14,650 SF Retail Building in Bensonhurst
8222 18th Avenue
Bensonhurst/Bath Beach
Closed 12/10/2019 at
$7,400,000
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Details
Overview
TerraCRG has been retained to exclusively represent ownership in the sale of the retail building at 8222 18th Avenue in the Bensonhurst neighborhood of Brooklyn. The one-story retail building is leased by Rite Aid with a current NOI of $309,594, 14,560 SF and zoned M1-1. The current lease expires in June 2020 with one final option to extend for an additional five years.Attractions
Bensonhurst is an established neighborhood and this particular pocket is both retail heavy and residentially dense. Located just a few blocks from 86th Street, the property is in a prime location for both national and local retailers. The 86th Street retail corridor spans from Bensonhurst north to Bay Ridge, and boasts a plethora of shops, restaurants, fitness centers and more. Nearby national retailers include Santander Bank, CVS Pharmacy, Chase Bank, Benjamin Moore, Outback Steakhouse, Subway, Dunkin Donuts, Starbucks, McDonald’s, Planet Fitness, Foot Locker, Marshalls, Gap, and more. 18th Avenue also provides access to many retailers of the local nature including bakeries, coffee shops, salons, and grocery stores.
