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Prime Retail Space - For Lease First & Second Flr. Mix

Date post: 22-Jul-2016
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Coldwell Banker Reliable Commercial Division is pleased to offer 2,375 SF of prime ground floor retail space along with 3,900 SF of Second floor space available for lease at 3545-35-47 Junction Blvd, Queens, NY. With a total of 6,275 SF all three spaces may be combined or leased separately. Suitable uses include but are not limited to Restaurants, Retail, Medical Office, Professional Offices or Recreational facilities. The space is centrally located in prime Corona Queens on the Junction Blvd. retail corridor. Neighboring tenants include Sleepy's, Rite Aid and McDonald's to name a few. For additional information or to schedule a property tour, please contact Exclusive Broker Coldwell Banker Reliable Commercial Division.
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Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated. Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 Phone: (718)921-3100 Web: www.cbrcd.com Prime Retail Space - For Lease First & Second Flr. Mix 35-45-35-47 Junction Blvd., Queens, NY 11368 - 6,275 SF Available Joseph T. Hamdan, Office: (718)921-3100 x105 NYS Licensed Real Estate Broker Kimberly Fong, Office: (718)921-3100 x161 NYS Licensed Real Estate Salesperson $10,000/Per Month/Ground $25/PSF/Second Floor
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Page 1: Prime Retail Space - For Lease First & Second Flr. Mix

Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.

Coldwell Banker Reliable Commercial Division

7428 Fifth Avenue, Brooklyn, NY 11209 Phone: (718)921-3100 Web: www.cbrcd.com

Prime Retail Space - For Lease First & Second Flr. Mix 35-45-35-47 Junction Blvd., Queens, NY 11368 - 6,275 SF Available

Joseph T. Hamdan, Office: (718)921-3100 x105 NYS Licensed Real Estate Broker

Kimberly Fong, Office: (718)921-3100 x161 NYS Licensed Real Estate Salesperson

$10,000/Per Month/Ground $25/PSF/Second Floor

Page 2: Prime Retail Space - For Lease First & Second Flr. Mix

Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Table of Contents

Executive Summary____________________________________3

Property Overview _____________________________________4

Aerials/Map Report __________________________________5-6

Traffic Count Report___________________________________7

Demographic Market Comparison Report_______________8-9

Demographic Summary Report__________________________10

Daytime Employment Report____________________________11

Consumer Spending Report_________________________12 —13

Confidentiality Statement______________________________ 14

Contact Information__________________________________ 15

Page 3: Prime Retail Space - For Lease First & Second Flr. Mix

Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Executive Summary

Executive Summary

The Property

35-45-35-47 Junction Blvd., Queens, NY 11368

Property Specifications

Property Type: Commercial Retail

Space 1: 2,375 SF Ground Floor Retail plus Full Basement

Space 2: 1,950 SF Second Floor Space

1,950 SF Second Floor Space

Gross Modified

Space 3:

Lease Type

For Lease Price

Space 1:

Spaces 2 & 3:

$10,000/Per Month

$4,000/Per Month Each

Min & Max Contigious 1,950 - 6,275 SF

The Offering:

Coldwell Banker Reliable Commercial Division is pleased to offer 2,375 SF of prime ground floor retail space along with

3,900 SF of second floor space available for lease at 35-45-35-47 Junction Blvd, Queens, NY. With a total of 6,275 SF, all three spaces may be combined or leased separately. Suitable uses include but are not limited to Restaurants, Retail, Medical Office, Professional Offices or Recreational facilities. The space is centrally located in prime Corona, Queens on the Junction Blvd. retail corridor. Neighboring tenants include Sleepy's, Rite Aid and McDonald's to name a few. For additional information or to schedule a property tour, please contact Exclusive Broker Coldwell Banker Reliable Commercial Division.

