73-15 Kissena Blvd

Walgreens

Flushing, New York, 11367

7,800

Square Feet

5.5%

Cap Rate

retail

$14,000,000FOR SALE

7,800

Square Feet

5.5%

Cap Rate

Located in the heart of Flushing, Queens, 73-15 Kissena Boulevard presents an exceptional opportunity to acquire a standalone retail property leased to Walgreens, with future development or repositioning potential in one of New York City’s most dynamic and evolving commercial corridors. This ±7,800 SF building sits on a ±35,000 SF corner lot with extensive parking and dual street access, positioned at a high-visibility intersection near Queens College and major transit routes. The property is surrounded by dense residential housing and national retailers, making it ideal for long-term investment or future redevelopment. Investment Highlights Absolute Net Lease with Walgreens through December 2048 Corporate Guarantee from Walgreens Co. Current rent: $772,710.40 annually with structured increases over the lease term Tenant responsible for all expenses, including maintenance, repairs, and property operations Large footprint with over 30 parking spaces Located in a high-growth, mixed-use area with strong commercial development potential Flexible lease with built-in renewal and termination options