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265 North Broadway

Kimco Realty Leases Retail Space To Villagers Farmers At 265 North Broadway In Hicksville
LEASEDRetail

Kimco Realty Leases Retail Space To Villagers Farmers At 265 North Broadway In Hicksville

265 North Broadway

$50

$50/SF

Building Size

12,919 SF

Asset Type

Retail

Closing

May 21, 2025

AI

The property asset involved in the transaction is located at 265 North Broadway in Hicksville, categorized as a retail space. The asking rent for this space is set at $50 per square foot, spanning a total area of 12,919 square feet. The lease term established for this property is 20 years under a Single Net Lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $50/ft
  • Address: 265 North Broadway
  • Market: Hicksville
  • Asset Size: 12,919 SF
  • Lease Term: 20 years
  • Lease Type: Single Net Lease
  • Landlord: Kimco Realty
  • Tenant: Villagers Farmers
  • Broker: Raj Whadwa - Global Realty Services

The key individuals involved in this transaction include Kimco Realty as the landlord and Villagers Farmers as the tenant. The representative for this deal is Raj Whadwa from Global Realty Services, facilitating the lease agreement between the parties involved.

Players

Raj Whadwa

Global Realty Services

Broker

$129.4M

vol

22 deals

Broker
Global Realty Services
Global Realty Services Brokerage
Kimco Realty
Kimco RealtyLandlord

Hicksville 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93