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NNN Bank Property
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Contact for pricing
Pending

138-02 Northern Blvd, Queens, NY 11354

Corner-site bank asset leased under a triple-net structure with additional documented development capacity.

Property Size8,314 SF
Days on Market142

Property Features for 138-02 Northern Blvd

General Information

Standard status Pending
Size 8,314 SF
Property subtype Retail

Site & Location

Corner Location Yes
Road Access Yes
Listing Agency: Meridian Capital Group
Listed By: Eugene Kim · License #NY 10401380142
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 12:09AM

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 Meridian Capital Group

Investment Insights

Based on property information with market context.

Located at 138-02 Northern Blvd in Downtown Flushing, Queens, this corner property includes an 8,314-square-foot building occupied by The Bank of Hope under a triple-net lease. The asset combines an established banking use with land that offers more than 43,000 buildable square feet.

The property is positioned on Northern Boulevard in Flushing, NY 11354. Its recorded address, corner configuration, existing bank tenancy, and additional development capacity define the asset’s core characteristics. The property has not traded in over 45 years.

Key Highlights

  • 8,314‑square‑foot building leased to The Bank of Hope
  • Triple‑net lease structure
  • More than 43,000 buildable square feet available on the land

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6,666
Businesses Nearby
127k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 40% Hotels & Casinos 23% Dining 21% Groceries 16%
Key Food Supermarkets Groceries
20,650 visits/mo 0.5 miles
Bank of America Shops & Services
12,249 visits/mo 0.5 miles
BP Shops & Services
11,939 visits/mo 0.3 miles
Starbucks Dining
11,749 visits/mo 0.4 miles
Dunkin' Donuts Dining
9,306 visits/mo 0.5 miles

Demographics for 11354, NY

61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Corner-site bank asset leased under a triple-net structure with additional documented development capacity.
Where is this nnn property located?
The property is located at 138-02 Northern Blvd Queens, NY.
What are key features of this property?
This property features: 8,314‑square‑foot building leased to The Bank of Hope; Triple‑net lease structure; More than 43,000 buildable square feet available on the land
(646) 502-3481 Call to check price and availability
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