Investment Highlights:

Ground Level & Second FL

All Uses Considered

Location Highlights: Densely populated area

Close proximity to publictransportation

Page 4: Prime Retail Space - For Lease First & Second Flr. Mix

Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Property Overview

Property Address

35-45-35-47 Junction Blvd., Queens, NY 11368

Property Details Coldwell Banker Reliable Commercial Division is pleased to offer 2,375 SF of prime ground floor retail space along with 3,900 SF of second floor space available for lease at 35-45-35-47 Junction Blvd, Queens, NY. With a total of 6,275 SF, all three spaces may be combined or leased separately. Suitable uses include but are not limited to Restaurants, Retail, Medical Office, Professional Offices or Recreational facilities. The space is centrally located in prime Corona, Queens on the Junction Blvd. retail corridor. Neighboring tenants include Sleepy's, Rite Aid and McDonald's to name a few. For additional information or to schedule a property tour, please contact Exclusive Broker Coldwell Banker Reliable Commercial Division.

Price $10,000/Per Month/Ground Floor - Space One $4,000/ Per Month/Second Floor - Space Two $4,000/Per Month/ Second Floor - Space Three

Property Specifications Property Type: Commercial Zoning District C1-4/R6A SQ FT 8,650Lease Term: Negotiable Lease Type: Modified Gross

Location Information Cross Street: 37th Ave. Located: Junction Blvd.Metro Market: Queens Submarket: CoronaCounty: Queens

Lease Information Tenancy: % Leased: Space Available:

Multiple Tenants 28% 6,275 SF

Property Details

Page 5: Prime Retail Space - For Lease First & Second Flr. Mix

Aerial / Map Report

35-45-35-47 Junction Blvd - Corona, NY 11368

Page 6: Prime Retail Space - For Lease First & Second Flr. Mix

Aerial / Map Report

35-45-35-47 Junction Blvd - Corona, NY 11368

Page 7: Prime Retail Space - For Lease First & Second Flr. Mix

Street Cross Street Cross Str DistCountYear

Avg DailyVolume

VolumeType

Miles fromSubject Prop

1 37th Ave 92nd St 0.02 E 2014 9,057 MPSI .26

2 Junction Blvd 34th Ave 0.06 SE 2014 12,577 MPSI .28

3 Junction Blvd 41st Ave 0.01 SE 2014 14,642 MPSI .32

4 Northern Blvd 100th St 0.02 W 2014 42,363 MPSI .39

5 Roosevelt Ave 104th St 0.08 E 2014 13,354 MPSI .43

6 Northern Blvd 91st St 0.02 E 2014 35,675 MPSI .45

7 Roosevelt Ave 88th St 0.02 W 2014 15,490 MPSI .46

8 41st Ave 102nd St 0.01 W 2014 1,748 MPSI .47

9 National St 103rd St 0.01 S 2014 10,542 MPSI .47

10 102nd St Northern Blvd 0.06 S 2014 1,419 MPSI .49

Traffic Count Report

35-45-35-47 Junction Blvd, Corona, NY 11368

Page 8: Prime Retail Space - For Lease First & Second Flr. Mix

Type:County:

Retail/Storefront Retail/OfficeQueens

1 Mile

County

Population Growth Household Growth

2015 Med Household Inc 2015 Households by Household Income

2015 Median Age 2015 Population by Race

2015 Renter vs. Owner 2015 Employed vs. Unemployed

Type: Retail/Storefront Retail/Office

Demographic Market Comparison Report 1 mile radius

35-45-35-47 Junction Blvd, Corona, NY 11368

Page 9: Prime Retail Space - For Lease First & Second Flr. Mix

Type:County:

