Map of Property

Citibank

31 Main Street, Hempstead, NY 11550

  • For Sale $3,466,000
  • 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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Kyle Fant Is this you?

SRS Real Estate Partners

broker
Britt Raymond Is this you?

SRS Real Estate Partners

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise

  • Transit Score ®

    62/100 Good Transit

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • 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

Frequently Asked Questions

How much does Citibank cost?

The space currently listed for sale at Citibank asks for $3,466,000.

What is the total square footage of Citibank?

Citibank totals 5,767 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Citibank
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.