- A fully leased 1-story corner retail building constructed in 2011 consisting of 2 units.
- Family Dollar has a 10-year lease with 3 five-year extension options.
- The Family Dollar lease was executed in 2011 pre-construction.
- Afro-Americans Parents Education Center has no exit clause from the lease. They are on the 6th year of a 15-year lease (includes recent 10-year extension).
- Price ~ $7,500,000
- Cap Rate: 6.06%
Guy R Brewer Boulevard Queens, NY 11434
$7,500,000.00
Details
- A fully leased 1-story corner retail building constructed in 2011 consisting of 2 units.
- Family Dollar has a 10-year lease with 3 five-year extension options.
- The Family Dollar lease was executed in 2011 pre-construction.
- Afro-Americans Parents Education Center has no exit clause from the lease. They are on the 6th year of a 15-year lease (includes recent 10-year extension).
- Price ~ $7,500,000
- Cap Rate: 6.06%
Additional Information
| Asset Type | Retail |
|---|---|
| City | Queens |
| Neighborhood | Jamaica |
| Broker | Yuriy Ustoyev |
| Price | $7,500,000 |
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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 -
J51 Abatement in place, 15 years remaining. New tiles, bathrooms, kitchen works, lighting, etc. Boiler installed in each unit, not under Landlord maintenance. Easy access to Jackie Robinson Expy, Van Wyck Expy and public transportation