Retail/Storefront Retail/OfficeQueens

1 Mile County

Population Growth

2015 Population by Race 236,371 2,330,930

Household Growth

2015 Households by Household Income 68,892 815,520

Growth 2010 - 2015 0.25% 4.49%

Growth 2015 - 2020 3.33% 4.30%

94.71% 93.35% Empl 120,857 1,146,464

5.29% 6.65% Unempl 6,752 81,684

64.74% 49.65% White 153,037 1,157,350

8.13% 20.85% Black 19,208 486,114

2.89% 1.32% Am. Indian & Alaskan 6,821 30,653

21.24% 25.23% Asian 50,203 588,013

0.26% 0.22% Hawaiian & Pacific Island 607 5,072

2.75% 2.73% Other 6,495 63,728

Growth 2010 - 2015 0.96% 4.54%

Growth 2015 - 2020 3.52% 4.33%

70.21% 57.52%Renter Occupied 48,367 469,048

29.79% 42.48%Owner Occupied 20,523 346,472

25.68% 21.55%Income <$25K 17,694 175,778

26.25% 21.99%Income $25K - $50K 18,086 179,345

18.78% 17.00%Income $50K - $75K 12,936 138,607

12.50% 13.75%Income $75K - $100K 8,614 112,171

7.35% 9.67%Income $100K - $125K 5,064 78,860

3.52% 5.49%Income $125K - $150K 2,423 44,788

3.23% 6.03%Income $150K - $200K 2,228 49,176

2.68% 4.51%Income $200K+ 1,847 36,795

2015 Med Household Inc $47,762 $58,612

2015 Median Age 35.40 38.00

Demographic Market Comparison Report 1 mile radius

35-45-35-47 Junction Blvd, Corona, NY 11368

Page 10: Prime Retail Space - For Lease First & Second Flr. Mix

Radius 1 Mile 3 Mile 5 Mile

Population

2020 Projection 244,248 964,369 2,361,301

2015 Estimate 236,369 921,643 2,263,297

2010 Census 235,787 870,151 2,159,051

Growth 2015 - 2020 3.33% 4.64% 4.33%

Growth 2010 - 2015 0.25% 5.92% 4.83%

2015 Population by Hispanic Origin 158,050 334,429 824,766

2015 Population By Race 236,369 921,643 2,263,297

White 153,036 64.74% 536,987 58.26% 1,373,263 60.68%

Black 19,207 8.13% 54,703 5.94% 285,316 12.61%

Am. Indian & Alaskan 6,821 2.89% 13,266 1.44% 35,903 1.59%

Asian 50,202 21.24% 293,301 31.82% 503,206 22.23%

Hawaiian & Pacific Island 606 0.26% 1,707 0.19% 5,225 0.23%

Other 6,495 2.75% 21,678 2.35% 60,384 2.67%

Households

2020 Projection 71,314 347,923 884,494

2015 Estimate 68,890 332,312 847,702

2010 Census 68,232 313,175 809,293

Growth 2015 - 2020 3.52% 4.70% 4.34%

Growth 2010 - 2015 0.96% 6.11% 4.75%

Owner Occupied 20,523 29.79% 109,402 32.92% 259,348 30.59%

Renter Occupied 48,367 70.21% 222,910 67.08% 588,353 69.41%

2015 Households by HH Income 68,892 332,312 847,701

Income: <$25,000 17,694 25.68% 77,849 23.43% 206,468 24.36%

Income: $25,000 - $50,000 18,086 26.25% 79,571 23.94% 177,821 20.98%

Income: $50,000 - $75,000 12,936 18.78% 59,197 17.81% 135,893 16.03%

Income: $75,000 - $100,000 8,614 12.50% 43,961 13.23% 103,462 12.21%

Income: $100,000 - $125,000 5,064 7.35% 28,868 8.69% 73,212 8.64%

Income: $125,000 - $150,000 2,423 3.52% 15,568 4.68% 42,925 5.06%

Income: $150,000 - $200,000 2,228 3.23% 15,442 4.65% 47,598 5.61%

Income: $200,000+ 1,847 2.68% 11,856 3.57% 60,322 7.12%

2015 Avg Household Income $62,999 $70,221 $80,212

2015 Med Household Income $47,762 $53,320 $56,597

Demographic Summary Report

35-45-35-47 Junction Blvd, Corona, NY 11368

Page 11: Prime Retail Space - For Lease First & Second Flr. Mix

Business Employment by Type # of Businesses # Employees #Emp/BusTotal Businesses 4,792 31,988 7

