NNN Retail Center with Dollar
11245 Springfield Blvd Queens Village, NY 11429
11245 Springfield Blvd, Queens Village, NY, 11429
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For Sale
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Pending
Brand-new 2017 retail center fully occupied by three tenants, anchored by Dollar Tree under an NNN lease.
Property Size10,200 SF
Days on Market103
Property Features for 11245 Springfield Blvd
General Information
- Standard status
- Pending
- Size
- 10,200 SF
- Property subtype
- Retail
Listing agency
Asset CRG Advisors, LLC
(347) 762-4055
Listed by
Sadya Liberow · License #NY
Source
Crexi
Added: Apr 12 Updated: Jul 22 at 6:08PM Checked: Jul 22 at 6:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Asset CRG Advisors, LLC
Investment Insights
Based on property information with market context.
This brand-new 2017 construction retail center is fully occupied and configured as a three-tenant retail building. The property totals 10,200 SF, with Dollar Tree occupying 8,700 SF as the anchor tenant. The Dollar Tree NNN lease was signed in 2017 and is set to expire in 2027, with four additional five-year options. Rent escalations include 10% increases, with the initial increase scheduled for June 2022.
The two other retail tenants have 3% annual rent increases. Tenant responsibilities include utilities and water/electricity, and tenants also pay their share of tax increases.
Based on the provided figures, the asset is projected to generate NOI of $334,807 for 2022 under the stated pro forma.
The two other retail tenants have 3% annual rent increases. Tenant responsibilities include utilities and water/electricity, and tenants also pay their share of tax increases.
Based on the provided figures, the asset is projected to generate NOI of $334,807 for 2022 under the stated pro forma.
Key Highlights
- 2017‑built retail center in Queens Village fully occupied by three tenants.
- Dollar Tree anchor tenant occupies 8,700 SF out of 10,200 SF total.
- Dollar Tree NNN lease signed in 2017; lease expires in 2027 with four 5‑year options and 10% escalations.
Property Analytics
Location Intelligence
Current Use by Public Records
Queens Village Appliance ...
Home Appliance Store
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- Belmont Park Village — 2501 Hempstead Turnpike, Elmont, NY 11003
- Village Plaza LLC — 21814 Hempstead Ave, Queens Village, NY 11429
FAQs
What type of property is this?
Shopping center - Brand-new 2017 retail center fully occupied by three tenants, anchored by Dollar Tree under an NNN lease.
Where is this shopping center located?
The property is located at 11245 Springfield Blvd Queens Village, NY.
What are key features of this property?
This property features: 2017‑built retail center in Queens Village fully occupied by three tenants.; Dollar Tree anchor tenant occupies 8,700 SF out of 10,200 SF total.; Dollar Tree NNN lease signed in 2017; lease expires in 2027 with four 5‑year options and 10% escalations.
