Investment Overview

This absolute NNN Ponce Bank has 11.5 years of term remaining and is backed by a corporate guarantee. The lease includes scheduled 1.5 percent annual rental increases, and the location ranks in the top 2 percent of banks nationally by customer visits, drawing over 255,900 visitors annually. Situated at the signalized intersection of Smith Street and Wyckoff Street, and directly in front of the Bergen Street MTA Train Station, providing exceptional access via two major subway lines. The property is surrounded by major national retailers, including a top-performing Trader Joe’s ranked in the top 8 percent nationally with 1.1 million annual visitors, as well as Barnes & Noble, Planet Fitness, and more. It is also in close proximity to several schools, senior living communities, and Brooklyn Bridge Park Pier 6, a waterfront destination with ferry access to Manhattan. Located in a dense, affluent neighborhood, the area has a population of over 143,000 within a three-mile radius and an average household income of $174,656 within one mile, with continued growth projected.