Stand-alone commercial building.
Description
Total area — 1,493 m²
Two-storey building provided with floor-to-ceiling windows.
Financial performance
Absolute annual income is 612,457 $.
The current yield of 4.7%.
Tenants
The tenant is health club chain.
The lease agreement is valid through 2030 and stipulates rental payment indexation at 12.5% every 5 years.
Lease agreement type: Triple Net Lease. The tenant covers all expenses related to the taxes, insurance and maintenance of the property.
Location and nearby infrastructure
The center is situated in one of Brooklyn's fastest growing retail corridors amongst other leading retailers such as McDonald's, Walgreens, Foot Locker, Chase Bank, Dominos Pizza, 7-Eleven, and many more.
