Drug Store Ground Lease with Air
163-20 Cross Bay Boulevard Howard Beach, NY 11414
163-20 Cross Bay Boulevard, Howard Beach, NY, 11414
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For Sale
Contact for pricing
Pending
Walgreens corporate guarantee supports the lease, with 23,000 SF of air rights available for potential value-add.
Days on Market104
Property Features for 163-20 Cross Bay Boulevard
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
ZEBRA Capital
Listed by
Bosko Stankovic · License #WA 134582
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 5:02PM Checked: Jul 21 at 5:02PM
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 ZEBRA Capital
Investment Insights
Based on property information with market context.
This for-sale retail asset features a Walgreens corporate guarantee and includes a regional subtenant operating more than 60 stores across the Tri-State area. The property also offers 23,000 SF of air rights, creating an opportunity for value-add in the event of vacancy. Lease terms include sizable escalations every five years.
The property is set in an area with a strong mix of national and regional retailers, including banks and major food and service brands. Public remarks also cite population of over 240,345 within a three-mile radius and a median household income of $87,802.
Additional retailers listed in the surrounding area include Capital One, Chase, Citi, Santander, TD Bank, McDonald’s, Burger King, KFC, Chipotle, Subway, Planet Fitness, RiteAid, CVS, Dunkin’, Starbucks, GNC, GAP, Petco, and Red Wing Shoes.
The property is set in an area with a strong mix of national and regional retailers, including banks and major food and service brands. Public remarks also cite population of over 240,345 within a three-mile radius and a median household income of $87,802.
Additional retailers listed in the surrounding area include Capital One, Chase, Citi, Santander, TD Bank, McDonald’s, Burger King, KFC, Chipotle, Subway, Planet Fitness, RiteAid, CVS, Dunkin’, Starbucks, GNC, GAP, Petco, and Red Wing Shoes.
Key Highlights
- Walgreens corporate guarantee supports the lease.
- 23,000 SF of air rights available for potential value‑add in the event of vacancy.
- Lease includes sizeable lease escalations every 5 years.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
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FAQs
What type of property is this?
Drug store - Walgreens corporate guarantee supports the lease, with 23,000 SF of air rights available for potential value-add.
Where is this drug store located?
The property is located at 163-20 Cross Bay Boulevard Howard Beach, NY.
What are key features of this property?
This property features: Walgreens corporate guarantee supports the lease.; 23,000 SF of air rights available for potential value‑add in the event of vacancy.; Lease includes sizeable lease escalations every 5 years.
