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Walgreens 7315 Kissena Blvd 7,800 SF Retail Building Flushing, NY 11367 $14,000,000 ($1,794.87/SF) 5.52% Cap Rate
Investment Highlights
- Entire city block with three street light corners and a total wrap around frontage of approximately 909 Feet
- Centrally located on the border of Kew Garden Hills, Fresh Meadows and Jamaica Hills
- Combined Annual Average Daily Traffic (AADT) of approx. 35,000 (2023)
- Q25, Q25 LTD, and Q34 Bus stop right outside of the building at Kissena Boulevard and 75th Avenue
Executive Summary
Located in the heart of Flushing, Queens, 73-15 Kissena Boulevard presents an exceptional opportunity
to acquire a standalone retail property leased to Walgreens, with future development or repositioning
potential in one of New York City’s most dynamic and evolving commercial corridors.
This ±7,800 SF building sits on a ±35,000 SF corner lot with extensive parking and dual street
access, positioned at a high-visibility intersection near Queens College and major transit routes. The
property is surrounded by dense residential housing and national retailers, making it ideal for long-term
investment or future redevelopment
to acquire a standalone retail property leased to Walgreens, with future development or repositioning
potential in one of New York City’s most dynamic and evolving commercial corridors.
This ±7,800 SF building sits on a ±35,000 SF corner lot with extensive parking and dual street
access, positioned at a high-visibility intersection near Queens College and major transit routes. The
property is surrounded by dense residential housing and national retailers, making it ideal for long-term
investment or future redevelopment
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
7,800 SF
Building Class
C
Year Built
2007
Price
$14,000,000
Price Per SF
$1,794.87
Cap Rate
5.52%
NOI
$772,710
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.80 AC
Zoning
R4, C1-2
Frontage
Amenities
- Signage
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 06805-0100 | Improvements Assessment | $1,881,900 |
| Land Assessment | $787,500 | Total Assessment | $2,669,400 |
Property Taxes
Parcel Number
06805-0100
Land Assessment
$787,500
Improvements Assessment
$1,881,900
Total Assessment
$2,669,400
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Walgreens | 7315 Kissena Blvd
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