79-21 Queens Blvd, Queens, NY 11373

Listing office Northmarq Capital, LLC

Listing date Oct 28, 2022

Source Crexi

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Overview

A single-tenant medical office facility is available for sale. The property is a one-story, 7,563-square-foot medical office building that was retrofit-to-suit in 2021. The property is located on 0.20 acres along Queens Boulevard, north of the interchange with the Long Island Expressway, and south of LaGuardia International Airport, and west of Citi Field and the Billie Jean King National Tennis Center. The surrounding area has an estimated population of 2.52 million within a five-mile radius, with an average household income exceeding $111,000 annually. The tenant completed a comprehensive retrofit to meet the standards of a new prototype, focusing on patient quality and energy efficiency. The initial lease term is for fifteen years, with three five-year renewal options. The lease is a standard form used across the tenant's locations, offering minimal expense exposure due to the new construction. The lease includes rental increases of ten percent every five years.

Suggested Use

Real Estate Agency Law Firm Gym & Fitness Center Hotel & Motel Nursing Home Parking Lot & Garage Nursing Home Garden Center Car Rental Facility Carpet & Flooring Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Woodside Pet Hospital — 5010 69th St, Maspeth, NY 11377
• Elmhurst Animal Hospital — 87-06 Queens Blvd, Elmhurst, NY 11373
• Jackson Heights Veterinarian Care — 37-22 73rd St, Queens, NY 11372

Location Insight

• Map
• Local Demand

City

Queens

County

Queens

State

New York

Longitude

-73.932171

Latitude

40.745539

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FAQs

What type of property is this?

Medical Office Space - Single-tenant medical office building in Queens, NY.

Where is this medical office space located?

The property is located at 79-21 Queens Blvd Queens, NY.

What is the asking price?

The asking price for this property is $8,419,694.

What are key features of this property?

This property features: Single‑tenant medical office facility in Queens, NY with a 15‑year initial lease term and three 5‑year renewal options.; Tenant completed a comprehensive retrofit‑to‑suit in 2021 to meet high patient‑quality and energy‑efficiency standards.; Located on Queens Boulevard (54k VPD) near the Long Island Expressway (182k VPD) and LaGuardia Airport.