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Apartments Condo For Sale • 1,445 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit Retail | Retail | 1,445 SF | $850,000 USD | |
DescriptionThe subject offering is a 1,445 square-foot retail condo located right off the corner of 69th Place and Grand Avenue in Maspeth (Queens). The unit is currently on an NNN lease with MB2 Dental, which runs through 2028 with one (3) three-year renewal option. The lease calls for three percent annual increases. MB2 Dental is responsible for paying 100 percent of the real estate taxes and Condo Maintenance Fees Sale NotesThis unit is retail (Use Group 6) and allows for all retail uses. The site has been an orthodontal practice for over 20 years. The lease has a corporate guarantee from MB2 Dental, the first and largest dental partnership organization in the country. MB2 Dental has 700 locations in 43 states. They recently received a $525M private equity investment, and they have an enterprise value of $3.5 Billion. The unit consists of a 722 square foot ground floor orthodontal practice and a 722 square foot lower level that also has a C of O for medical use (currently being used as offices and storage). The offering is right in the heart of Maspeth, and sits just off Grand Avenue, the main retail corridor in the neighborhood. |
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| 1,445 SF Retail Condo on a NNN Lease With Minimal Landlord Responsibilities |
| Corporate Guaranteed Lease From MB2 Dental, Which has Over 700 Locations and a Value of $3.5 Billion |
| Solid Retail Location Right Off Grand Avenue in Maspeth (Queens) |
| 3% Annual Increases With One (3) Three-Year Renewal Option |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road) | 5 min | - | 1.8 mi |
| Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) | 8 min | - | 3.2 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 11 min | - | 4.5 mi |
| John F Kennedy International | 18 min | - | 11.5 mi |
| Newark Liberty International | 30 min | - | 19.7 mi |
Scott Plasky
Marcus & Millichap
Scott Plasky
Marcus & Millichap
