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Walgreens 5001 Church Ave 12,510 SF Retail Building Brooklyn, NY 11203 $8,100,000 ($647.48/SF) 6% Cap Rate
Investment Highlights
- 100% Leased | In-Place Cash Flow
- Large Single-Story Footprint | Approximately 12,510 square feet or gross area including valuable lower-level space
- Major Retail Street Corner | Dominant East Flatbush location | Ranked #1 in Walgreens location visits in NY
- Primary Commercial Artery In The Neighborhood with high visibility and close proximity to multiple bus stops that serve 16M riders / year
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,510 SF
Building Class
C
Year Built/Renovated
1925/2012
Price
$8,100,000
Price Per SF
$647.48
Cap Rate
6%
NOI
$486,000
Tenancy
Single
Building Height
1 Story
Building FAR
1.99
Lot Size
0.14 AC
Zoning
R5
Frontage
61’ on CHURCH AVE
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 04676-0043 | Improvements Assessment | $2,016,000 |
| Land Assessment | $225,000 | Total Assessment | $2,241,000 |
Property Taxes
Parcel Number
04676-0043
Land Assessment
$225,000
Improvements Assessment
$2,016,000
Total Assessment
$2,241,000
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Walgreens | 5001 Church Ave
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