Asset Commercial Realty Group has been exclusively retained to market 215-15 Northern Boulevard, NY 11361. Built in 2014 and is fully occupied with tenants that all have long term-leases. Tenants in the building include: The Learning Experience, Pizza Hut, & Tiger Shulmanns
Details
Highlights
- Newly built in 2014
- 100% occupied with long-term leases to a mix of national and local tenants with healthy rent increases
- Tenants in the building include: The Learning Experience, Pizza Hut, & Tiger Shulmanns
- Tenants pay a pro-rata share of CAM and Real Estate taxes
- Prime corner property with ample parking in back of the building
- Easy access to Clearview Expressway and Cross Island Parkway
- Building features top of the line finishes inside and out, including granite floors, custom lighting, brand new stainless steel appliances and marble bathrooms
- National Tenants within several blocks span include: Starbucks, T-Mobile, Verizon, ATT, Subway, Dunkin Donuts, Wendy’s, Burger King, CVS, Rite Aid, Party City, Chase, McDonald’s, White Castle, and many more
Additional Information
| Asset Type | Office, Retail |
|---|---|
| City | Queens |
| Neighborhood | Bayside |
| Price | 19,250,000 |
| Building Size | 29,383 |
| Cap Rate | 5.5 |
| Net Operating Income | $941,265 |
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Development Opportunity on Findlay Avenue, Bronx. Grant Park and Claremont Park are walking distance from the property. Webster Ave retail corridor is 3 blocks away from the property. Train station on 170th St. is walking distance.
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- Description: Retail center consisting of 6 retail tenants in Valley Stream
- Neighborhood: Valley Stream
- Lot Size: 21,000 SF (100′ X 210′)
- Building Size: 18,500 SF (180′ X 100′)
- Number of Stories: 1
- Parking: Yes
- Zoning:C-1
- Cross Streets: Rockaway Avenue & Merrick Road
- Transportation: LIRR lines at Valley Stream
- Nearby Retailers: Rite Aid, Burger King, CVS Pharmacy, Sears, Dick’s Sporting Goods, Shell, AT&T and more
- NOI: $166,201
- CAP Rate: 6.5%
- Asking Price: $2,500,000
