Starbucks Leases Retail Space In Rosedale, NY At 240-10 Merrick Blvd. With Landlord Cynthia Rich - Ivy Realty
LEASED
New York
See Similar DealsRetail25,015 SF
Leased 06/15/2020
LEASED
Starbucks Leases Retail Space In Rosedale, NY At 240-10 Merrick Blvd. With Landlord Cynthia Rich - Ivy Realty
240-10 Merrick Blvd, Jamaica, NY, USA
See Similar DealsRetail25,015 SF
Leased 06/15/2020
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:25,015 SF
Transaction Type:Lease
The retail property located at 240-10 Merrick Blvd. in Rosedale has been leased to Starbucks. The transaction was finalized on 06/15/2021.
Summary of transaction details:
- Property Type: Retail
- Address: 240-10 Merrick Blvd.
- Market: Rosedale
- Tenant: Starbucks
- Landlord: Cynthia Rich - Ivy Realty
- BROKERS: Richard Senior - RIPCO Real Estate, Chris Walther, Doug Weinstein
- Asking Rent: $20/ft.
- Building Square Footage: 25,015
The deal was negotiated by Richard Senior from RIPCO Real Estate, along with Chris Walther and Doug Weinstein. Cynthia Rich represented Ivy Realty as the landlord. The lease agreement includes an asking rent of $20 per square foot for the 25,015 square feet retail space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,433,844.70
Total Lease Value
$14,338,447.05
Net Landlord Cash Flow$1,433,844.70
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