The subject offering is an 11,800-square-foot, two-story retail property with 77 feet of retail frontage along Jamaica Avenue in Queens’ Woodhaven neighborhood. The property is 100 percent occupied by two tenants, with the 7,800 square foot ground floor leased to Avocado Supermarket, on a lease that runs through 2030. The supermarket is brand-new and recently completed a full renovation prior to opening in Summer 2025.
The second floor is leased to May Kickboxing & MMA Academy, which have been operating in the neighborhood since 1992. They just executed a new five-year lease that runs through 2030. Both tenants have three percent annual increases, and both tenants reimburse for a proportionate share of real estate taxes. Ownership put a new roof on this property in 2024.