Starbucks Anchored Mixed-Use 514 86th St 8,200 SF 100% Leased Retail Building Brooklyn, NY 11209 $6,278,400 CAD ($765.66 CAD/SF) 6% Cap Rate

Marcus & Millichap proudly presents the rare opportunity to acquire a fully occupied mixed-use building on a prime stretch of 86th Street in Brooklyn’s Bay Ridge neighborhood. The property is surrounded by local and national retailers in every direction. The offering provides the opportunity to acquire an asset anchored by a national credit tenant
(Starbucks) on a fully corporate guaranteed lease.
514 86th Street it is located one building off the corner of 5th Avenue on one of the busiest blocks in Bay Ridge. This building consists of a ground-floor retail space leased to
Starbucks on a corporate-guaranteed lease through 2027. Starbucks has operated at this location since 2007. The second floor is leased to the national tutoring service Huntington Learning Center (300 locations), and the upper floors include two free market, three-bedroom apartments.
In addition, this offering is being marketed alongside another mixed-use property on the same block, 526-528 86th Street. The properties can be purchased individually, or as a
package.
The total offering presents an investor with the rare opportunity to acquire credit-tenant anchored mixed-use properties in one of the best neighborhoods in South Brooklyn. The properties can be purchased individually as well. Bay Ridge is one of the most desirable neighborhoods in Brooklyn. This site is one block from the 86th Street Subway Station (R Train), as well as being ideally positioned right off the BQE (278) and less than one mile.