Arker Companies Leases Retail Space To Shop Fair Supermarkets At 51-15 Beach Channel Dr In Far Rockaway
LEASED
$35
New York
See Similar DealsRetail
Leased 12/08/2022
LEASED
Arker Companies Leases Retail Space To Shop Fair Supermarkets At 51-15 Beach Channel Dr In Far Rockaway
51-15 Beach Channel Dr
See Similar DealsRetail
Leased 12/08/2022
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Lease
The retail property located at 51-15 Beach Channel Dr in Far Rockaway has been leased in a recent transaction. The landlord, Arker Companies, has entered into an agreement with the tenant, Shop Fair Supermarkets. The property spans approximately 18,000 square feet and was leased for an asking rent of $40 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 51-15 Beach Channel Dr
- Market: Far Rockaway
Brian Doyle and Greg Parassio from Booth Street represented both the landlord, Arker Companies, and the tenant, Shop Fair Supermarkets, in this lease deal.
If you're interested in placing a supermarket for your property, please reach out to Greg Parassio at [email protected] or Brian Doyle at [email protected].
Players
LANDLORD
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$401,235.78
Total Lease Value
$4,012,357.76
Net Landlord Cash Flow$401,235.78
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