8802 Northern Blvd Jackson Heights, NY
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NNN leased Popeye's in Jackson Heights with 18 years remaining.
Type:RETAIL
Property size:
1,900 SFLot size:
0.22 AcresPrice / SF:
$1,809/SF- Added:
- Feb 10, 2025
- Days on Market:
- 451
- Last Refresh:
- Apr 5 at 11:09 pm
Property Features for 8802 Northern Blvd
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Lot size
- 0.22 Acres
- Property subtype
- RETAIL
Listing agent Matthew Mousavi License #CA 01732226 (949) 698-1116
Listing office SRS Industrial - Newport Beach (949) 698-1116
Listing date Feb 10, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach
HighLights
- Absolute NNN lease with zero landlord responsibilities, offering a management‑free investment.
- Approximately 18 years remaining on a 20‑year lease, indicating long‑term stability.
- Located in Jackson Heights (New York City MSA), New York.
- Benefit from 2.50% annual rental increases throughout the initial term and option periods, hedging against inflation.
- Tenant has 2 (5‑year) options to extend, demonstrating commitment to the location.
- Fee simple interest (land & building ownership) is included in the acquisition.
Overview
Popeye's NNN Investment Property
This is an opportunity to acquire the fee simple interest in an absolute NNN leased Popeye’s investment property located in Jackson Heights (New York City MSA), New York. The tenant has approximately 18 years remaining on its 20-year lease, with two 5-year options to extend. The lease features 2.50% annual rental increases throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Jackson Heights
- County
- Queens
- State
- New York
- Longitude
- -73.8429
- Latitude
- 40.7758
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - NNN leased Popeye's in Jackson Heights with 18 years remaining.
Where is this drive through restaurant located?
The property is located at 8802 Northern Blvd Jackson Heights, NY.
What is the asking price?
The asking price for this property is $3,438,000.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities, offering a management‑free investment.; Approximately 18 years remaining on a 20‑year lease, indicating long‑term stability.; Located in Jackson Heights (New York City MSA), New York.
