505 Utica Ave
Brooklyn, NY 11203
Wendy's · Retail Property For Sale

This Wendy’s property is strategically positioned along Utica Avenue’s quick-service restaurant row, less than 10 miles from the center of Manhattan, and is surrounded by numerous national restaurant and retail concepts. Major national tenants in the immediate area include: Walgreens, Rite Aid, Family Dollar, McDonald’s, KFC, Popeyes, Dunkin’ Donuts, White Castle, Wingstop, Baskin Robbins, Bank of America, Chase, Citibank, and many more. The subject property additionally benefits from its immediate access to healthcare, being located within one mile of Kingsbrook Jewish Medical Center, Kings County Hospital and SUNY Downtown Medical Center. Together, these medical facilities boast a total combined bed count of more than 1,770. Utica Avenue Subway Station, which provides access to the 2, 3, 4 and 5 trains, is just a short walk from this Wendy’s. The subject property is also adjacent to a stop for the B46 public bus line, which runs primarily along Utica Avenue north from the Kings Plaza shopping center through eastern Brooklyn, with continued service west along Broadway to the Williamsburg Bridge Plaza Bus Terminal. The subject property is positioned on Utica Avenue, which experiences an average traffic count of approximately 23,000 vehicles per day. Utica Avenue intersects with East New York Avenue and Linden Boulevard, which bring an additional 21,500 and 50,500 vehicles into the immediate surrounding area each day, respectively. The average household income is over $81,000 for homes within five miles of the subject property. This area features extremely strong demographics, with more than 176,000 individuals residing within a one-mile radius of the subject property and more than 1,300,000 individuals within a three-mile radius. East Flatbush is a residential neighborhood in the New York City borough of Brooklyn. Home to nearly 2.6 million residents, Brooklyn is the most populous borough in New York City and host to a thriving arts and cultural scene, as well as a growing innovation economy. Downtown Brooklyn is New York City’s largest business district outside of Manhattan, experiencing steady job growth since the recession ended in 2009. For example, the Brooklyn Tech Triangle is now home to more than 1,350 innovation companies and has become one of the fastest-growing employment sectors in the borough, increasing by 57 percent since 2009. The borough is also home to world-class cultural and academic institutions, which are integral to the local economy and residents’ quality of life. With its many restaurants, active nightlife and diverse neighborhoods, Brooklyn is a highly attractive destination for young professionals. An estimated 15 million visitors come to Brooklyn each year, stimulating the local economy by spending at local bars, hotels, restaurants, shops and other attractions. Brooklyn additionally has an extensive transportation network, making it highly accessible to Manhattan and other New York City boroughs.