CVS Pharmacy
For Sale
Marketing description
CVS Pharmacy at 6702 Fort Hamilton Parkway, Brooklyn, NY 11219 presents a rare opportunity to acquire generational New York City real estate leased to an investment-grade tenant. Positioned on a hard corner at the signalized intersection of Fort Hamilton Parkway and 67th Street, this 11,981 SF property offers exceptional visibility, steady consumer traffic, and long-term neighborhood relevance.
The asset is 100% occupied by CVS under an absolute NNN lease, providing zero landlord responsibilities, with tenant responsibility for taxes, CAM, insurance, roof, and structure. CVS has operated at this location since 1999 and has recently approved an interior store remodel, signaling renewed corporate commitment to the site. The current lease runs through January 31, 2031, with one 10-year renewal option featuring a 10% rental increase.
Surrounded by national retailers including UPS, Chase, Rite Aid, T-Mobile, Dunkin’, Domino’s, and Capital One, the property benefits from a dense Brooklyn infill location with over 174,000 residents within one mile and strong household incomes. With high traffic counts, durable tenancy, and passive ownership structure, this offering combines stability, credit, and irreplaceable urban location.
Investment highlights
- CVS Has Recently Approved an Interior Store Remodel at this Location, Representing a Meaningful Capital Investment and Reaffirming Corporate Commitment to the Site
- 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
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