Single-Story Retail Building NNN Tenant

Howard Beach, NY

For Sale

$15,450,000

OVERVIEW

LOCATION:
, Howard Beach, NY 11414

Neighborhood: Howard Beach

Asset Type: Retail

Square Feet: 9,767

 

Description

Built in 2009, this single-story retail building has ± 10,000 SF and a rear parking lot with 42 permitted spaces. The lease’s guarantor is Walgreens, an S&P-rated BBB credit tenant.

 

NOI will increase next year on 4/20/2019 to $978,880. Cross Bay Boulevard is the primary commercial strip in the area with multiple national tenants in the vicinity.

 

Nearby Transportation

Near the Howard Beach – JFK Airport Station on the [A] train, the JFK AirTrain, and the Belt Parkway.