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30044022
30044023

6702 Fort Hamilton Pkwy, Brooklyn, NY 11219

HT
NY #10401380235
Encore Real Estate Investment Services NYC
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
TH
MI:6501408175
Encore Real Estate Investment Services
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Encore Real Estate Investment Services NYC, Encore Real Estate Investment Services, Bang Realty
$8,000,000
103 days on market
Updated 11 days ago

CVS Pharmacy

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 11,981
Cap Rate 5.23%
NOI $418,733
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Lease Term 31.8
Lease Expiration 01/31/2031
Remaining Term 4.6
Rent Bumps Yes
Lease Options One (1), 10 Year
Price per SqFt $668
Year Built 2001
Buildings 1
Acreage 0.380
Investment Type Net Lease
Lease Commencement 04/22/1999

Retail Property For Sale

Marketing description

Introducing a prime investment opportunity in Brooklyn, NY - the CVS Pharmacy located at 6702 Fort Hamilton Parkway, Brooklyn, NY 11219. This property is exclusively listed by a team of seasoned professionals ready to assist you every step of the way to secure this lucrative asset.

Strategically positioned in a high-traffic area, this CVS Pharmacy boasts a reliable tenant and a long-term lease in place, ensuring a stable income stream for the new owner. The property offers a trusted brand with a solid reputation, making it a secure investment choice in the bustling Brooklyn market.

Whether you are a seasoned investor or new to commercial real estate, this property presents a rare opportunity to add a reputable asset to your portfolio. Don't miss out on the chance to own a piece of prime real estate in Brooklyn - reach out to schedule a viewing and explore the potential this CVS Pharmacy holds for you.

Investment highlights

  • 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 with 10% Rental Escalation

  • 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

Listing Contacts

HT
NY #10401380235
Encore Real Estate Investment Services NYC
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
TH
MI:6501408175
Encore Real Estate Investment Services
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Encore Real Estate Investment Services NYC, Encore Real Estate Investment Services, Bang Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$418,733.00
$34,894.42/mo

Valuation Metrics

0
DSCR
5.23%
Cap Rate
5.23%
ROI

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Additional Information

Name
Harry Tawil
License
#10401380235
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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