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3538 Junction Blvd - 3-Tenant, 100% Occupied Retail - Prime Corona 8,150 SF Retail Condo Unit Offered at $9,357,100 CAD in Corona, NY 11368
Investment Highlights
- An 8,100 SF Ground Floor Retail Condominium at Base of 83-Unit Residential Building
- 65 Feet of Contiguous Frontage on Junction Boulevard
- Situated on One of Queens’ Busiest Retail Corridors with Strong Foot Traffic
- 100 Percent Occupied With Three Tenants on Long-Term Leases
- Located Two Blocks From Junction Blvd Subway Station (7 Train)
1 Unit Available
Unit Retail
| Unit Size | 8,150 SF | Sale Type | Investment |
| Price | $9,357,100 CAD | Cap Rate | 7.44% |
| Price Per SF | $1,148.11 CAD | NOI | $695,729.84 CAD |
| Condo Use | Retail |
| Unit Size | 8,150 SF |
| Price | $9,357,100 CAD |
| Price Per SF | $1,148.11 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.44% |
| NOI | $695,729.84 CAD |
Sale Notes
The subject offering is an 8,100-square-foot, three-unit ground floor retail condo located at the base of an 83-unit, seven-story condominium
building on Junction Boulevard in Corona (Queens).
The property has 65 feet of contiguous retail frontage on Junction Blvd, one of the best and most heavily traveled retail corridors in all of Queens. The property is 100 percent occupied with three tenants. All three tenants have long-term leases, three percent annual increases and they all reimburse for their proportionate shares of real estate taxes.
The offering consists of three separate tax lots, and three separate condo units.
The property is located just two blocks from the Junction Blvd Subway Station (7 Train) on the corner of Junction Blvd and Roosevelt Avenue, a street lined with national retail tenants.
Property Facts
Amenities
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 40 | - | - |
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Kidz Fun Palace |
-
|
Jan 0000
|
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3538 Junction Blvd - 3-Tenant, 100% Occupied Retail - Prime Corona
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