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5901-5911 Maurice AveMaspeth, NY 11378
5901-5911 Maurice Avenue
Asset ClassRetail
Occupancy90%
# Units: 7Cap Rate: 5.86%Square Feet: 12,552Access Data Room
Prime Retail Opportunity with Strong Credit Tenancy Shadow Anchored by Home Depot
overview of deal

Overview

ESTABLISHED RETAIL CENTER | SHADOW ANCHORED BY HOME DEPOT

  • Over 12,500 SF of retail space, offering a diverse mix of national and local food-use tenants.
  • Currently ~90% leased, ensuring strong occupancy and steady rental income.
  • Anchored by well-known brands, driving consistent foot traffic and visibility.

HIGHLY VISIBLE & PRIME RETAIL LOCATION

  • Situated directly off the Borden Avenue Long Island Expressway exit, maximizing exposure to passing traffic.
  • Property offers a 75 FT pylon sign facing the Long Island Expressway with exposure to 100,000+ in AADT.
  • Located within the Maspeth IBZ zone, home to more than 850 industrial businesses with over 15,000 jobs, and one of the largest NYC-designated IBZ’s.
  • Strategic location ensures strong consumer base and repeat business from local residents and employees.

STRONG NATIONAL & LOCAL TENANT MIX

  • The property is comprised of a variety of tenants with strong credit, ensuring long-term stability.
  • Features Chipotle, a highly recognizable national brand with a corporate-guaranteed lease.
  • Diversified tenant mix reduces investment risk and enhances cash flow stability.

EXCELLENT CONNECTIVITY IN CENTRAL QUEENS

  • Maurice Avenue serves as a main roadway to the Long Island Expressway on-ramp at Borden Avenue providing seamless access to major roadways.
  • Well-served by multiple bus routes, increasing convenience for both customers and employees.
  • Strategic positioning within Maspeth, Queens, benefiting from strong demographics and continuous growth.
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5901-5911 Maurice AveMaspeth, NY 11378
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Listing provided by Revere CRE