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NYC WALGREENS - Nearly 3 Mil People w/in 3 Miles !
58-08 Metropolitan Ave., Ridgewood, NY 11385
12,050 SF | Retail
Retail Property - Off Market
- Building Size:
- 12,050 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Cap Rate:
- Year Built:
- Lot Size:
- 18,718 SF
- Listing ID
- Last Updated
- over 1 year ago
- 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.
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.
Map of 58-08 Metropolitan Ave., Ridgewood, NY 11385 (Queens County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P