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CVS Pharmacy 6702 Fort Hamilton Pky 11,981 sq ft Retail Property Brooklyn, NY 11219 £6,175,772 (£515.46/sq ft) 5.05% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Generational Real Estate in Brooklyn New York
- Investment Grade Tenant - Standard & Poor’s Credit Rating - “BBB+”
- One (1), Ten Year Option to Renew with 10% Rental Escalation
- Absolute Net Lease Structure | Zero Landlord Responsibilities
- Established Location - In Operation Since 1999
- Population Exceeds 166,144 People Within a 1 Mile Radius with an Average Household Income of $58,309
EXECUTIVE SUMMARY
Generational Real Estate in Brooklyn New York
Absolute Net Lease Structure | Zero Landlord Responsibilities
Investment Grade Tenant - Standard & Poor’s Credit Rating - “BBB+”
Established Location - In Operation Since 1999
One (1), Ten Year Option to Renew
Population Exceeds 166,144 People Within a 1 Mile Radius with an Average Household Income of $58,309
Hard Corner Signalized Intersection of Fort Hamilton Pkwy and 67th Street
High Volume Traffic | Combined Traffic Counts Boast 38,900 VPD+
National Tenants Surrounding Investment Property: UPS, Rite Aid, Chase Bank, T-Mobile, Dunkin' Donuts, Domino's Pizza, Capital One Bank and Many More
Absolute Net Lease Structure | Zero Landlord Responsibilities
Investment Grade Tenant - Standard & Poor’s Credit Rating - “BBB+”
Established Location - In Operation Since 1999
One (1), Ten Year Option to Renew
Population Exceeds 166,144 People Within a 1 Mile Radius with an Average Household Income of $58,309
Hard Corner Signalized Intersection of Fort Hamilton Pkwy and 67th Street
High Volume Traffic | Combined Traffic Counts Boast 38,900 VPD+
National Tenants Surrounding Investment Property: UPS, Rite Aid, Chase Bank, T-Mobile, Dunkin' Donuts, Domino's Pizza, Capital One Bank and Many More
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Pharmacy
Property Size
11,981 sq ft
Costar Property Class
C
Year Built
2001
Price
£6,175,772
Price per sq ft
£515.46
Yield
5.05%
NOI
£311,876
Tenancy
Single
Number of Floors
1
Plot ratio
0.72
Total Plot Size
0.38 ac
Use Class
R5 - a low-density residential zoning district that allows for a variety of housing
Frontage
127 ft on Fort Hamilton Pky
AMENITIES
- Bus Route
- Signage
- Signalised Intersection
Walk Score®
Excellent pedestrian access (94)
Transit Score®
Excellent Public Transport (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05764-1002 | Improvements Assessment | £153,603 |
| Land Assessment | £4,868 | Total Assessment | £158,471 |
PROPERTY TAXES
Parcel Number
05764-1002
Land Assessment
£4,868
Improvements Assessment
£153,603
Total Assessment
£158,471
CONTACTS
-
Deno Bistolarides -
Brandon Hanna -
Tommy Hannawa -
Harry Tawil -
Encore Real Estate Investment Services
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CVS Pharmacy | 6702 Fort Hamilton Pky
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