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1402-1404 Rockaway Pkwy

PSF: $855 | CAP: 8.01% | Absolute NNN | Price: $6,800,000

Investment Highlights

  • 7,950 SF Single-Story Retail that is 100% leased through 2028 to Walgreens Corp

  • Absolute NNN Lease (Zero Landlord Responsibilities)

  • 2008 Construction

  • 10% Rent Increase in 2023 – Brings the CAP to 7.5%

  • Dark Store (Subleased to Dollar Deals) – Full Corporate Guaranty from Walgreens

 

For More Information Contact:

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Scott                          Plasky 

Tel: (212) 430-5229

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Alex             Arustamian

Tel: (212) 430-5276

 
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