152-06 Northern Boulevard flushing, NY 11354
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 152-06 Northern Boulevard
- Year built
- 1931
- Property type
- Retail properties
- Property subtype
- Gas stations
Description
This exceptional investment opportunity presents a 100% occupied, single-tenant gas station situated on a 5,648 sq ft corner lot in Flushing, Queens, NY (zip code 11354). The property, located at 152-06 Northern Blvd, boasts a prime location with minimal competition, ensuring high visibility and strong growth potential. Built in 1931 and renovated in 2011, this one-story building is zoned R5B, C2-2, offering flexibility for future expansion. The gas station features four fuel pumps and four service lifts, and is equipped with new tanks. The convenience store-ready layout provides ample space for future development. The property operates under a triple net (NNN) lease with a corporate guarantee, providing a secure and stable income stream. The current cap rate is 5.00%. There is no existing petroleum contract, allowing for flexibility in fuel sourcing and distribution partnerships. This owner-user redevelopment opportunity is ideal for investors seeking a strong return in a high-demand market. The property's strategic location and versatile zoning make it an attractive proposition for both short-term and long-term growth.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- flushing
- County
- 36081
- State
- New York
- Longitude
- -73.8127
- Latitude
- 40.7648
