Kimco Realty Leases Retail Space To Deal 99¢ At 147-29 Union Turnpike For 10 Years
LEASED
New York
See Similar DealsRetail8,060 SF
Leased
LEASED
Kimco Realty Leases Retail Space To Deal 99¢ At 147-29 Union Turnpike For 10 Years
147-29 Union Turnpike
See Similar DealsRetail8,060 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:8060 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 147-29 Union Turnpike in Flushing, encompassing a total square footage of 8,060. The lease is structured as a NNN lease, and the transaction is set for a significant duration of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 147-29 Union Turnpike
- Market: Flushing
- Landlord: Kimco Realty
- Tenant: Deal 99¢
- Tenant's Representative: Jacob Aranbaev - Ripco
- Lease Term: 10 Years
- Lease Type: NNN Lease
This lease transaction involves key individuals and companies wherein Kimco Realty acts as the landlord while Deal 99¢ has secured the tenancy. Jacob Aranbaev from Ripco represents Deal 99¢ in this leasing arrangement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$461,994.34
Total Lease Value
$4,619,943.36
Net Landlord Cash Flow$461,994.34
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