Schuckman Realty brokers $13.375M sale of Petco site in Rego Park

Schuckman Realty Inc. closed a $13.375 million sale of a Petco-occupied retail property at 9101 Metropolitan Ave. in Rego Park, Queens. The deal highlights continued investor interest in single-tenant retail assets with long-term lease structures.

Why it matters: - The sale shows demand for leased retail properties in Queens that generate steady income. - The Petco site combines a national tenant with a single-tenant, triple-net lease structure, which can appeal to investors looking for lower operating responsibility.

What happened: - Schuckman Realty Inc. brokered the $13.375 million sale of a 14,175-square-foot retail property at 9101 Metropolitan Ave. in Rego Park, Queens. - Steven Hakakian and Ari Malul of Schuckman Realty handled the transaction. - The deal closed on Sept. 16, 2026. - The sale price works out to about $943 per square foot.

The details: - The property is occupied by Petco. - The building is leased to Petco under a single-tenant, triple-net lease. - Petco’s Metropolitan Avenue store offers pet food, supplies and accessories. - The location also includes dog grooming, dog training, a vaccination clinic and an aquatics department. - The store is positioned as a one-stop location for both everyday pet needs and recurring care services.

Between the lines: - Single-tenant retail assets can draw buyer attention because the tenant handles many property expenses under a triple-net lease. - A national retailer with service offerings may support stronger tenant stability than a basic merchandise-only store. - The transaction adds another data point for Queens retail investment activity in a market where location and tenant quality matter.

What's next: - Schuckman Realty will continue focusing on retail leasing, investment sales and commercial property strategies across New York City, Long Island and the tri-state area. - The firm said it works with property owners, retailers, developers and investors on acquisitions, dispositions and positioning strategies. - Schuckman Realty can be reached at more information or 516-496-8888.