Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 24-11 150 St
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 12,000 square foot, Class A grocery store located at 24-11 150th St., Whitestone, NY 11357. The property, a single-tenant building constructed in 2018 (fully renovated), sits on a 13,755 square foot lot and boasts a prominent corner location. Currently occupied by Met Fresh under a triple-net (NNN) lease with 25 years remaining, this asset offers exceptional stability and predictable cash flow. The property's strong financial performance is reflected in its 100% occupancy rate, a net operating income (NOI) of $520,000, and a compelling 4.52% cap rate. The asking price is $11,500,000, translating to a price per square foot of $958.33. The property is zoned R3-2, C1-2, and features one story. This is a rare opportunity to acquire a high-performing, community-serving grocery store with a long-term lease in a desirable Queens location. The investment highlights include a strong tenant, a prime corner location, and a significant remaining lease term, making this an ideal addition to any portfolio.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8148
- Latitude
- 40.7768
