Listed by CBRE - Florham Park, CBRE, CBRE - Saddle Brook
Unpriced
Family Dollar
Details
APN Block 16166 Lot 25
Property Type Retail
Sub Type Storefront
Square Footage 9,000
Net Rentable (SqFt) 9,000
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NNN
Lease Expiration 01/30/2032
Rent Bumps Yes
Lease Options One 5-Year
Acreage 0.240
Zoning R5B
Investment Type Net Lease
Tenant Credit Corporate Guarantee
113-22 Rockaway Beach Blvd, Rockaway Park, NY 11694
Marketing description
CBRE is pleased to offer investors the opportunity to acquire a stabilized Family Dollar Triple Net (NNN) leased investment asset situated at 113-22 Rockaway Beach Blvd in Rockaway Park, Queens, New York. Strategically positioned along the Rockaway Peninsula's primary commercial arterial, the subject property serves one of the most geographically constrained retail markets in the New York City metropolitan area, bounded by the Atlantic Ocean to the south and Jamaica Bay to the north, with virtually no viable sites remaining for new commercial development
Investment highlights
- Triple Net (NNN) Lease with a Corporate Guarantee
- Investment Grade Credit Tenant | Dollar Tree, Inc. Rated 'BBB' by S&P
- Rent Increases at Each Option Period | Built-In 10% Escalations
- Irreplaceable Coastal Location | Zero New Retail Supply Constrained by Ocean & Bay Geography
Listing Contacts
Listed by CBRE - Florham Park, CBRE, CBRE - Saddle Brook
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