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T-Mobile (Corporate Guarantee)- Brooklyn, NY 1492 Rockaway Pkwy

3,100 SF Retail Building Brooklyn, NY 11236 $2,960,000 ($955/SF) 6.16% Cap Rate

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Investment Highlights

Calling All Investors, Developers & End-Users!!! MINT 6,300+ Sqft. Retail Building With NNN National Tenant For Sale!!!
The Property Is Located In The Heart Of Canarsie On Busy Rockaway Parkway 2 Blocks From The MTA Canarsie Yard Just Off Flatlands Ave.!!!
This Property Offers HUGE Upside Potential!!!

The Property Features Long Term Lease, Strong R5D/C1-3 Zoning, Excellent Signage, Great Exposure, 6 Parking Spaces, Rear Yard, Storage Area, +++!!!
Neighbors Include FedEx, Target, Staples, PetSmart, Optimum, Planet Fitness, Blink Fitness, IHOP, +++!!!
This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Executive Summary

Calling All Investors, Developers & End-Users!!! MINT 6,300+ Sqft. Retail Building With NNN National Tenant For Sale!!! The Property Features Long Term Lease, Excellent Signage, Great Exposure, 6 Parking Spaces, Rear Yard, Storage Area, High 10’ Ceilings, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Canarsie On Busy Rockaway Parkway 2 Blocks From The MTA Canarsie Yard Just Off Flatlands Ave.!!! Neighbors Include FedEx, Target, Staples, PetSmart, Optimum, Planet Fitness, Blink Fitness, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
T-Mobile: $182,400 Ann. NNN.; Lease Exp.: 2/1/2032 + Add. 5 Year Option.
Gross Income: $182,400 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $182,400 Ann.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$182,400	$58.84

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$182,400
Annual Per SF	$58.84

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

3,100 SF

Building Class

Year Built

1980

Price

$2,960,000

Price Per SF

$955

Cap Rate

6.16%

NOI

$182,400

Tenancy

Single

Building Height

1 Story

Building FAR

0.71

Lot Size

0.10 AC

Zoning

R5D, C1-3

Parking

6 Spaces (1.94 Spaces per 1,000 SF Leased)

Frontage

35 FT on Rockaway

Amenities

24 Hour Access
Bus Line
Commuter Rail

Metro/Subway
Security System

Signage
Tenant Controlled HVAC

Storage Space
Air Conditioning

MAJOR TENANTS

Information
-
-
Triple Net
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T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience, and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile, and Sprint.