| Jamaica, NY 11414
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This Retail Property is no longer advertised on LoopNet.com.
Retail Property For Sale
Jamaica, NY 11414
Retail Property For Sale

Investment Highlights
- The Property – Developed in 2009, this 9,800 SF retail building sits on a 33,000 SF lot with 180 feet of frontage along Cross Bay Blvd.
- The Guarantee – In 2009, Walgreens signed a 20-year lease with two ten-year options, with the first option coming due in 2029.
- The Investment Opportunity – Our asking price indicates a 5-year cap rate of 7.0%, backed by a corporate guarantee.
- The History – The building was developed in 2009 and was immediately occupied by Walgreens on a NNN basis. Following Hurricane Sandy (Oct. 2012)
- The Sublet – Walgreens sublet the building to Key Food, currently collecting $515,000 in NNN rent.
- The End-User Opportunity – There is a significant opportunity for an end-user to occupy the building upon lease expiration
Property Facts
Property Type
Retail
Building Size
9,800 SF
Building Class
C
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.62 AC
Zoning
R3-1
Parking
38 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
197’ on Cross Bay Boulevard
Amenities
- Signage
Links
Property Taxes
| Parcel Number | 14076-0132 | Improvements Assessment | $1,448,056 |
| Land Assessment | $320,850 | Total Assessment | $1,768,906 |
Property Taxes
Parcel Number
14076-0132
Land Assessment
$320,850
Improvements Assessment
$1,448,056
Total Assessment
$1,768,906
Listing ID: 33314103
Date on Market: 9/26/2024
Last Updated:
Address: Jamaica, NY 11414
The Retail Property at Jamaica, NY 11414 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS
- Southwestern Nassau Retail Spaces
- Southeast Queens Retail Spaces
- Southwest Brooklyn Retail Spaces
- Central Queens Retail Spaces
- Flatbush Retail Spaces
- Northeast Queens Retail Spaces
- Bushwick Retail Spaces
- South Shore Brooklyn Retail Spaces
- Prospect Park Retail Spaces
- East New York Retail Spaces
- Northwestern Queens Retail Spaces
- Williamsburg Retail Spaces
- South Shore Queens Retail Spaces
- Little Italy/Chinatown Retail Spaces
- Downtown Brooklyn Retail Spaces
NEARBY LISTINGS
- 418 Utica Ave, Brooklyn NY
- 1113 Liberty Ave, Brooklyn NY
- 5001 Church Ave, Brooklyn NY
- 9011 130th St, Richmond Hill NY
- 60-80-60-82 Myrtle Ave, Ridgewood NY
- 121-15 Jamaica Ave, Richmond Hill NY
- 16816 91st Ave, Jamaica NY
- 5729 Myrtle Ave, Flushing NY
- 223 Ralph Ave, Brooklyn NY
- 9216 95th Ave, Ozone Park NY
- 7951 Myrtle Ave, Glendale NY
- 14610 Guy R Brewer Blvd, Jamaica NY
- 12015 Liberty Ave, South Richmond Hill NY
- 9110 Avenue L, Brooklyn NY
- 1911 Cross Bay Blvd, Broad Channel NY
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