Brooklyn - Prime 86th Street Retail 2 Retail Properties Offered at $11,500,000 in Brooklyn, NY

Marcus & Millichap proudly presents the rare opportunity to acquire two mixed-use buildings on the same block on a prime retail stretch of 86th Street in Brooklyn’s Bay Ridge
neighborhood. 86th Street is one of the most heavily traveled and sought-after retail corridors in Brooklyn. The properties are surrounded by local and national retailers in every
direction. The offering presents the strategic opportunity to acquire five retail tenants and four free-market apartments on the same block, anchored by national retailers with corporate guaranteed leases.
The offering consists of 526-528 86th Street, 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 corporate guaranteed 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) as well as two free-market three-bedroom apartments.
514 86th Street is five buildings down on the same block, it is located one off the corner of 5th Avenue. This building consists of a ground-floor retail space leased to Starbucks
on a corporate-guaranteed lease through 2027. Starbucks has operated at this location since 2007. The second floor is leased to the national tutoring service Huntington Learning Center (300 locations), and the upper floors include two free-market, three-bedroom apartments.