Starbucks Leases Development Site In Kew Gardens Hills From Marty Oliner
LEASED
New York
See Similar DealsDevelopment Site9,063 SF
Leased 06/10/2021
LEASED
Starbucks Leases Development Site In Kew Gardens Hills From Marty Oliner
161-09 Union Turnpike, Kew Gardens Hills, NY, USA
See Similar DealsDevelopment Site9,063 SF
Leased 06/10/2021
Summary
NEW YORK
Asset Type:Development Site
Total Square Footage:9,063 SF
Transaction Type:Lease
Located at 161-09 Union Turnpike in Kew Gardens Hills, this development site in Central Queens has recently been leased. The tenant, Starbucks, will be occupying the premises. The landlord in this transaction is Marty Oliner. The lease was facilitated by Richard Senior and Chris Walther of RIPCO Real Estate.
Summary of transaction details:
- Property Type: Development Site
- Date: 06/10/2021
- Asking Rent: $40/ft
- Building Square Footage: 9,063
Richard Senior and Chris Walther, from RIPCO Real Estate, represented the tenant, Starbucks, in this lease agreement. The property is a freestanding site with a one-story drive-thru building that has been built to suit Starbucks' needs.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$519,485.69
Total Lease Value
$5,194,856.91
Net Landlord Cash Flow$519,485.69
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