168-04 Liberty Ave
Jamaica, NY 11433
Queens Two-Tenant Retail Strip · Retail Property For Sale

The subject offering is a new construction 7,683 square foot retail property on the corner of Liberty Avenue and Merrick Boulevard in Jamaica (Queens), NY. The property is 100% occupied by two tenants, Clean Rite Laundromat and Arch Auto parts. The property rests on a 17,000 square foot lot, and it has a dedicated parking lot that can accommodate 21 cars. The property has 125 feet of retail frontage. Clean Rite has just over 17 years remaining on a 20-year lease. They have 12.5% rental increases every five years, and three (5) five-year options to renew. They pay their proportionate share of real estate taxes above their base year (2014/2015), and they are responsible for their full proportionate share of all CAM and insurance. Clean Rite has 55 stores throughout New York City. They are largest chain of laundromats in New York. Arch Auto has just over three years remaining on a five-year lease. They have 2.5% annual increases, and two (5) five-year options to renew. They are responsible for their proportionate share of real estate taxes above their base year (2014/2015), as well as their proportionate share of all CAM and insurance. Arch Auto has 12 stores throughout Brooklyn, Queens and Long Island. The property has outstanding frontage on both Liberty Ave and Merrick Blvd, both of which are major roadways in Jamaica. The property is located directly across the street from national retailers Pep Boy' s, Dunkin Donuts, Papa John' s and Popeye' s. In addition, it is one block away from York College.