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
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