122-21 Merrick Blvd
Jamaica, NY 11434
Checkers · Retail Property For Sale

Marcus & Millichap is pleased to present a 2,085 +/- square foot Checkers Drive-In located at 122-21 Merrick Boulevard, St. Albans (Queens County), New York. This investment is strategically located on a major roadway with excellent visibility. Checker's benefits both from direct access off of Merrick Boulevard and Baisley Boulevard with 22,000 +/- vehicles per day. There are more than 1.48 million residents within a five mile radius of the Checkers and is within proximity to Rochdale Village Shopping Mall, John F Kennedy International Airport & the new Amazon HQ in Long Island City. Checkers has 16+ years remaining on their absolute NNN Lease with 10% increases every 5 years. Checkers also has 1- Five year option with 3.5% annual increases during the option period. Additionally, the lease is personally guaranteed by the business operator. St. Albans is a community located in the New York City borough of Queens, (Queens County), NY. The subject property is approximately 11 southeast of Midtown Manhattan and 3 miles north of John F Kennedy International Airport. St. Albans shares its borders with the communities of Jamaica, Cambria Heights, Springfield Gardens and Laurelton. The major roads and highways that pass through or near St. Albans are Interstate 678, Grand Central Parkway, Belt Parkway, Southern State Parkway, Cross Island Parkway, JFK Expressway, Linden Boulevard and Merrick Boulevard. Numerous MTA bus lines run through St. Albans Q4, Q5, Q42, Q83, Q84 and Q85. All bus routes connect to the New York City Subway and Long Island Rail Road at Jamaica Center. Within a five-mile radius of St. Albans, the average household income is $92,079 among the 1,148,031 individuals who reside within a five-mile radius of the subject property. The asking price of $2,400,000 represents a 4.38 percent cap rate.