DY Realty Group LLC has been exclusively retained for the sale of this rare industrial-to-retail investment opportunity in South Richmond Hill, Queens. This unique assemblage features 24,045 sf of total building area, consisting of:
• 7,685 sf at Atlantic Avenue & 134th Street
• 16,360 sf spanning from Atlantic Avenue through 95th Avenue
• Additionally, there is 4,540 sf of paved and fenced yard space
The entire property is NNN leased to Elite Mitsubishi, which operates its Sales, Service, and Parts Department on-site. The lease has approximately 5 years and 8 months remaining on the lease term with 3% annual escalations. The tenant pays 100% of real estate taxes, insurance, and operating expenses. There is also an opportunity for additional upside with 2,470 SF of second-floor flex space that is currently vacant.
Strategically positioned on a high-traffic thoroughfare, this property offers exceptional visibility and accessibility along Atlantic Avenue and the Van Wyck Expressway, with a daily traffic count exceeding 51,000 vehicles. The location provides direct access to key arteries in Brooklyn and Queens, connecting to the Van Wyck Expressway near JFK Airport.