Log In/Sign Up
Your email has been sent.
Key Food Supermarket 16320 Crossbay Blvd 9,767 SF Retail Building Howard Beach, NY 11414 $12,000,000 ($1,228.63/SF) 9.14% Cap Rate
Investment Highlights
- CORPORATE-GUARANTEED WALGREENS ABSOLUTE NNN LEASE RUNS THROUGH OCTOBER 31, 2028 - POTENTIAL TO DELIVER VACANT.
- KEY FOOD OPERATES AS THE SUBTENANT AND HAS INVESTED HEAVILY IN RENOVATIONS, SIGNALING STRONG STORE PERFORMANCE AND LONG-TERM COMMITMENT TO LOCATION.
- THE PROPERTY IS A ~0.76-ACRE SITE WITH PARKING ON CROSS BAY BLVD WITH A 9,724 SF BUILDING AND STRONG VISIBILITY IN A HIGH-TRAFFIC RETAIL CORRIDOR.
- -THE STORE FUNCTIONS AS ESSENTIAL, GROCERY-ANCHORED RETAIL, DRAWING DAILY NEIGHBORHOOD TRAFFIC.
Executive Summary
-CORPORATE-GUARANTEED WALGREENS ABSOLUTE NNN LEASE RUNS THROUGH OCTOBER 31, 2028 - POTENTIAL TO DELIVER VACANT.
-THE PROPERTY IS A ~0.76-ACRE SITE WITH PARKING ON CROSS BAY BLVD WITH A 9,724 SF BUILDING AND STRONG VISIBILITY IN A HIGH-TRAFFIC RETAIL CORRIDOR.
-KEY FOOD OPERATES AS THE SUBTENANT AND HAS INVESTED HEAVILY IN RENOVATIONS, SIGNALING STRONG STORE PERFORMANCE AND LONG-TERM COMMITMENT TO THE LOCATION.
-THE STORE FUNCTIONS AS ESSENTIAL, GROCERY-ANCHORED RETAIL, DRAWING DAILY NEIGHBORHOOD TRAFFIC.
-THE PROPERTY IS A ~0.76-ACRE SITE WITH PARKING ON CROSS BAY BLVD WITH A 9,724 SF BUILDING AND STRONG VISIBILITY IN A HIGH-TRAFFIC RETAIL CORRIDOR.
-KEY FOOD OPERATES AS THE SUBTENANT AND HAS INVESTED HEAVILY IN RENOVATIONS, SIGNALING STRONG STORE PERFORMANCE AND LONG-TERM COMMITMENT TO THE LOCATION.
-THE STORE FUNCTIONS AS ESSENTIAL, GROCERY-ANCHORED RETAIL, DRAWING DAILY NEIGHBORHOOD TRAFFIC.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,767 SF
Building Class
B
Year Built/Renovated
2009/2014
Price
$12,000,000
Price Per SF
$1,228.63
Cap Rate
9.14%
NOI
$1,096,345
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
0.77 AC
Zoning
R3-1, R2, C2-2
Parking
42 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 14076-0118 | Improvements Assessment | $3,003,930 |
| Land Assessment | $449,550 | Total Assessment | $3,453,480 |
Property Taxes
Parcel Number
14076-0118
Land Assessment
$449,550
Improvements Assessment
$3,003,930
Total Assessment
$3,453,480
1 of 44
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Key Food Supermarket | 16320 Crossbay Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.