- 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
Merrick Boulevard, Queens, NY 11434
$5,650,000.00
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 |
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