Skip to main content

Shopping Neighborhood

Family Dollar

455 Dumont Ave, Brooklyn, NY 11212

Listing Price: $3,150,000

Cap Rate
5.00%
Gross SF
9,864
Rentable SF
9,864
Price/Gross SF
$319.34
Lot Size
0.23 acres
Year Built
1930

Investment Overview

The subject offering is a 9,864 square foot single story retail property on the corner of Dumont Avenue and Junius Street in Brownsville (Brooklyn), NY. The property is currently 100% occupied by two tenants.                                                                                                            The property is anchored by an 8,144 square foot Family Dollar store. Family Dollar is in their second option period which runs until August of 2025. Family Dollar has an additional 3 (5) five-year options to renew. There are increases of $1.10/SF (~5%), $1.15/SF (~5%), and $1.20/SF (~5%) in each of third, fourth, and fifth option periods. Family Dollar has a corporate guarantee from Dollar Tree (NASDAQ; “DLTR”). Dollar tree operates 15,000 stores between its Dollar Tree and Family Dollar brands, with $23 Billion in annual sales and rating of “B1” by Standard & Poors. The tenant is responsible for paying their pro-rated portion of utilities and taxes above a base of $9,300.   The 1,720 square foot retail space on the Junius Street side of the building is occupied by an auto body shop. Their original 3 year-lease which commenced in March of 2020 was recently extended to run through February of 2026. They have 3% yearly increases and are responsible for paying their pro-rated portion of the utilities. The landlord just put a brand-new roof on the property in 2022. This is an opportunity to acquire a Brooklyn retail asset that is fully-stabilized with minimal management.  

Investment Highlights

  • 9,864 SF Single Story Retail
  • 100% Occupied
  • Leased to Family Dollar

Exclusively Listed By

Financing By

Shopping Neighborhood

Family Dollar

Listing Price: $3,150,000

Cap Rate
5.00%
Gross SF
9,864
Rentable SF
9,864
Price/Gross SF
$319.34
Lot Size
0.23 acres
Year Built
1930

Investment Highlights

  • 9,864 SF Single Story Retail
  • 100% Occupied
  • Leased to Family Dollar

Investment Overview

The subject offering is a 9,864 square foot single story retail property on the corner of Dumont Avenue and Junius Street in Brownsville (Brooklyn), NY. The property is currently 100% occupied by two tenants.                                                                                                            The property is anchored by an 8,144 square foot Family Dollar store. Family Dollar is in their second option period which runs until August of 2025. Family Dollar has an additional 3 (5) five-year options to renew. There are increases of $1.10/SF (~5%), $1.15/SF (~5%), and $1.20/SF (~5%) in each of third, fourth, and fifth option periods. Family Dollar has a corporate guarantee from Dollar Tree (NASDAQ; “DLTR”). Dollar tree operates 15,000 stores between its Dollar Tree and Family Dollar brands, with $23 Billion in annual sales and rating of “B1” by Standard & Poors. The tenant is responsible for paying their pro-rated portion of utilities and taxes above a base of $9,300.   The 1,720 square foot retail space on the Junius Street side of the building is occupied by an auto body shop. Their original 3 year-lease which commenced in March of 2020 was recently extended to run through February of 2026. They have 3% yearly increases and are responsible for paying their pro-rated portion of the utilities. The landlord just put a brand-new roof on the property in 2022. This is an opportunity to acquire a Brooklyn retail asset that is fully-stabilized with minimal management.  

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower