Kimco Realty Leases Retail Space To Deal 99¢ At 147-29 Union Turnpike For 10 Years
147-29 Union Turnpike
Building Size
8,060 SF
Asset Type
Retail
Closing
Feb 10, 2026
AI
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.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93