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The subject property consists of a one story retail building located on the southwest corner of Cross Bay Boulevard and 158th Avenue in Howard Beach, Queens. The building is currently double net leased to T-Mobile. The tenant has a ten year lease (beginning 9/1/09) with increases to the base rent at Years 4 and 7. There is also a five year renewal option. The tenant is responsible for all building expenses except for the roof, structure, sidewalks and structural damage to the parking area. The property is located in the heart of Howard Beach's retail district. Other major commercial tenants in the immediate area including Starbuck's, McDonald's, Gap/Gap Kids, Petco, CVS and Gold's Gym. This property offers an excellent retail investment opportunity in this extremely desirable neighborhood.

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Neighborhoods: Howard Beach/ Agents: Jeffrey Shalom