Industrial to Retail NNN Investment Opportunity - 134-10 & 134-12 Atlantic Avenue
Retail | 24,045 SqFt
Marketing description
DY Realty Group LLC has been exclusively retained for the sale of this rare industrial-to-retail investment opportunity in South Richmond Hill, Queens.
This unique assemblage features 24,045 sf of total building area, consisting of:
7,685 sf at Atlantic Avenue & 134th Street
16,360 sf spanning from Atlantic Avenue through 95th Avenue
Additionally, there is 4,540 sf of paved and fenced yard space The entire property is NNN leased to Elite Mitsubishi, which operates its Sales, Service, and Parts Department on-site. The lease has approximately 5 years and 8 months remaining on the lease term with 3% annual escalations.
The tenant pays 100% of real estate taxes, insurance, and operating expenses. There is also an opportunity for additional upside with 2,470 SF of second-floor flex space that is currently vacant.
Strategically positioned on a high-traffic thoroughfare, this property offers exceptional visibility and accessibility along Atlantic Avenue and the Van Wyck Expressway, with a daily traffic count exceeding 51,000 vehicles. The location provides direct access to key arteries in Brooklyn and Queens, connecting to the Van Wyck Expressway near JFK Airport.
Investment highlights
- 134-10 Atlantic Avenue:
- Block/Lot: 9450/30
- Total Building: 7,685 sf 2-Story
- Ground Floor: 5,215 sf
- 2nd Floor: 2,470 sf Flex Space
- Total Land: 1,400 sf
- Total Plot: 6,615 sf
- Zoning: M1-1
- Year Built: 1930
- Year Altered: 2010
- Property Taxes: $51,848.00 (2025/2026)
- 134-12 Atlantic Avenue:
- Block/Lot: 9450/34
- Total Building: 16,360 sf 1-Story
- Total Land: 3,140 sf
- Total Plot: 19,500 sf
- Zoning: M1-1/R5/R4A/C2-3
- Year Built: 1951
- Property Taxes: $62,424.00 (2025/2026)
- Total Building: 24,045 sf
- Total Land: 4,540 sf
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