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.
Click here for listing details.
Neighborhoods: Howard Beach/ Agents: Jeffrey Shalom