73-15 Kissena Blvd -- Walgreens
73-15 Kissena Blvd -- Walgreens
Marketing description
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
Investment highlights
Absolute Net Lease with Walgreens through December 2048
Corporate Guarantee from Walgreens Co.
Current rent: $772,710.40 annually with structured increases over the lease term
Tenant responsible for all expenses, including maintenance, repairs, and property operations
Large footprint with over 30 parking spaces Located in a high-growth, mixed-use area with strong commercial development potential
Flexible lease with built-in renewal and termination options
This is a rare chance to own a fully leased, income-generating asset with long-term upside in a prime Queens location
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