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186-45 Merrick Blvd
Springfield Gardens, NY 11413
AutoZone - Queens NY · Retail Property For Sale
Investment Highlights
- Immense Upside: AutoZone’s rent increases to $18/SF in the upcoming option which is significantly below market rent.
- Tenant is on an absolute NNN ground lease where they are responsible for taxes, insurance, and all maintenance
- 17 Years Remaining: The full term of the lease, including options, expires in 2037.
- Top Regional Grocer Across the Street: Stop & Shop Superstore is one of the tri-state area’s largest grocers.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,500 SF
Building Class
C
Year Built/Renovated
1920/1960
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.05 AC
Zoning
C8-1
Parking
30 Spaces (2.61 Spaces per 1,000 SF Leased)
Frontage
334’ on Merrick Blvd
Property Taxes
| Parcel Number | 12718-0001 | Improvements Assessment | $462,380 |
| Land Assessment | $472,500 | Total Assessment | $934,880 |
Property Taxes
Parcel Number
12718-0001
Land Assessment
$472,500
Improvements Assessment
$462,380
Total Assessment
$934,880
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