254-02 Rockaway Blvd - Retail FOR SALE


Jamaica, NY 11422
$7,500,000 USD
212-430-5196
254-02 Rockaway Blvd, Jamaica, NY for Sale
$7,500,000 USD
Retail - FOR SALE
1/17
null | Request Cap Rate

254-02 Rockaway Blvd
Jamaica, NY 11422


HIGHLIGHTS

  • The sale of this IHOP property represents a unique opportunity as it includes both the business and the real estate.
  • The subject property consists of three parcels totaling 0.62 acres and a +/- 3,826 square foot restaurant.
  • High-traffic thoroughfare that sees approximately 67,000 vehicles daily (VPD).
  • 14.1 spaces per 1,000 square feet.
  • This prime location is close to major transportation hubs, including John F. Kennedy International Airport (JFK).
  • IHOP is doing over $3,900,000 in annual sales. Double the average sales of an IHOP on a national scale.

OVERVIEW

Marcus & Millichap is proud to present for sale 254-02 Rockaway Boulevard ("Subject property"), an IHOP located in Rosedale, NY. The sale of this IHOP property represents a unique opportunity as it includes both the business and the real estate. This dual offering provides potential investors with a stable income stream from the established IHOP franchise, along with the added value of owning the underlying real estate. The subject property consists of three parcels totaling 0.62 acres and a +/- 3,826 square foot restaurant. This property is occupied with by an IHOP franchisee. The property is on Rockaway Blvd, a high-traffic thoroughfare that sees approximately 67,000 vehicles daily (VPD). This high visibility ensures a constant stream of potential customers, making it an ideal location for a restaurant business. The property boasts more than ample parking, with 14.1 spaces per 1,000 square feet. This generous parking availability is a significant advantage, ensuring convenience for customers and supporting high customer turnover. This prime location is close to major transportation hubs, including John F. Kennedy International Airport (JFK). Additionally, the location is well-served by public transportation, with the Rosedale Long Island Rail Road (LIRR) station nearby. The property is also near several retail shopping centers, such as Green Acres Mall and Five Towns Shopping Center, providing a steady flow of potential customers. Additional information is available upon request.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$2,367 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,902 SF

ZONING

M1-1

APN/PARCEL ID

13921-0001

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.