NNN Retail Center with Dollar
For Sale
Contact for pricing
Pending
11245 Springfield Blvd, Queens Village, NY 11429
Brand-new 2017 retail center fully occupied by three tenants, anchored by Dollar Tree under an NNN lease.
Property Size10,200 SF
Days on Market148
Property Features for 11245 Springfield Blvd
General Information
Standard status
Pending
Size
10,200 SF
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2017
Tenancy
Multi
Listing Agency:
Asset CRG Advisors, LLC
Listed By:
Sadya Liberow · License #NY
(347) 762-4055
Source:
Crexi
Added: Apr 12
Changed: Aug 23
Last Checked: Sep 3 at 7:15AM
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
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
White Castle
Dining
12,203 visits/mo
0.0 miles
Dollar Tree
Shops & Services
11,808 visits/mo
0.1 miles
Dollar General
Shops & Services
9,246 visits/mo
0.1 miles
Regency Party Hall
Shops & Services
3,267 visits/mo
0.1 miles
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Belmont Park Village — 2501 Hempstead Turnpike, Elmont, NY 11003
- Village Plaza LLC — 21814 Hempstead Ave, Queens Village, NY 11429
Frequently Asked Questions
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.
