The subject offering is a 4,400 SF two-story retail building on 31st Street in Astoria (Queens, NY). The building is 100% occupied by Fresco's Grand Cantina, which has a NN lease that began in 2021. The lease runs through May 2031 with 3% annual increases. There is one five-year option to renew at market rent. The landlord is responsible for paying the insurance, as well as for roof and structural repairs. The tenant is responsible for 100% of the taxes above base year 2021-2022. The tenant is responsible for all other expenses. The building rests on a 2,000 SF lot (20X100) that iszoned C4-4A, with a FAR of 4 (total buildable square footage of 8,000 SF). The first floor is 2,000 SF (20X100) with a retractable roof in the rear 40 feet of the premises. The second floor is 1,200 SF (20X60). The cellar is a full legal kitchen and bathroom that is built 1,200 SF (20x60). This is an opportunity to acquire a zero-management single-tenant retail asset on Astoria’s primary retail corridor just steps away from the N and W subway lines. The site is surrounded by local and national retailers and the site benefits from incredibly strong foot traffic.