88-17 Roosevelt Ave Queens, NY 11372
- NNN retail properties
Current Use by Public Records
- Capy / Cafe / Cake Shop
Property Details for 88-17 Roosevelt Ave
- Property type
- NNN retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use investment opportunity is located at 88-17 Roosevelt Avenue and 37-62/64/66 89th Street in Jackson Heights, Queens, New York, 11372. Offered at $8,050,000, this property boasts a prime retail location in the heart of Jackson Heights' bustling commercial district. Its strategic position offers convenient access to Junction Boulevard and the #7 train line, ensuring high visibility and excellent accessibility for both tenants and customers. The property is configured as a Net Net Net (NNN) lease structure, minimizing landlord responsibilities and maximizing passive income potential. A key strength of this investment lies in the remarkable tenant stability. All current tenants have occupied the space for nearly a decade, demonstrating a strong commitment and minimizing vacancy risks. This consistent tenancy has persisted even through the challenges of the COVID-19 pandemic, highlighting the resilience and enduring appeal of this location. The property's long-term tenant history underscores its value as a reliable and profitable investment, offering a secure and potentially lucrative return for the discerning buyer. This is a rare opportunity to acquire a well-established, stable, and high-performing mixed-use property in a thriving Queens neighborhood.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8777
- Latitude
- 40.7485
