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31531839
31531840

112-118 Atlantic Avenue, Brooklyn, NY, Brooklyn, NY 11201

MM
NY 10491203132
Marshall Real Estate, LLC
Listed by Marshall Real Estate, LLC
$8,750,000
63 days on market
Updated 63 days ago

112-118 Atlantic Avenue

Details
Property Type Retail
Sub Type Day Care/Nursery, Storefront
Square Footage 7,765
Net Rentable (SqFt) 7,765
Cap Rate 6.52%
NOI $570,752
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 7.21%
Pro-Forma NOI $630,752
Price per SqFt $1,127
Broker Co-Op Yes
Class A
Year Built 2016/2017
Stories 2
Lot Size (SqFt) 7,785
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Occupancy Date 09/01/2020
Ownership Fee Simple

Retail | 6.52% CAP | 7,765 SqFt

Marketing description

Marshall Real Estate has been exclusively retained to market the sale of 112–118 Atlantic Avenue, a rare opportunity to acquire a stabilized, single-tenant retail condominium in the heart of Cobble Hill, one of Brooklyn’s most affluent and supply constrained neighborhoods. The commercial unit is fully occupied by KinderCare Learning Companies, a nationally recognized childcare and early education operator, providing investors with secure, long-term income backed by an established tenant.

The retail condominium is located at the base of a newly constructed boutique residential building and benefits from a prominent corner position at Atlantic Avenue and Henry Street. The space features expansive wraparound frontage, strong visibility, and efficient layout characteristics well-suited for childcare use, including high ceilings and ground floor

accessibility.

The lease to KinderCare offers predictable cash flow with a necessity-based use that is highly resistant to e-commerce disruption. Childcare centers serve as critical infrastructure for local families, driving consistent daily foot traffic and reinforcing the tenant’s long-term commitment to the location. The surrounding neighborhood’s dense population of young families and high household incomes further support the tenant’s continued success.

Situated along Atlantic Avenue, a major thoroughfare connecting Brooklyn’s most desirable neighborhoods, including Brooklyn Heights, Boerum Hill, and Downtown Brooklyn, the property benefits from exceptional demographics, strong pedestrian activity, and a dynamic retail environment. The corridor is home to a curated mix of boutique retailers, restaurants, and service-oriented businesses, with continued growth fueled by nearby residential development and proximity to the Brooklyn waterfront.

The property is conveniently accessible via multiple subway lines at nearby Borough Hall and Court Street, offering direct connectivity to Manhattan and the greater New York City area. This offering presents investors with the opportunity to acquire a high-quality, income-producing asset anchored by a creditworthy tenant in a premier Brooklyn location, combining durable cash flow with long-term appreciation potential.

Investment highlights

• Prime Cobble Hill corner location

• KinderCare lease till Dec. 2030 with (2) 5-Year Renewal Options

• Full Corporate Lease Guaranty

• 17’6” Ceilings on Grade

• 120’ of wrap-around frontage

• Ability to divide space in the future to multi-tenanted asset

• No use restrictions as per Condo Offering Plan

Listing Contacts

MM
NY 10491203132
Marshall Real Estate, LLC
Listed by Marshall Real Estate, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$570,752.00
$47,562.67/mo

Valuation Metrics

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DSCR
6.52%
Cap Rate
6.52%
ROI

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