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Promenade Shops at Lefrak City 5702 99th St 10,000 SF of Retail Space Available in Corona, NY 11368
Highlights
- High ceilings, minimal column spacing, white box delivery.
- Exceptional regional connectivity with access to multiple subway lines and the Long Island Expressway.
- Located at the base of a 5,000-unit apartment complex, offering a built-in consumer base.
- Strong surrounding retail mix anchored by prominent national brands such as Target, Kohl’s, Shake Shack, and The Cheesecake Factory.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
The Promenade Shops at LeFrak City present a premier retail leasing opportunity within Queens’ dynamic Corona neighborhood. Set at the base of a 5,000-unit apartment complex, this approximately 10,000-square-foot white box space benefits from immediate availability and flexible lease terms. Positioned along 99th Street with 100 feet of frontage, the site accommodates heavy vehicular and pedestrian traffic, supported by an adjacent 120-car parking lot. Recent redevelopment at LeFrak City brings modernized lobbies, 24/7 attended security, lush landscaping, and a 6-acre private courtyard, enhancing the vibrancy of this high-traffic destination. The property offers new water and sewer lines, 800 amps of 3-phase power, and ADA-compliant entrances. With zoning allowing for a range of uses and strong co-tenancy from national retailers, this location provides unmatched exposure to a dense residential population, including 200,000 people within one mile and more than one million within five miles. Superior accessibility is ensured through proximity to major transit lines and the Long Island Expressway, which sees over 500,000 vehicles daily.
- Located in-line with other retail
- Space is in Excellent Condition
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.
Select Tenants at Promenade Shops at Lefrak City
- Tenant
- Description
- US Locations
- Reach
- Chase
- Bank
- 7,366
- National
- Fashion Home Furniture
- Furniture/Mattress
- 1
- Local
- Great Wall Supermarket
- Supermarket
- 12
- National
- Northwell Health Urgent Care
- Health Care
- 24
- International
- Olgam Life
- Health Care and Social Assistance
- 1
- -
- Walgreens
- Drug Store
- 9,187
- International
| Tenant | Description | US Locations | Reach |
| Chase | Bank | 7,366 | National |
| Fashion Home Furniture | Furniture/Mattress | 1 | Local |
| Great Wall Supermarket | Supermarket | 12 | National |
| Northwell Health Urgent Care | Health Care | 24 | International |
| Olgam Life | Health Care and Social Assistance | 1 | - |
| Walgreens | Drug Store | 9,187 | International |
Property Facts
| Total Space Available | 10,000 SF | Total Land Area | 1.40 AC |
| Property Type | Retail | Year Built | 1965 |
| Property Subtype | Storefront | Parking Ratio | 1.67/1,000 SF |
| Gross Leasable Area | 57,464 SF |
| Total Space Available | 10,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 57,464 SF |
| Total Land Area | 1.40 AC |
| Year Built | 1965 |
| Parking Ratio | 1.67/1,000 SF |
Nearby Major Retailers
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Promenade Shops at Lefrak City | 5702 99th St
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