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1402-1404 Rockaway Pkwy Brooklyn, NY 11236

For Sale
$5,800,000

Single-tenant retail building with high traffic and income potential.

Property size:
8,000 SF
Lot size:
0.18 Acres

Property Features for 1402-1404 Rockaway Pkwy

General Information

Size
8,000 SF
Lot size
0.18 Acres

Source: Tri State Commercial Realty Agent Shlomi Bagdadi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Brooklyn Retail Investment Opportunity

This single-story retail building is located in a high-traffic area with substantial foot and car traffic. The property is surrounded by national tenants and benefits from a municipal parking lot located across the street. The building includes a full basement. The lot dimensions are 75 feet by 106 feet. The ground floor spans 8,000 square feet, with an additional 8,000 square feet in the lower level. The property is currently occupied, but can be delivered vacant. The current tenant, Walgreens, has a lease from April 2008 to March 2028, with a monthly rent of $50,000 on a triple net basis. A sublease is in place, generating $22,000 per month.
Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Golden Aid Pharmacy Inc, Rapid Pharmacy Inc., Value Drugs, Walgreens Pharmacy, MOREAU'S INTERNATIONAL NETWORK

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.901947
Latitude
40.644466

FAQs

What type of property is this?
Drug store - Single-tenant retail building with high traffic and income potential.
Where is this drug store located?
The property is located at 1402-1404 Rockaway Pkwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: - Current CAP over 10%; - Rent is $50,000 a month triple net; - Walgreens lease is from 4/2008 - 3/2028
More about this property
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