- NNN cash flowing building
- Successful day care operator occupying the entire building
- 3% annual increases in rent
- 15 year lease with a 10 year option
- Tenant pays all expenses including real estate taxes
- Rapidly gentrifying area
- Limited inventory of property in the market
- Price- $ 8,200,000
63rd Rd Queens, NY 11374
$8,200,000.00
Details
- NNN cash flowing building
- Successful day care operator occupying the entire building
- 3% annual increases in rent
- 15 year lease with a 10 year option
- Tenant pays all expenses including real estate taxes
- Rapidly gentrifying area
- Limited inventory of property in the market
- Price- $ 8,200,000
Additional Information
| Asset Type | Retail |
|---|---|
| City | Queens |
| Neighborhood | Rego Park |
| Broker | Mark Kandkhorov |
| Price | $ 8,200,000 |
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This is a development opportunity. Burger King franchisee will vacate; the seller has a negotiated number to buy out the tenant. The tenant would like to come back to the property and lease space if possible. Buyer has this option.
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Property is currently 100% leased
Strong retail corridor with heavy foot and car traffic on both sides of the streets
All tenants have 3% annual rental increases
