Agus Holdings Leases Retail Space To Chipotle At 154 Fulton Avenue For 10 Years
154 Fulton Avenue
$75
$75/SF
Building Size
2,020 SF
Asset Type
Retail
Closing
Jul 10, 2025
AI
The property involved in this transaction is a retail asset located at 154 Fulton Avenue in Hempstead. It features a leased space of 2,020 square feet under a NNN lease arrangement, with the asking rent set at $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 154 Fulton Avenue
- Market: Hempstead
- Landlord: Agus Holdings
- Tenant: Chipotle
- Lease Term: 10 Years
- Landlord's Representative: Adam Agus & Greg Parassio - Booth Street
- Tenant's Representative: Joanne Argenti - Ripco
This lease agreement establishes a long-term relationship between the landlord Agus Holdings and the tenant Chipotle. The representatives facilitating the transaction include Adam Agus and Greg Parassio for the landlord, while Joanne Argenti represents the tenant in this deal.
Players
Hempstead 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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93