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108 Roosevelt Avenue, Queen...

Dunkin Donuts, Baskin Robbins, And Little Caesar’s Pizza Lease Retail Space In Corona, Queens
LEASEDRetail

Dunkin Donuts, Baskin Robbins, And Little Caesar’s Pizza Lease Retail Space In Corona, Queens

108 Roosevelt Avenue, Queens, New York 11372, United States

Building Size

5,100 SF

Asset Type

Retail

Closing

Aug 2, 2022

AI

Barone Management has leased a retail property located at 108-68 Roosevelt Avenue in Corona, Queens. The asset, spanning 5,100 square feet, was leased to Dunkin Donuts, Baskin Robbins, Little Caesar's Pizza, and Deli. The deal was facilitated by Richard Senior, Peter Yoon, Stephen R. Preuss Sr, and Kevin Louie of Ripco Real Estate, representing the landlord.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 08/03/2022
  • Address: 108-68 Roosevelt Avenue
  • Market: Corona, Queens
  • Asking Rent: $75/ft.
  • Square Footage: 5,100

Dunkin Donuts, Baskin Robbins, Little Caesar's Pizza, and Deli will be the new tenants of the retail property, signing a lease agreement with Barone Management. Richard Senior, Peter Yoon, Stephen R. Preuss Sr, and Kevin Louie of Ripco Real Estate represented the landlord in the transaction.

Players

Kevin Louie

Ripco

Broker

$1.1B

vol

129 deals

Broker
DD
Dunkin' DonutsBrokerage
BM
Barone ManagementLandlord
BR
Baskin RobbinsTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93