Freestanding Bank Branch with
For Sale
Contact for pricing
73-55 Grand Avenue, Maspeth, NY 11378
Single-tenant freestanding TD Bank on an approximately 0.28-acre site with a drive-thru banking lane and 16 parking spaces.
Property Size2,950 SF
Lot Size0.28 Acres
Days on Market122
Property Features for 73-55 Grand Avenue
General Information
Standard status
Active
Size
2,950 SF
Total Parking Spaces
16
Lot size
0.28 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2013
Tenancy
Single
Listing Agency:
JTU Net Lease Group
Listed By:
Jordan Uttal · License #CA 01512755
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 11:01AM
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 JTU Net Lease Group
Investment Insights
Based on property information with market context.
JLL is pleased to offer for sale the fee-simple interest in a single-tenant, freestanding TD Bank property. The asset is subject to an absolute net lease to TD Bank, N.A. with a primary lease term of 20 years and approximately 15 years remaining as of 11/1/2018. The lease includes 10.0% escalations every five years and two, 5-year renewal options.
Constructed in 2013, the property is approximately 2,950 square feet and located at the intersection of Grand Avenue and 74th Street in Maspeth (Queens), New York. The site totals approximately 0.28 acres and includes 16 parking spaces plus a drive-thru banking lane for customer access.
The investment structure is designed for long-term cash flow from one of North America’s leading financial institutions, and the lease provides no maintenance, repair, or replacement obligations and no cancellation options.
Constructed in 2013, the property is approximately 2,950 square feet and located at the intersection of Grand Avenue and 74th Street in Maspeth (Queens), New York. The site totals approximately 0.28 acres and includes 16 parking spaces plus a drive-thru banking lane for customer access.
The investment structure is designed for long-term cash flow from one of North America’s leading financial institutions, and the lease provides no maintenance, repair, or replacement obligations and no cancellation options.
Key Highlights
- Single‑tenant, freestanding TD Bank in Maspeth (Queens), NY on an absolute net lease to TD Bank, N.A.
- 20‑year primary lease term with approximately 15 years remaining as of 11/1/2018; includes two 5‑year renewal options.
- Lease features 10.0% escalations every five years.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,377
Businesses Nearby
137k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 37%
Dining 12%
Electronics 2%
Stop & Shop
Groceries
51,418 visits/mo
0.1 miles
Shell
Shops & Services
23,434 visits/mo
0.1 miles
Five Below
Shops & Services
17,924 visits/mo
0.1 miles
Starbucks
Dining
9,950 visits/mo
0.1 miles
TD Bank
Shops & Services
9,650 visits/mo
0.1 miles
Demographics for 11378, NY
38,288
Population
14,522
Households
2.6
Avg Household Size
40
Median Age
26%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
15,953
Density / Sq Mi
$84,762
Median Household Income
$52,281
Median Earnings
$1,932
Median Rent
$832,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bank - Single-tenant freestanding TD Bank on an approximately 0.28-acre site with a drive-thru banking lane and 16 parking spaces.
Where is this bank located?
The property is located at 73-55 Grand Avenue Maspeth, NY.
What are key features of this property?
This property features: Single‑tenant, freestanding TD Bank in Maspeth (Queens), NY on an absolute net lease to TD Bank, N.A.; 20‑year primary lease term with approximately 15 years remaining as of 11/1/2018; includes two 5‑year renewal options.; Lease features 10.0% escalations every five years.
