252-01 Union Tpke, Bellrose NY 11426
Retail | 5.72% CAP | 8,400 SqFt
Marketing description
East Coast New York is pleased to present a premier income-producing retail strip in the
heart of Bellerose, Queens. This fully leased property sits along a high-traffic commercial
corridor, offering excellent visibility, strong frontage, and prominent signage exposure.
The diverse tenant mix including restaurants, a salon, a lounge, and a liquor store which
provides stable, service-oriented income with long-term leases featuring 3% annual
escalations. Tenants also contribute to operating expenses, including real estate taxes and
insurance.
Positioned on Union Turnpike with heavy vehicular traffic, surrounded by dense
residential neighborhoods, and with immediate access to major thoroughfares such as the
Cross Island Parkway and Grand Central Parkway.
A rare chance to acquire a stabilized, cash-flowing retail asset in a high-demand Queens
submarket, offering long-term income security and upside potential through future rent
growth.
Investment highlights
- Stable Income-Producing Asset: A fully leased, one-story retail strip in the heart of Bellerose, Queens, offering immediate and consistent cash flow.
- Diverse Service-Oriented Tenant Mix: Features a stable mix of essential retail tenants including restaurants, a salon, a liquor store, and a hookah lounge.
- Built-in Rental Growth: All current leases include 3% annual rent escalations, providing a hedge against inflation and steady upside potential.
- Prime Commercial Location: Situated on a high-traffic corridor with heavy vehicular volume and immediate access to the Cross Island and Grand Central Parkways.
- Favorable Lease Structures: High-performing tenants contribute to operating expenses, including real estate taxes and insurance.
- Stabilized High-Demand Market: A rare opportunity to acquire a stabilized asset in a dense residential neighborhood within a high-demand Queens submarket.
- Excellent Visibility and Access: The property boasts strong frontage and prominent signage exposure along Union Turnpike, surrounded by a dense consumer base.
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