Skylux Realty Inc
Listed by SKYLUX REALTY INC, Skylux Realty Inc
$158,000
157-22 NORTHERN Boulevard
Details
Property Type Business for Sale, Retail
Sub Type Business Only, Restaurant
Square Footage 1,200
Units 1
Cap Rate 100.00%
NOI $246,148
Lease Type NNN
Lease Term 10
Remaining Term 8
Class B
Ground Lease No
Turn Key Restaurant Business for Sale
Marketing description
Restaurant Business for Sale – Prime Flushing Location. Located on the busy commercial corridor of Northern Blvd & 158th Street in the Murray Hill section of Flushing, with strong foot traffic and excellent visibility, along the Q28 and Q12 MTA bus lines. Just minutes from the Broadway and Murray Hill LIRR Stations, surrounded by residential buildings, schools, supermarkets (H Mart, New Age), Queens Library and other established businesses. Currently operating as a Korean restaurant with a fully equipped kitchen. Turnkey operation suitable for various restaurant concepts. Lease: New 10-year lease available with renewal option.Great opportunity for restaurant operators or entrepreneurs seeking a high-traffic location in Flushing.
Investment highlights
Suitable for various restaurant concepts.
Fully Equipped Kitchen
Strong Foot and Vehicle Traffic
Convenient public transportation - MTA Buses, LIRR Stations
Stable business
Surrounded by residential buildings, businesses, schools and municipalities.
Favorable lease terms available for a 10 year renewal agreement
Listing Contacts
Skylux Realty Inc
Listed by SKYLUX REALTY INC, Skylux Realty Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$246,148.00
$20,512.33/mo
Valuation Metrics
0
DSCR
155.79%
Cap Rate
155.79%
ROI
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