Kimco Realty sells Elmont retail property for $11M

A 13,000-square-foot retail building sold for $11 million, Long Island Business News reported. The building, which is currently leased to a CVS drugstore, sits on 1.4 acres in Elmont. It was built in 2007 and has a double drive-thru window. Michael Hagen of Axxis Real Estate represented the building’s buyer, 7814 13th Avenue LLC. That company is registered to an investor based in Rockville Centre. The property’s previous owner, Kimco Realty, was represented by Mark Walsh of Select Real Equity Advisors. [LIBN]