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- LoopNet Team
7720 Queens Blvd
Flushing, NY 11373
Great Cash Flow Solid long term tenants NNN · Retail Property For Sale
PROPERTY FACTS
ABOUT 7720 QUEENS BLVD , FLUSHING, NY 11373
Exclusively offered by co listing brokers Metro Net Realty and Keller Williams Landmark. The subject property is an amazing retail building located on Queens Blvd on a corner with a 4 way traffic light. There are currently two tenants and the building is NNN leased until 2026. Current rents are $16,500/month and 65% of NNN expenses for SpeedWorld and $6615/ and 35% NNN expenses for the Gentlemans Club. Total NOI is approx $278,000. The building is in mint consition with HVAC and a new roof. Zero landlord responsibilities leases are full NNN. The Gentlemans club recently finished a $750,000 reno of their space. Speedworld has state of the art spray booth. Great for 1031 exchange or seller finance the purchase at 6% interest rate for years 1-10 and 6.5 rate for years 11 to 20. Rent escalations are 3%
PROPERTY TAXES
| Parcel Number | 02452-0007 | Improvements Assessment | $565,650 |
| Land Assessment | $296,100 | Total Assessment | $861,750 |
PROPERTY TAXES
