Wendy's 220-10 Northern Blvd blvd 3,900 SF Retail Building Bayside, NY 11361 $8,500,000 ($2,179.49/SF) 4.79% Cap Rate
EXECUTIVE SUMMARY
Term Remaining: 5.5 Years With Three 5-Year Options Thereafter. 10% Increases Every 5 Years. Wendy's Has Been at This Location Since 1985 and Recently Exercised the First of Their Four, 5-Year Options Which Extends Through 2031
Future Development Potential: Wendy's Lot Size is 18,600 Square Feet (Spanning This Entire Block on Northern Boulevard) with Favorable R6B/C2-2 Zoning Allowing for a Wide Range of Uses.
Top 3% of All Wendy's: According to Placer.ai, This Wendy's Ranks in the Top 3% Nationwide—166th Out of 5,567 Locations—With 445.8K Annual Visits.
Franchisee: Doherty Enterprises, a Highly Reputable and Industry Leading Franchisee with Over 140 Restaurants in New York, New Jersey, Georgia, and Florida
Convenience: Wendy's Benefits From Close Proximity to the Cross Island Parkway and the Clearview Expressway, Allowing For Easy Access to Long Island, the Bronx and Manhattan.
Retail Corridor: Located on a Heavily Trafficked Section of Northern Boulevard (32,000 Vehicles Per Day) Surrounded by Many Significant Retailers and Businesses Including Dunkin’, TD Bank, Burger King, Starbucks, and Best Western, Among Many Others
Demographics: in a Dense Area with Over 321,000 People Living Within a 3-Mile Radius with an Average Annual Household Income Exceeding $120,000
Future Development Potential: Wendy's Lot Size is 18,600 Square Feet (Spanning This Entire Block on Northern Boulevard) with Favorable R6B/C2-2 Zoning Allowing for a Wide Range of Uses.
Top 3% of All Wendy's: According to Placer.ai, This Wendy's Ranks in the Top 3% Nationwide—166th Out of 5,567 Locations—With 445.8K Annual Visits.
Franchisee: Doherty Enterprises, a Highly Reputable and Industry Leading Franchisee with Over 140 Restaurants in New York, New Jersey, Georgia, and Florida
Convenience: Wendy's Benefits From Close Proximity to the Cross Island Parkway and the Clearview Expressway, Allowing For Easy Access to Long Island, the Bronx and Manhattan.
Retail Corridor: Located on a Heavily Trafficked Section of Northern Boulevard (32,000 Vehicles Per Day) Surrounded by Many Significant Retailers and Businesses Including Dunkin’, TD Bank, Burger King, Starbucks, and Best Western, Among Many Others
Demographics: in a Dense Area with Over 321,000 People Living Within a 3-Mile Radius with an Average Annual Household Income Exceeding $120,000
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,900 SF
Year Built
1985
Price
$8,500,000
Price Per SF
$2,179.49
Cap Rate
4.79%
NOI
$407,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.43 AC
Zoning
R6B
Parking
25 Spaces (6.41 Spaces per 1,000 SF Leased)
Frontage
200’ on Northern Blvd
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Wendy's
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Wendy's | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07473-0001 | Improvements Assessment | $1,159,670 |
| Land Assessment | $321,750 | Total Assessment | $1,481,420 |
