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Key Food Supermarket 163-30 Cross Bay Blvd 9,767 SF Retail Building Howard Beach, NY 11414 For Sale 10.69% Cap Rate
Executive Summary
LOWERED PRICE - NEW BROKER
CAP RATE SIGNIFICANTLY IMPROVED FOR QUICK SALE
Absolute Triple Net
Walgreens Corporate Guarantee
Guaranteed NNN Rent: $91,362. / Month NNN
High Income Area: Avg. Household Income $130,308.!!
180' Frontage On Cross Bay Blvd
30,000 + Cross Bay Blvd. Daily Vehicle Traffic Count
Approximately 42 Parking Spaces
Additional 23,575 Buildable SF
Single Sub-Tenant Key Food has spent Heavily on Renovations, Signaling Strong Store erformance.
Current Lease Term till Oct 31, 2028, w/ 2 Ten-Year Options
CAP RATE SIGNIFICANTLY IMPROVED FOR QUICK SALE
Absolute Triple Net
Walgreens Corporate Guarantee
Guaranteed NNN Rent: $91,362. / Month NNN
High Income Area: Avg. Household Income $130,308.!!
180' Frontage On Cross Bay Blvd
30,000 + Cross Bay Blvd. Daily Vehicle Traffic Count
Approximately 42 Parking Spaces
Additional 23,575 Buildable SF
Single Sub-Tenant Key Food has spent Heavily on Renovations, Signaling Strong Store erformance.
Current Lease Term till Oct 31, 2028, w/ 2 Ten-Year Options
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
9,767 SF
Building Class
B
Year Built/Renovated
2009/2014
Cap Rate
10.69%
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
0.77 AC
Zoning
R3-1, R2, C2-2
Parking
42 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14076-0118 | Improvements Assessment | $4,458,515 CAD |
| Land Assessment | $632,517 CAD | Total Assessment | $5,091,032 CAD |
Property Taxes
Parcel Number
14076-0118
Land Assessment
$632,517 CAD
Improvements Assessment
$4,458,515 CAD
Total Assessment
$5,091,032 CAD
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Key Food Supermarket | 163-30 Cross Bay Blvd
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