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Urban-High Street

Net-Leased Rockaway Ave Retail

452 Rockaway Ave, Brooklyn, NY 11212

Listing Price: $1,175,000

Cap Rate
6.00%
Gross SF
2,500
Rentable SF
2,500
Price/Gross SF
$470.00
Lot Size
0.06 acres
Year Built
1930

Investment Overview

The subject offering is a 2,500 square-foot single-story retail building located on Rockaway Avenue between Pitkin Avenue and Sutter Avenue.

The property is net leased to Silk Road Fabrics. Silk Road Fabrics has been at this location since 2019. Their ten-year lease runs through 2029 with no options to extend and 3% annual increases. They are currently reimbursing 100% of the taxes above base year 2018/2019 (current reimbursements are $2,017). The landlord is responsible for repairs to roof and structure, the tenant is responsible for paying all other expenses directly, this is a true NN lease.

The building rests on a 2,500 SF lot (25 X 100) and is built full. The property is zoned C4-3, and it allows for an additional 6,000 SF to be built here.

The property's prime location in Brooklyn is complemented by its proximity to major transportation hubs and commercial corridors. The site is surrounded by local and national retailers including Chase Bank, Planet Fitness, McDonald’s, Taco Bell, T Mobile, Rite Aid, Foot Locker, GameStop, and Dominos. Surrounded by a mix of residential, commercial, and recreational spaces, 452 Rockaway Avenue promises consistent footfall and visibility

Investment Highlights

  • 2,500 SF Single-Story Retail Property Located Right in the Heart of the Rockaway Avenue Retail Corridor
  • 100% Occupied - Net-Leased Through 2029 With 3% Annual Increases
  • Minimal Management Retail Asset With 6,000 SF of Additional Air Rights

Exclusively Listed By

Urban-High Street

Net-Leased Rockaway Ave Retail

Listing Price: $1,175,000

Cap Rate
6.00%
Gross SF
2,500
Rentable SF
2,500
Price/Gross SF
$470.00
Lot Size
0.06 acres
Year Built
1930

Investment Highlights

  • 2,500 SF Single-Story Retail Property Located Right in the Heart of the Rockaway Avenue Retail Corridor
  • 100% Occupied - Net-Leased Through 2029 With 3% Annual Increases
  • Minimal Management Retail Asset With 6,000 SF of Additional Air Rights

Investment Overview

The subject offering is a 2,500 square-foot single-story retail building located on Rockaway Avenue between Pitkin Avenue and Sutter Avenue. The property is net leased to Silk Road Fabrics. Silk Road Fabrics has been at this location since 2019. Their ten-year lease runs through 2029 with no options to extend and 3% annual increases. They are currently reimbursing 100% of the taxes above base year 2018/2019 (current reimbursements are $2,017). The landlord is responsible for repairs to roof and structure, the tenant is responsible for paying all other expenses directly, this is a true NN lease. The building rests on a 2,500 SF lot (25 X 100) and is built full. The property is zoned C4-3, and it allows for an additional 6,000 SF to be built here. The property's prime location in Brooklyn is complemented by its proximity to major transportation hubs and commercial corridors. The site is surrounded by local and national retailers including Chase Bank, Planet Fitness, McDonald’s, Taco Bell, T Mobile, Rite Aid, Foot Locker, GameStop, and Dominos. Surrounded by a mix of residential, commercial, and recreational spaces, 452 Rockaway Avenue promises consistent footfall and visibility

Exclusively Listed By

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