CVS Pharmacy 6702 Fort Hamilton Pky
11,981 SF Retail Building Brooklyn, NY 11219 $11,956,692 CAD ($997.97 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
$11,956,692 CAD
Price Per SF
$997.97 CAD
Cap Rate
5.05%
NOI
$603,813 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 (93)
Transit Score®
Excellent Transit (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,960,760 CAD | |
| Land Assessment | $65,415 CAD | Total Assessment | $2,026,176 CAD |
CONTACTS
-
Deno Bistolarides -
Brandon Hanna -
Tommy Hannawa -
Harry Tawil -
Encore Real Estate Investment Services
