100

    Transit Score ®

  • 58/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Hempstead, NY
  • Neighborhood Hempstead
  • Zip Code 11550
  • Market Long Island

Points of Interest

  • Taxi Latino

    0.22 miles

  • Hempstead

    0.35 miles

  • Overpass

    0.40 miles

  • West Hempstead Station

    0.93 miles

  • Platform B

    1.34 miles

  • Platform A

    1.35 miles

  • Underpass

    1.37 miles

  • Hempstead Gardens

    1.42 miles

  • Ramp

    1.45 miles

  • Lakeview

    2.08 miles

  • Exxon

    0.28 miles

  • 7-Eleven

    0.57 miles

  • Valero

    0.59 miles

  • BP

    0.72 miles

  • Conoco

    0.75 miles

  • Mobil

    0.79 miles

  • ChargePoint

    1.37 miles

  • General Electric

    2.28 miles

  • 01

    2.58 miles

  • 02

    2.58 miles

  • Town of Hempstead Employee Parking

    0.18 miles

  • Parking Field 16

    0.23 miles

  • Lot Field 7

    0.27 miles

  • North Parking

    1.38 miles

  • West Parking

    1.42 miles

  • Faculty Parking

    1.42 miles

  • GC Hotel Parking

    1.48 miles

  • South Parking

    1.51 miles

  • Lot U2

    1.67 miles

  • Lot U1

    1.69 miles

  • Rincon Dominicano

    0.08 miles

  • El Mariachi Loco

    0.08 miles

  • Thanksgiving Restaurant

    0.09 miles

  • Linda's Restaurant

    0.10 miles

  • Main Street Fish & Chip

    0.11 miles

  • Tres Sabores Restaurant

    0.12 miles

  • Mi Tierrita

    0.13 miles

  • El Sabor Del Chef

    0.13 miles

  • Golden House

    0.14 miles

  • El Ajicito

    0.16 miles

  • V & C Supermarket

    0.09 miles

  • TJ Maxx

    0.14 miles

  • Key Food

    0.27 miles

  • Bravo

    0.34 miles

  • Stop N Shop

    0.41 miles

  • I & D Glatt

    1.11 miles

  • National

    1.35 miles

  • C-Town

    1.70 miles

  • Cherry Valley Marketplace

    1.74 miles

  • Burlington

    1.82 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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