Foot Locker Signs NNN Lease At The Shops At Skyview In Downtown Flushing
40-24 College Point Boulevard
$80
$80/SF
Building Size
11,089 SF
Asset Type
Retail
Closing
Aug 23, 2023
About this deal
AI
Foot Locker has signed a lease for retail space at The Shops At Skyview located at 40-24 College Point Blvd in Downtown Flushing. The property, owned by ShopCore Properties, offers 11,089 square feet of space. The lease type is a NNN Lease with an asking rent of $80 per square foot NNN.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 40-24 College Point Blvd - The Shops At Skyview
- Market: Downtown Flushing
Evan Schuckman & Jeremy Isaacs from Ripco represented Foot Locker in the lease.
On the Map
$80
$80/SF
Retail
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Players
Flushing 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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93