Property summary
Exceptional investment opportunity: a thriving, established supermarket in Brooklyn's Midwood neighborhood, located on Kings Highway. This 10,000 square foot, three-story building sits on a 10,000 square foot lot and boasts 11-15 foot ceilings. The property features a captivating storefront with inviting glass windows, showcasing a diverse inventory. The interior includes modern amenities such as freezers, display fridges, and custom shelving. The business generates an impressive $10 million in annual revenue, supported by a loyal customer base and 70 employees. Currently operating under a lease with a monthly rent of $65,000, expiring in 2030 with an option to extend. The expansive back kitchens facilitate the preparation of freshly cooked food, a key component of the store's success. This turnkey operation offers a seamless transition for a new owner, capitalizing on a prime location in a high-traffic area surrounded by other businesses. The property's diverse product offerings, including international foods, contribute to its strong financial performance and established reputation within the community. The asking price for this exceptional commercial property is $3,000,000.
Property profile
VerifiedCap rate & NOI
Current use
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Specialty Food Shop Supermarket
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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