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39 20 Main Street Flushing,...

Raising Cane's Leases 4,518 SF Retail Space At 39-20 Main St In Queens
LEASEDRetail

Raising Cane's Leases 4,518 SF Retail Space At 39-20 Main St In Queens

39 20 Main Street Flushing, New York 11354, Usa

Building Size

4,518 SF

Asset Type

Retail

Closing

Jul 12, 2023

AI

Raising Cane's, a chicken fingers restaurant, has signed a lease for a 4,518 square-foot retail space located at 39-20 Main St. in Flushing, Queens. The property is situated in the Queens market and is owned by JBS Holding Corp.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Square Footage: 4,518
  • Address: 39-20 Main St
  • Market: Queens

Cushman & Wakefield's Andrew Kahn, Fanny Fan, and Adrienne Gallus represented the landlord, JBS Holding Corp, while JLL's Corey Zolcinski and Erin Grace acted as the tenant's representatives for the lease deal.

Players

Corey Zolcinski

Broker

6 deals

Broker
RC
Raising CaneTenant

Barnstable 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93