Merrick Boulevard, Queens, NY 11434

Home/Investment Sales/Off Market Investment Sales/Merrick Boulevard, Queens, NY 11434

Merrick Boulevard, Queens, NY 11434

$5,650,000.00

  • 15,047 square foot corner retail property in Springfield Gardens
  • Building has a 10-year net lease with Dollar Tree (Until Jan. 2026) – has 2 -5 year options and a 10% rental increase in each option.
  • Property also has parking for 9 cars.
  • Property was completely renovated in 2016.
  • Asking Price ~ $5,650,000
  • Cap Rate ~ 5.3%
  • Price Per Square Foot ~ $375.49

Details

  • 15,047 square foot corner retail property in Springfield Gardens
  • Building has a 10-year net lease with Dollar Tree (Until Jan. 2026) – has 2 -5 year options and a 10% rental increase in each option.
  • Property also has parking for 9 cars.
  • Property was completely renovated in 2016.
  • Asking Price ~ $5,650,000
  • Cap Rate ~ 5.3%
  • Price Per Square Foot ~ $375.49

Additional Information

Asset Type

Retail

City

Queens

Neighborhood

Springfield Gardens

Broker

Mike Sezan, Yuriy Ustoyev

Price

$5,650,000

Map

 

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    Contact Info

    215-15 Northern Boulevard,
    3rd Floor
    Bayside, NY 11361

    Phone: 646.586.2091

    Fax: 646.767.6790

    Web: www.assetcrg.com