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CVS Pharmacy 6702 Fort Hamilton Pky 11,981 SF Retail Building Brooklyn, NY 11219 $11,574,609 CAD ($966.08 CAD/SF) 5.05% Cap Rate
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
Drug Store
Building Size
11,981 SF
Building Class
C
Year Built
2001
Price
$11,574,609 CAD
Price Per SF
$966.08 CAD
Cap Rate
5.05%
NOI
$584,518 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.72
Lot Size
0.38 AC
Zoning
R5 - a low-density residential zoning district that allows for a variety of housing
Frontage
127’ on Fort Hamilton Pky
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05764-1002 | Improvements Assessment | $289,614 CAD |
| Land Assessment | $9,179 CAD | Total Assessment | $298,793 CAD |
PROPERTY TAXES
Parcel Number
05764-1002
Land Assessment
$9,179 CAD
Improvements Assessment
$289,614 CAD
Total Assessment
$298,793 CAD
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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