1245 Fulton St Brooklyn, NY 11216
Sponsored
High-yield NNN lease, strong tenant.
Description
- Added:
- Dec 11, 2024
- Days on Market:
- 391
Property Features for 1245 Fulton St
General Information
- Property type
- Individual retail properties
- Class
- A
Building Details
- Year Renovated
- 2016
- Stories
- 1
- Units
- 1
HighLights
- 14,882 SF Planet Fitness storefront in a prime Brooklyn location (1245 Fulton Street, zip code 11216).
- 6.52% cap rate and $750,000 net operating income (NOI).
- Net lease (NNN) with 5.6 years remaining (expires June 30, 2030); tenant is the largest Planet Fitness franchisee in the country, operating nearly 80 locations.
- 16,073 SF building (7,860 SF ground floor, 8,213 SF lower level), with public elevator and staircase access; 11,830 SF of air rights available.
- Located one block from the Nostrand Ave A/C subway station, near Foot Locker, Shake Shack, and Chipotle; 100% occupancy.
- Significant tax abatement in place.
Property Profile
Location Intelligence
Current Use by Public Records
Planet Fitness
Gym
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9516841
- Latitude
- 40.6807602
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - High-yield NNN lease, strong tenant.
Where is this individual retail property located?
The property is located at 1245 Fulton St Brooklyn, NY.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: 14,882 SF Planet Fitness storefront in a prime Brooklyn location (1245 Fulton Street, zip code 11216).; 6.52% cap rate and $750,000 net operating income (NOI).; Net lease (NNN) with 5.6 years remaining (expires June 30, 2030); tenant is the largest Planet Fitness franchisee in the country, operating nearly 80 locations.
