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
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