Retail & Wholesale Trade 1,017 4,774 5

Hospitality & Food Service 564 5,334 9

Real Estate, Renting, Leasing 235 1,337 6

Finance & Insurance 227 1,377 6

Information 92 436 5

Scientific & Technology Services 309 966 3

Management of Companies 5 32 6

Health Care & Social Assistance 1,006 7,039 7

Educational Services 105 4,442 42

Public Administration & Sales 19 802 42

Arts, Entertainment, Recreation 51 486 10

Utilities & Waste Management 221 817 4

Construction 178 740 4

Manufacturing 122 1,059 9

Agriculture, Mining, Fishing 5 13 3

Other Services 636 2,334 4

Daytime Employment Report 1 Mile Radius

35-45-35-47 Junction Blvd, Corona, NY 11368

Page 12: Prime Retail Space - For Lease First & Second Flr. Mix

2015 Annual Spending ($000s) 1 Mile 3 Mile 5 Mile

Total Specified Consumer Spending $1,598,402 $7,954,040 $21,186,096

Total Apparel $118,971 $518,211 $1,356,690

Women's Apparel 44,311 207,047 551,407

Men's Apparel 26,531 114,234 295,265

Girl's Apparel 9,027 35,728 94,858

Boy's Apparel 6,337 24,857 65,243

Infant Apparel 5,824 24,094 62,305

Footwear 26,941 112,252 287,611

Total Entertainment & Hobbies $105,606 $561,646 $1,523,821

Entertainment 17,289 86,613 233,664

Audio & Visual Equipment/Service 59,931 303,139 811,223

Reading Materials 3,946 27,985 78,785

Pets, Toys, & Hobbies 24,439 143,909 400,149

Total Food and Alcohol $512,427 $2,394,792 $6,173,526

Food At Home 306,574 1,368,893 3,424,230

Food Away From Home 175,139 874,753 2,330,244

Alcoholic Beverages 30,715 151,145 419,053

Total Household $202,083 $1,093,616 $3,012,730

House Maintenance & Repair 25,201 140,205 357,285

Household Equip & Furnishings 84,604 446,074 1,215,806

Household Operations 68,647 367,932 1,027,214

Housing Costs 23,630 139,404 412,424

Consumer Spending Report

35-45-35-47 Junction Blvd, Corona, NY 11368

Page 13: Prime Retail Space - For Lease First & Second Flr. Mix

Consumer Spending Report

35-45-35-47 Junction Blvd, Corona, NY 11368

2015 Annual Spending (000s) 1 Mile 3 Mile 5 Mile

Total Transportation/Maint. $389,073 $1,961,397 $5,179,824

Vehicle Purchases 64,692 364,904 1,050,745

Gasoline 199,630 943,045 2,382,511

Vehicle Expenses 33,774 160,543 443,634

Transportation 58,373 311,184 821,149

Automotive Repair & Maintenance 32,604 181,720 481,786

Total Health Care $77,524 $405,051 $1,036,483

Medical Services 44,442 228,022 598,440

Prescription Drugs 24,405 131,981 323,743

Medical Supplies 8,677 45,048 114,299

Total Education/Day Care $108,402 $565,288 $1,615,593

Education 73,214 366,093 1,035,410

Fees & Admissions 35,188 199,196 580,183

Page 14: Prime Retail Space - For Lease First & Second Flr. Mix

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

This offering has been prepared solely for informational purposes. It is designed to assist a potential tenant in determining whether it wishes to proceed with an in- depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Reliable Commercial Division or by Ownership. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent of Coldwell Banker Reliable Commercial Division or the property Ownership.

Interested lessees should be aware that the lessor is leasing the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to lease, as appropriate, lessee will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the lessee’s choosing. The Owner reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to lease or purchase must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract to lease or purchase and prepared by the Owner or their representatives and executed by both parties; and (iii) approved by the Owner and such other parties who may have an interest in the Property. Neither the prospective tenant or purchaser nor Owner shall be bound until execution of a formal lease or contract of sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective tenants or purchasers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

Page 15: Prime Retail Space - For Lease First & Second Flr. Mix

Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

Contact Information

Contact Info For more information, please contact:

Joseph T. Hamdan, NYS Licensed Real Estate Broker 7428 5th Ave. Brooklyn, NY, 11209 Phone: (718)921-3100 x105 Mobile: (917)365-0215 Email: [email protected]

Kimberly Fong, NYS Licensed Real Estate Salesperson 7428 5th Ave. Brooklyn, NY, 11209 Phone: (718)921-3100 x161 Mobile: (917)903-1002 Email: [email protected]

Coldwell Banker Reliable Commercial Division 7428 5th Ave Brooklyn, NY , 11209 Phone: (718)921-3100 Website: cbrcd.com


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