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Hard Corner Brooklyn Absolute Net Lease Cvs

$8,291,742

6702 Fort Hamilton Parkway, Brooklyn, NY 11219

Active
Last Updated: 03/17/2025

5.05

Cap Rate

418,733

NOI

Details:
Cap Rate:    5.05%
NOI:    $418,733
Building Size:    11,981 sqft
Lot Area:    0.38 acres
Occupancy:    100%
Year Built:    2001
Highlights:
  • Generational Real Estate in Brooklyn New York
  • Absolute Net Lease Structure | Zero Landlord Responsibilities
  • Investment Grade Tenant - Standard & Poor’s Credit Rating - “BBB+”
  • Established Location - In Operation Since 1999
  • One (1), Ten Year Option to Renew
  • Population Exceeds 166,144 People Within a 1 Mile Radius with an Average Household Income of $58,309
  • Hard Corner Signalized Intersection of Fort Hamilton Pkwy and 67th Street
  • High Volume Traffic | Combined Traffic Counts Boast 38,900 VPD+
  • National Tenants Surrounding Investment Property: UPS, Rite Aid, Chase Bank, T-Mobile, Dunkin' Donuts, Domino's Pizza, Capital One Bank and Many More
Description:

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Brooklyn is the most populous borough of New York City, with a census-estimated 2,648,771 residents in 2017. Named after Dutch village of Breukelen, it borders the borough of Queens, and has several bridge connections to the nearby boroughs of Staten Island and Manhattan. Since 1896, the borough has been coterminous with Kings County, the most populous county in the U.S. state of New York and the second-most densely populated county in the United States, after the county of New York (which is coextensive with the borough of Manhattan).

With a land area of 71 square miles (180 km2) and water area of 26 square miles, Kings County is New York's fourth-smallest county by land area and third-smallest by total area, though it is the second-largest among the city's five boroughs. Today, if New York City dissolved, Brooklyn would rank as the third-most populous city in the U.S. after Los Angeles and Chicago.

Brooklyn was an independent incorporated city (and previously an authorized village and town within the provisions of the New York State Constitution) until January 1, 1898, when, after a long political campaign and public relations battle during the 1890s, according to the new Municipal Charter of "Greater New York", Brooklyn was consolidated with the other cities, boroughs, and counties to form the modern "City of New York," surrounding the Upper New York Bay with five constituent boroughs.

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