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138-42 Jamaica Ave
Jamaica, NY 11435
Wendy's · Retail Property For Sale

Investment Highlights

  • 20-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
  • Tenant Renewal Options: Eight (8) Periods of Five (5) Years, Each Bringing the Potential Lease Term to 55 Years
  • Premium Frontage on Jamaica Avenue | Jamaica Avenue is a Major Avenue Running Through Brooklyn and Queens
  • Attractive Rental Increases of 10% Every 5 Years
  • Strong Franchise Guarantee; 100+ Unit Operator
  • Convenient Location on a Hard Corner of an Intersection

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
6,000 SF
Building Class
B
Year Built
1987
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.30 AC
Zoning
R6A
Parking
20 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
90’ on Queens Blvd

About 138-42 JAMAICA AVE , JAMAICA, NY 11435

This Wendy’s benefits from being situated in the main retail corridor of a mainly residential area. Located in close proximity are national and local tenants, hospitals, and academic institutions. National tenants in the surrounding area include Walgreens, Planet Fitness, PepBoys, Chase Bank, Enterprise Rental Car, McDonald’s, KFC, Starbucks, Dunkin’ Donuts, as well as several others. The subject property is located under a mile from Jamaica Hospital Medical Center, a 404-bed hospital that has served Jamaica, Queens community since 1891. This Wendy’s benefits from being located four miles from JFK International Airport. JFK is the primary international airport serving New York City and is the busiest international air passenger gateway into North America. This Wendy’s benefits from being located on Jamaica Avenue, a major avenue in the New York City boroughs of Brooklyn and Queens, New York. Situated on the corner of Jamaica Ave and Queens Boulevard, this Wendy’s experiences excellent frontage in an extremely populated area. There are over 721,469 individuals within a three-mile radius and 1,811,390 individuals within a five-mile radius of the subject property. Jamaica Ave experiences average daily traffic counts exceeding 20,031 vehicles. Jamaica Ave intersects with I-678 and runs parallel to Hillside Ave which bring an additional 141,811 and 30,073 vehicles into the immediate area daily. Jamaica is a middle-class neighborhood in the New York City borough of Queens. It is mainly composed of a large commercial and retail area, though part of the neighborhood is also residential. Jamaica is the location of several governmental buildings including Queens Civil Court, the civil branch of Queens County Supreme Court, the Queens County Family Court and the Joseph P. Addabbo Federal Building, home to the Social Security Administration's Northeastern Program Service Center. The U.S. Food and Drug Administration's Northeast Regional Laboratory as well as the New York District Office are also located in Jamaica. Jamaica Center, the area around Jamaica Avenue, is a major commercial center. The New York Racing Association, based at Aqueduct Racetrack in South Ozone Park, lists its official address as Jamaica. Queens is a borough of New York City, coterminous with Queens County, in New York. It is the largest borough geographically and is adjacent to the borough of Brooklyn at the southwestern end of the Long Island. Queens is the second largest borough in population after Brooklyn and the second most populous county in New York. Queens is the most ethnically diverse urban in the world and has the most diversified economy of the five boroughs of New York City. It is home to the John F. Kennedy International Airport and LaGuardia Airport, both among the world’s busiest, which in turn makes the airspace above Queens among the busiest in the United States.

Property Taxes

Property Taxes

Parcel Number
09620-0040
Land Assessment
$220,050
Improvements Assessment
$267,930
Total Assessment
$487,980
  • Listing ID: 18140043

  • Date on Market: 1/9/2020

  • Last Updated:

  • Address: 138-42 Jamaica Ave, Jamaica, NY 11435

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