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13022 14th Ave

16,160 SF 100% Leased Retail Building College Point, NY 11356 £19,724,999 (£1,221/SF) 2.09% Net Initial Yield

Investment Highlights

  • This property is a 41,382 sqft lot complimented by a retail shopping center and is a great investment opportunity for savvy investors.
  • Q20B and Q76 bus lines are easily accessible and the I-678 just minutes away.

Executive Summary

PRIME LOCATION SHOPPING MALL FOR SALE FOR THE FIRST TIME IN 60 YEARS. ONE OF THE FEW AVAILABLE IN QUEENS THAT CONSISTS OF NATIONAL RETAILERS LIKE CVS, T-MOBILE, AND DUNKIN DONUTS. TENANTS PAY A MAJORITY OF THE REAL ESTATE TAXES .THIS SHOPPING CENTER IS ALMOST TRIPLE NET (NNN) WITH A 3% ANNUAL INCREASE IN RENTS.
NEW ROOF INSTALLED ALONG WITH A COMPLETE PARKING LOT RESURFACING . 55 PARKING SPOTS FOR CUSTOMERS AVAILABLE.
VIDEO SURVEILLANCE SYSTEM INSTALLED FOR A PEACE OF MIND.
With two other large
shopping centers ( White Point Center and Northside Plaza) across the street and College Point
Center (consisting of BJs, Target, TJMaxx and etc. ) behind us, this proves to be a very
convenient and popular location.
POSSIBLE REDEVELOPMENT SITE WITH OFFICES ON THE SECOND FLOOR.

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
16,160 SF
Building Class
C
Year Built/Renovated
1965/2017
Price
£19,724,999
Price Per SF
£1,221
Net Initial Yield
2.09%
NOI
£412,252
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.86
Land Acres
0.43 AC
Zoning
R2A/C1-2 - Commercial district predominantly residential in character
Parking
57 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
264 ft on 14th Avenue

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Akiyama
  • -
  • 500 SF
  • -
  • -
  • -
  • 500 SF
  • -
  • -

Our world is rapidly being transformed by the widespread and growing availability of connectivity. And AT&T is leading the charge with their nationwide fast, reliable and secure 5G coupled with their growing, multi-gig fiber home internet service. As much as we depend on broadband connectivity today, they think this is only the beginning. They're strengthening their network to enable everything from smarter homes and cities to high-quality remote healthcare, augmented and virtual reality and sophisticated new workplace collaboration tools. Providing those connections is in AT&T’s DNA. Ever since Alexander Graham Bell’s telephone more than many years ago, they've been a leader in connecting people and businesses. They believe they have the resources, focus, expertise and people to be the best connectivity provider through 5G and fiber.

  • -
  • 500 SF
  • -
  • -

Back in 1945, Burt Baskin and Irv Robbins had a pretty great idea. See, they were big ice cream people. So while every other ice cream shop stuck with vanilla, chocolate, and strawberry, they decided to go big. Like, “let’s offer 31 flavors instead” big. Because ice cream should be an every day treat. And the people? Yeah, they loved that. It's safe to say Burt and Irv’s passion made an impact. Fast forward about 75 years, and Baskin Robbins has over 1,400 flavors strong. Which is kind of crazy when you think about it. But the best part is, Baskin Robbins has flavors for everyone, for every day, and for every occasion. So, whether your kid’s team finally won a game, you found your left shoe, or you just got out of bed this morning, there's always a yay-worthy scoop ready for you. And Baskin Robbins thinks that's pretty cool.

  • -
  • 500 SF
  • -
  • -

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

  • -
  • 500 SF
  • -
  • -

Dunkin’, founded in 1950, is the largest coffee and donuts brand in the United States, with many restaurants in many global markets. Dunkin’ is part of the Inspire Brands family of restaurants. With America’s favorite coffee, innovative beverage strategies, and mouth-watering snacks, Dunkin’ has become the brand everyone knows nationally and loves locally.

  • The Original Angelo's Pizzeria Restauant
  • -
  • 500 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Akiyama - 500 SF - -
- 500 SF - -
- 500 SF - -
- 500 SF - -
- 500 SF - -
The Original Angelo's Pizzeria Restauant - 500 SF - -
Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Flagstar
ShopRite
BJ's Wholesale Club
Starbucks
Buffalo Wild Wings
Bank of America
Chase
United Rentals-power & Hvac
Key Food
Citigroup Inc

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04100-0001
Land Assessment
£955,440
Improvements Assessment
£603,798
Total Assessment
£1,559,238
  • Listing ID: 27799799

  • Date on Market: 21/02/2023

  • Last Updated:

  • Address: 13022 14th Ave, College Point, NY 11356

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