This Retail Property is Off-Market.

58-08 Metropolitan Ave.
Ridgewood, NY 11385 ·

12,050 SF · Retail For Sale

N/A

Print

NYC WALGREENS - Nearly 3 Mil People w/in 3 Miles !

Price N/A Cap Rate 6.50%
Building Size 12,050 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2011
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 18,718 SF
Listing ID: 17041501 Date Created: 02/24/2011 Last Updated: 08/12/2011

Description

PLEASE CLICK LINK ABOVE FOR THE MARKETING PACKAGE.

This Walgreens is ideally situated on a very high traffic corner at Metropolitan Ave and Forest Ave. in (Ridgewood/Forest Hills) Queens NY, in a very densely populated area of Queens with over 2 million people w/in 5 miles. It is located within one block of a local medical clinic as well as nationally recognized restaurants including Subway and Papa Johns and many local retailers.

Walgreens has announced that it will be cutting production of new Walgreens stores by 2/3rds. The Walgreens that we are marketing in NYC are among the last that are expected to be built in NYC for some time.

With Walgreens acquisition of Duane Reade, consolidation in NY is expected in the near future with new Walgreens stores benefiting the most.

THIS IS ONE OF THE ONLY NATIONAL DRUG STORES ON THE EAST-WEST ARTERIAL OF METROPOLITAN AVE. (see drug store competition attached).

Queens is the largest in the area, the second largest in population, and the eastern most of the five boroughs that form New York. Located on the westernmost part of Long Island, Queens is home to both NYC airports, JFK and LaQuardia.

Founded in 1901, Walgreens provides the most convenient access to consumer goods and services, and pharmacy, health and wellness services, in America. Walgreens has recorded over 33 consecutive years of record sales and earnings.

Walgreens is a Fortune "50" national credit tenant (traded under the symbol "WAG") with an S&P "A" rating and is listed among Fortune Magazine*s "Most Admired Companies", "Platinum 400 List" and "40 Best Stocks to Retire On"

In association with:
John Chang, Esq.
401 Broadway, Suite 2002
New York, NY 10013.

Highlights

  • PLEASE CLICK LINK ABOVE FOR THE MARKETING PACKAGE.
  • ALMOST 3 MILLION PEOPLE (DAYTIME POPULATION) W/IN 3 MILES !!!
  • The only national drug store chain in the East / West corridor.
  • Freestanding corner building.
  • National credit tenant.
  • True NNN lease. NO landlord responsibilities.

Research

58-08 Metropolitan Ave., Ridgewood, NY 11385 (Queens County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Similar Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)