FedEx Anchored Corner Retail 526 86th St 9,600 SF 100% Leased Retail Building Brooklyn, NY 11209 $7,000,000 ($729.17/SF) 5.98% Cap Rate

Marcus & Millichap proudly presents the rare opportunity to acquire a fully occupied mixed-use building on a prime stretch of 86th Street in Brooklyn’s Bay Ridge neighborhood. The property is surrounded by local and national retailers in every direction. The offering provides the opportunity to acquire an asset anchored by a national credit tenant
(FedEx) on a fully corporate guaranteed lease.
526-528 86th Street is a four-story mixed-use building on the corner of 86th Street and Gelston Avenue. The building consists of a ground floor retail space leased to FedEx on a
lease through 2032, as well as second and third floor retail units, both leased to national fitness chains, The Max Challenge (35 locations) and CKO Kickboxing (150 locations).
The property also has two free-market three-bedroom apartments.
In addition, this offering is being marketed alongside another mixed-use property on the same block, 514 86th Street. The properties can be purchased individually, or as a package.
The total offering presents an investor with the rare opportunity to acquire credit-tenant anchored mixed-use properties in one of the best neighborhoods in South Brooklyn. The properties can be purchased individually as well. Bay Ridge is one of the most desirable neighborhoods in Brooklyn. This site is one block from the 86th Street Subway Station (R Train), as well as being ideally positioned right off the BQE (278) and less than one mile.