Freestanding Bank Branch with
73-55 Grand Avenue Maspeth, NY 11378
73-55 Grand Avenue, Maspeth, NY, 11378
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For Sale
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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 Market104
Property Features for 73-55 Grand Avenue
General Information
- Standard status
- Active
- Size
- 2,950 SF
- Lot size
- 0.28 Acres
- Property subtype
- Retail
Listing agency
JTU Net Lease Group
Listed by
Jordan Uttal · License #CA 01512755
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 8:49PM Checked: Jul 21 at 8:49PM
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
Location Intelligence
Current Use by Public Records
Kevin Keane - Mortgage ...
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FAQs
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.
