Shopping mall in Brooklyn

Photos available on request

Shopping mall in Brooklyn

8,500,000 $
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Total area: 761 m² Yield: 4.8%
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Features
  • Absolute return: 362,230 €
  • 3-floor building
  • Percentage of the rented area: 100%

It is a three-storey shopping mall in South Brooklyn, NYC.

Description

The total area of the building is 761 m².

The property is in good overall condition and does not require any repairs.

The shopping mall if fully leased out to a major tenant.

Financial performance

Absolute income is 407,000 $.

The current yield of 4,8%.

The rental rate will be increased ny 10% in December and reach 447,700 $, which will lead to 5,3% yield.

Tenants

Tenant is Foot Locker, the leading global athletic footwear and apparel retailer.

The NNN lease agreement is signed until 2026 with extension option for 5 years. The rental rate will be indexed by 10% every 3 years due to the contract conditions.

All operating costs are borne by the tenant.

Location and nearby objects

The property is located in one of the major retail thoroughfares within south Brooklyn, making it a sought after destination for national retailers such as the Starbucks, GNC, McDonald’s, Valley National Bank, etc.

The property is located near train subway station as well as the bus line.

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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More properties

If this property wasn’t for you, take a look at other supermarkets for sale in USA.

You can see more supermarkets for sale in Brooklyn elsewhere on our website.

Enquire about this supermarket
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
    • Management company services