Financial Summary
| Asking Price | $16,050,000 |
| Cap Rate | 5.00% |
| Net Operating Income (NOI) | $802,409 |
| Lease Type | Other |
| Lease Term Remaining | 12 years |
| Increases | 3% |
Offering Memorandum
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Highlights
- Located on a prime retail corridor in Downtown Brooklyn Fulton Mall featuring hundreds of small and national businesses
- Credit BB- tenant, subsidiary of Footlocker with long-term lease
- Proximity to three subway stations servicing all major subway lines including 2, 3, 4, 5, B D, N, Q, R & W
- Champs is in the center of Citypoint surrounded by retailers such as Macy’s, Target, Century 21, Express and Chase Bank
Location
480 Fulton Street
Brooklyn, NY
