525-533 Remsen Ave - Storefront FOR SALE


Brooklyn, NY 11236- East Flatbush
$5,490,000 USD
847-562-0003
525-533 Remsen Ave, Brooklyn, NY for Sale
$5,490,000 USD
Storefront - FOR SALE
1/4
null | 5.1% Cap Rate

525-533 Remsen Ave
Brooklyn, NY 11236
East Flatbush


HIGHLIGHTS

  • Dense in?ll – Over 1.1 million people live within a three-mile radius
  • Below-market rent ($33.98/SF versus $40.00/SF)
  • 10% rental escalations in every renewal option
  • Six-?gure average household income - $118,000+ within ?ve miles
  • Located along Remsen Ave (20,400 VPD) & just off NY Highway 27 (45,500 VPD)
  • Neighboring retailers include Walgreens, McDonald’s, Burger King, Popeyes, Key Food Supermarkets, & many others

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar Tree property positioned within the New York MSA in Brooklyn, New York. Dollar Tree has operated successfully at this location since 2019. The lease extends through March 2029 and includes three 5-year renewal options, each with 10% rental escalations. Dollar Tree is currently paying below-market rent ($33.98/SF versus $40.00/SF). Dollar Tree is investment grade rated ‘BBB’ by Standard & Poor’s. The 10,000 square-foot building bene?ts position near the intersection of Remsen Avenue (20,400 VPD) and NY Highway 27, which leads to JFK International Airport and experiences 45,500 vehicles per day. The property is located in a dense in?ll area where there are more than 1.1 million people residing within a three-mile radius. Additionally, the average household income for the population exceeds $118,000. The property is within proximity to several retailers including Walgreens, McDonald’s, Burger King, Popeyes, Key Food Supermarkets, & many others. It is also just minutes from several large medical institutions including NYC Health & Hospital, SUNY Downstate Health Science University, Kingsbrook Jewish Medical Center, and Brookdale University Hospital & Medical Center. Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 16,000 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner.

FOR SALE DETAILS

PRICE

$5,490,000 USD

PRICE/SF

$549 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C8-1

APN/PARCEL ID

04687-0019

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.