Goldflam of Highcap Group assigned exclusive listing for 194-14 Linden Blvd.–leased to Burger King

Highcap Group" width="150" height="150" /> Josh Goldflam, Highcap Group

Queens, NY Josh Goldflam, managing principal of Highcap Group, has been assigned the exclusive listing for the sale of the property located at 194-14 Linden Blvd. in the St. Albans neighborhood of the borough, for $3.3 million. The property is currently raw land and will be developed into a newly built Burger King retail building with parking lot and drive thru. 

Located on the corner of Linden Blvd. and 195^th St., this well positioned property is across the street from Montessori Progressive Prep School and the United States Post Office building, and along the retail block of a densely populated residential neighborhood. Burger King is starting construction on a brand new 3,000 s/f building. The tenant has signed a new 20 year triple net lease with increases every 5 years and option periods as well. 

“This is an excellent opportunity for an investor or a 1031 exchange buyer to acquire a corner property with a national credit tenant on an absolute NNN lease with zero landlord responsibilities whatsoever,” said Goldflam.

The asking price of $3.3 million equates to a capitalization rate of 4% and the seller and broker encourage all buyers to submit they best offers as soon as possible.