4028 58Th St Woodside, NY 11377

This mixed-use property features one residential unit and one retail unit, along with an 800-square-foot basement used by the retail tenant. The property is fully occupied with long-term tenant commitment. The retail tenant, a pet care business, has scheduled 2.50% annual rental increases throughout the initial term and option periods. The property is in a desirable retail location with access to residential communities, retail, and commuter routes. The owner offers a NNN master lease for the residential unit with annual rental increases coterminous with the retail tenant. Alternatively, the asset can be offered without the residential master lease, providing an opportunity to increase residential rents. The retail tenant is responsible for all utilities, taxes, insurance, and CAM related to the property, while the landlord is responsible for the roof, structure, and foundation. The property is situated within a dense retail corridor near The Home Depot, Best Buy, Marshalls, and Food Bazaar. The location benefits from a strong presence of national and regional tenants. The property is located in a dense, infill trade area with high barriers for new development and is within walking distance of the 61 St - Woodside subway station, served by the 7 train. The surrounding area supports over 3.13 million residents and 2.05 million employees within a 5-mile radius, with an average household income of $142,100. The property size is 2,623 square feet.