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Family Dollar - 113 Rockaway Beach Blvd, Rockaway Park, NY

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $3,168,000

  • 9,000

  • 6.25%

  • NOI :

  • Acres :

  • $197,999

  • 0.24

  • Property Type :

  • Property Status :

  • Net Lease

  • Under Agreement

Investment Highlights

  • New 2017 construction freestanding Family Dollar store located in Rockaway Park, Queens, New York
  • Essential business which stayed open during COVID lockdown
  • Corporate guarantee (S&P Rated BBB) Investment Grade Credit
  • 2–5-year renewal options with 10% increase at each option
  • 12 On-site parking spaces
  • Beach area with many local shops and restaurants
  • Around the corner from M line train station
  • New construction mixed-use apartment complex immediately south of the property
  • Many nearby national retailers including CVS, Walgreens, Key Foods, Dunkin' Donuts, and Stop & Shop
  • Excellent demographics with over 58,000 people within 3 miles and an average annual household income over $82,000 within 1 mile

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