16320 Crossbay Blvd - Supermarket FOR SALE


Howard Beach, NY 11414
$12,000,000 USD
516-680-6832
16320 Crossbay Blvd, Howard Beach, NY for Sale
$12,000,000 USD
Supermarket - FOR SALE
1/43
null | 9.14% Cap Rate

Oct '28


16320 Crossbay Blvd
Howard Beach, NY 11414


HIGHLIGHTS

  • CORPORATE-GUARANTEED WALGREENS ABSOLUTE NNN LEASE RUNS THROUGH OCTOBER 31, 2028.
  • THE PROPERTY IS A ~0.76-ACRE SITE WITH PARKING ON CROSS BAY BLVD WITH A 9,724 SF BUILDING AND STRONG VISIBILITY IN A HIGH-TRAFFIC RETAIL CORRIDOR.
  • KEY FOOD OPERATES AS THE SUBTENANT AND HAS INVESTED HEAVILY IN RENOVATIONS, SIGNALING STRONG STORE PERFORMANCE AND LONG-TERM COMMITMENT TO LOCATION.
  • -THE STORE FUNCTIONS AS ESSENTIAL, GROCERY-ANCHORED RETAIL, DRAWING DAILY NEIGHBORHOOD TRAFFIC.

OVERVIEW

-CORPORATE-GUARANTEED WALGREENS ABSOLUTE NNN LEASE RUNS THROUGH OCTOBER 31, 2028. -THE PROPERTY IS A ~0.76-ACRE SITE WITH PARKING ON CROSS BAY BLVD WITH A 9,724 SF BUILDING AND STRONG VISIBILITY IN A HIGH-TRAFFIC RETAIL CORRIDOR. -KEY FOOD OPERATES AS THE SUBTENANT AND HAS INVESTED HEAVILY IN RENOVATIONS, SIGNALING STRONG STORE PERFORMANCE AND LONG-TERM COMMITMENT TO THE LOCATION. -THE STORE FUNCTIONS AS ESSENTIAL, GROCERY-ANCHORED RETAIL, DRAWING DAILY NEIGHBORHOOD TRAFFIC.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$1,229 USD /SF

CAP RATE

9.14%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Key Food Supermarket

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

R3-1, R2, C2-2

APN/PARCEL ID

14076-0118

ASK ABOUT THIS PROPERTY

Matthew ColantonioSchuckman Realty, Inc.More Info
516-680-6832

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Matthew ColantonioSchuckman Realty, Inc.More Info
516-680-6832

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.