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Auto Service - Gas-Conv

2472 Knapp St

2472 Knapp St, Brooklyn, NY 11235

Listing Price: $4,500,000

Cap Rate
4.00%
Tenant Name
Gas Station / Mechanic Shop
Gross SF
4,000
Guarantor
Personal Guarantee
Rentable SF
2,250
Price/Gross SF
$1,125.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.00

Investment Overview

Marcus and Millichap is Pleased to offer on exclusive basis the sale of 2472 Knapp Street Brooklyn NY, the sale will be subject to 20 years new lease with 4 five years options. The property is located on the corner of Knapp Street and Avenue Y in the Sheepshead Bay section of Brooklyn. The station will be operating under the Shell Brand, it consists of 6 Pumps and Mechanic shop, C store and hand wash. Very strong sales in place, the station was fully renovated and opened in 2017. As of 2021, Shell operated in over 70 countries with 80,000 employees internationally. In 2020, Shell generated $180.5 billion in revenue, investing $907 million in research and development. As of 2020, Shell is the fifth-largest company in the world and the largest based in Europe. Shell continues to be a customer-focused organization, serving more than one million commercial and industrial customers, and 30 million customers at 46,000 retail service stations daily.

Investment Highlights

  • 20 Years NNN Lease on Sale Lease Back
  • Strong Sales Strong Location
  • Gas Station Convenient / Store Mechanic Shop / Hand Car wash
  • Consists of 6 Pumps

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

2472 Knapp St

Listing Price: $4,500,000

Cap Rate
4.00%
Tenant Name
Gas Station / Mechanic Shop
Gross SF
4,000
Guarantor
Personal Guarantee
Rentable SF
2,250
Price/Gross SF
$1,125.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.00

Investment Highlights

  • 20 Years NNN Lease on Sale Lease Back
  • Strong Sales Strong Location
  • Gas Station Convenient / Store Mechanic Shop / Hand Car wash
  • Consists of 6 Pumps

Investment Overview

Marcus and Millichap is Pleased to offer on exclusive basis the sale of 2472 Knapp Street Brooklyn NY, the sale will be subject to 20 years new lease with 4 five years options. The property is located on the corner of Knapp Street and Avenue Y in the Sheepshead Bay section of Brooklyn. The station will be operating under the Shell Brand, it consists of 6 Pumps and Mechanic shop, C store and hand wash. Very strong sales in place, the station was fully renovated and opened in 2017. As of 2021, Shell operated in over 70 countries with 80,000 employees internationally. In 2020, Shell generated $180.5 billion in revenue, investing $907 million in research and development. As of 2020, Shell is the fifth-largest company in the world and the largest based in Europe. Shell continues to be a customer-focused organization, serving more than one million commercial and industrial customers, and 30 million customers at 46,000 retail service stations daily.

Exclusively Listed By

Financing By

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