Asking Price Contact for pricing
Sq. Footage 274,094
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2010

Investment Highlights

A dominant neighborhood shopping center consisting of 274,094 square feet located in Brooklyn, New York. The Property, which was built in 2010, is 96.85% leased and is anchored by a 177,135 square foot BJ’s Wholesale Club as well as PetSmart, Planet Fitness and Dollar Tree. Delivered in 2010, the Property is easily accessible via the local transportation network in Brooklyn, providing superior accessibility to the center. The Property offers some of the most stable, long-term cash flow available in the market today, with 80% of the Rent Roll leased through 2030+ (Including BJ’s 172,770 SF lease expiring 11/2030). Furthermore, the rent roll is comprised of investment grade and national tenancy including NYPD (AA), T-Mobile (BB+), BJ’s Wholesale Club (B3), Dunkin Donuts, Vitamin Shoppe, PetSmart, Planet Fitness, and Dollar Tree. An offering of this scale in a New York City borough is rare and the Property’s strong tenant mix and strategic location provide the foundation for sustained long-term value appreciation.
Jose Cruz
Jose Cruz
Senior Managing Director Co-Head
Andrew Scandalios
Andrew Scandalios
Senior Managing Director Co-Head

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