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NNN-Leased Chase Bank with Drive-Through 18401 Hillside Ave

3,525 SF Retail Building Jamaica, NY 11432 For Sale

Investment Highlights

  • Absolute NNN Lease - Tenant covers taxes, insurance, and all repairs and maintenance of the property including roof & structural repairs.
  • Strong Local Demographic: 200k Visits Per Year, Ranked Top 125/361 branches in New York, Top 20% location nationwide
  • The property benefits from 50’+ of frontage along Hillside Avenue. The property is positioned at a traffic light corner of Hillside Ave and Dalny Road

Executive Summary

184-01 Northern Boulevard is an absolute NNN-leased Chase Bank at the corner of Hillside Avenue and Dalny Road in Jamaica Estates, Queens. Chase has a lease in place through April 2025 with rent increases every five years. This Chase Branch presents strong metrics with 200,00 visits per year, ranked 125/361 branches in New York, and within the top 20% ranking nationwide.
The property features long-term redevelopment potential in R7A zoning. It currently allows for ~94,000 buildable SF. With the City of Yes proposal, the site would allow 102,000 buildable SF (via Universal Affordability Preference).
Please contact exclusive brokers for more information or to arrange for property inspection.

Attachments

184-01 Hillside Avenue - Ripco Setup

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,525 SF
Building Class
B
Year Built
1971
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
0.51 AC
Zoning
R3-2
Parking
19 Spaces (5.39 Spaces per 1,000 SF Leased)
Frontage
141 ft on Hillside Avenue
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Walk Score ®
Very Walkable (88)
Transit Score ®
Rider's Paradise (100)
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.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Checkers
Chase Bank
TD Bank
Tim Hortons
Bank of America
Webster Bank
Krispy Krunchy Chicken
Foodtown
CTown
IHOP

PROPERTY TAXES

Parcel Number 09954-0001 Improvements Assessment £208,523
Land Assessment £303,512 Total Assessment £512,035

PROPERTY TAXES

Parcel Number
09954-0001
Land Assessment
£303,512
Improvements Assessment
£208,523
Total Assessment
£512,035
(718) 663-2639

  • Listing ID: 33153288

  • Date on Market: 12/09/2024

  • Last Updated:

  • Address: 18401 Hillside Ave, Jamaica, NY 11432

The Retail Property at 18401 Hillside Ave, Jamaica, NY 11432 is currently available For Sale. Contact Ripco Real Estate for more information.

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© 2024 CoStar Group

NNN-Leased Chase Bank with Drive-Through | 18401 Hillside Ave
(718) 663-2639 x

NNN-Leased Chase Bank with Drive-Through | 18401 Hillside Ave

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Stephen Preuss

(718) 663-2639

(718) 663-2639

Kevin Schmitz

(631) 487-9365

(631) 487-9365

Andrew LeoGrande

(718) 704-1455

(718) 704-1455

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