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158-02 Union Turnpike 15802 Union Tpke 9,600 SF of Retail Space Available in Flushing, NY 11366
HIGHLIGHTS
- 14 Million annual vehicle traffic
- Near Colleges, Hospitals, schools, and highways.
- Ideal for any use (school, medical, retail, supermarket, non-for-profit, etc
- 4 bus stops on each corner
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 9,600 SF | 16’ | Negotiable | $62.50 /SF/YR $5.21 /SF/MO $600,000 /YR $50,000 /MO | Triple Net (NNN) |
1st Floor
FOR LEASE: Prime location retail opportunity at: 158-02 Union Turnpike, Jamaica/Flushing, NY 11432 Formerly used by Rite-Aid Pharmacy. FEATURING *Former Rite-Aid Location *14 Million annual traffic *23,000 SF Lot *9,600 SF Building *400 feet linear frontage *5 minutes to Queens Blvd *Near St. John's University *Near 5 neighborhoods *ideal franchise tenancy, school, medical, supermarket, Non-for-profit, etc, etc *Long Term Lease available. For more info or appointment, contact REMAX TEAM: Victor Weinberger 917-806-7040 (VWremax@gmail.com), or Alex Mikhaylov 917-587-5799 (alexm0215@gmail.com)
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Drop Ceilings
- Finished Ceilings: 16’
- Wheelchair Accessible
- Prime Major Corner
- Tremendous visibility
- 14 million vehicle traffic
- Ideal for Any use (school, medical, retail, etc)
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT 158-02 UNION TURNPIKE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Riteaid
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Riteaid | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 9,600 SF | Gross Leasable Area | 9,600 SF |
| Property Type | Retail | Year Built | 1994 |
| Property Subtype | Freestanding | Parking Ratio | 3.85/1,000 SF |
| Total Space Available | 9,600 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 9,600 SF |
| Year Built | 1994 |
| Parking Ratio | 3.85/1,000 SF |
ABOUT THE PROPERTY
FOR LEASE: Prime location retail opportunity at: 158-02 Union Turnpike, Flushing/Fresh Meadows/Jamaica/Hillcrest, NY 11366 FOR LEASE a Prime Mega retail Corner at 158-02 Union Turnpike, Flushing/Fresh Meadows/Jamaica, NY. (SE corner Parsons Blvd) Formerly used by Rite-Aid Pharmacy. Property Video: https://www.youtube.com/watch?v=pBSAkRUF_Qk Lease: $600,000 per year (62.50 per SF x 9,600 SF) Triple Net. RE. Tax: $234,086 annually FEATURING *Former Rite-Aid Location *14 million annual vehicle traffic *Bus stops on every corner in front of property *23,000 SF Lot *9,600 SF Building *436 feet linear frontage * 37 wide marked parking spots. *2 Blocks to Grand Central Exit (Parsons Blvd/164th Street) *5 minutes to Queens Blvd *Near St. John's University and Queens College *Near Queens Center Hospital and Health and Hospitals Corporation *Near 5 neighborhoods *Ideal for a franchise tenancy, school, medical, supermarket, Non-for-profit, etc, etc *Long Term Lease available. For more info or appointment, contact REMAX TEAM: Victor Weinberger 917-806-7040 (VWremax@gmail.com), or Alex Mikhaylov 917-587-5799 (alexm0215@gmail.com)
- Bus Line
NEARBY MAJOR RETAILERS
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158-02 Union Turnpike | 15802 Union Tpke
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