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HaiDiLao Leases 12000 Square Feet At 3818 Union St Queens NY For $75 Rent Per SF

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LEASED
$75

New York

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Retail12,000 SF
Leased 03/20/2018
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Property Image
LEASED

HaiDiLao Leases 12000 Square Feet At 3818 Union St Queens NY For $75 Rent Per SF

3818 Union St, Queens, NY, 11354

See Similar Deals
Retail12,000 SF
Leased 03/20/2018
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:12,000 SF
Transaction Type:Lease

The lease is for a property located at 3818 Union St, Queens, NY, 11354 in the Flushing market. It encompasses a total area of 12,000 square feet, situated on the second floor. The asking rent for this property was set at $75 per square foot, while retail spaces on the ground floor were listed between $150 and $190 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 3818 Union St, Queens, NY, 11354
  • Market: Flushing
  • Landlord: AECOM Capital
  • Landlord's Rep: Jonathan Plotkin (Colliers International)
  • Tenant: HaiDiLao
  • Rent/SF: $75
  • Square Feet: 12,000

HaiDiLao, a restaurant known for its unique offering of free shoulder massages to customers waiting for a table, has signed this lease as its first major retail tenant in Flushing Commons. The brand has established a substantial presence with 176 locations in 53 cities across China and one location in Santa Anita, California, anticipating $1.5 billion in revenue for the year.

Players

Jonathan Plotkin
4 deals(212) 716-3537
BROKER

Details

LEASED
IMAGE: 3818 Union St, Queens, NY, 11354 MARKET: Flushing LANDLORD'S REP: Jonathan Plotkin(Colliers International) TENANT: HaiDiLao LANDLORD: AECOM Capital RENT/SF: 75 SQUARE FEET: 12000

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Deal Type
Effective Rent (Annual)

$1,031,749.14

Total Lease Value

$10,317,491.38

Net Landlord Cash Flow$1,031,749.14