- Subject property is a 4,200 square foot car wash/oil change station sitting on an 8,000 square foot lot in the Marine Park neighborhood of Brooklyn.
- The current tenant is on a $10,988 Monthly NNN Lease which ends in approximately 18 years and has 2% annual escalations or percentage increase of the CPI.
- Property is located on the heavily trafficked Flatbush Avenue with over 34,000 average daily traffic and is a block away from the Kings Plaza Shopping Center.
- Asking Price ~ $2,600,000
- Cap Rate ~ 5%
Flatbush Avenue Brooklyn, NY 11234
$2,600,000.00
Details
- Subject property is a 4,200 square foot car wash/oil change station sitting on an 8,000 square foot lot in the Marine Park neighborhood of Brooklyn.
- The current tenant is on a $10,988 Monthly NNN Lease which ends in approximately 18 years and has 2% annual escalations or percentage increase of the CPI.
- Property is located on the heavily trafficked Flatbush Avenue with over 34,000 average daily traffic and is a block away from the Kings Plaza Shopping Center.
- Asking Price ~ $2,600,000
- Cap Rate ~ 5%
Additional Information
| Asset Type | Retail |
|---|---|
| City | Brooklyn |
| Neighborhood | Marine Park |
| Broker | Mike Sezan |
| Price | $2,500,000 |
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Total Built: 51,000 SF. Total Buildable: 105.144 SF. Tenants pay for their own utilities and gas. Property is near major highways and roads and multiple local & express buses. Property is walking distance to the 7 train
