Property Details

Champs Sports

Brooklyn, NY
Property ID: 14778

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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Contact

Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
202.644.8700
Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
703.288.2700
Brent Glodowski
Director
212.230.5996

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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

Leigh ClineChamps Sports