Investment Overview

The subject offering is a 5,529 square foot, four tenant retail property located on the corner of Liberty Avenue and Sheridan Avenue in East New York, Brooklyn, along the Ozone Park border. The property is 100% occupied and benefits from strong visibility and consistent foot traffic along a well established retail corridor. The building consists of 4,360 square feet of ground floor retail with 50 feet of frontage on Liberty Avenue, along with an additional 1,169 square feet of second floor space utilized for storage and office by select tenants. Guac Grill recently signed a brand new 10 year lease running through January 2036. The lease features a 6% increase in the first year followed by 3% annual increases, along with one five year renewal option. Brooklyn Halal Grill has operated at this location since 2017 and has a lease in place through December 2026. The tenant reimburses 25% of real estate taxes above a 2015/2016 base year, with current reimbursements totaling $8,541. The pizza tenant recently signed a brand new 10 year lease running through April 2035 with 3% annual increases and one five year renewal option. The tenant also reimburses 25% of real estate taxes above a 2025/2026 base year. The convenience store has a lease in place through May 2029 with 3% annual increases. The site is surrounded by a strong mix of national and local retailers including Foot Locker, T Mobile, GameStop, Dunkin Donuts, Burger King, C Town Supermarkets, and Chase Bank. This is an opportunity to acquire a fully leased corner retail asset with diversified tenancy, contractual rent growth, and strong in place cash flow in a dense Brooklyn retail corridor.