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JCPenney 360 Gateway Dr
124,136 SF of Retail Space Available in Brooklyn, NY 11239
Highlights
- Currently JC Penney
- Neighbors include BJ’S Wholesale Club, ShopRite, Target, Home Depot, TJMaxx, Best Buy and Marshalls
- Long Term Absolute Net
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 124,136 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
Long Term Absolute Net
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Anchor Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 360 Gateway Dr , Brooklyn, NY 11239
| Property Type | Retail | Total Land Area | 2.85 AC |
| Property Subtype | Department Store | Year Built | 2013 |
| Gross Leasable Area | 124,136 SF |
| Property Type | Retail |
| Property Subtype | Department Store |
| Gross Leasable Area | 124,136 SF |
| Total Land Area | 2.85 AC |
| Year Built | 2013 |
About the Property
The 1.2 million square foot Gateway Center is located off Exit 15 of Belt Parkway and has been a premier retail destination for the East New York, Brooklyn community since 2002. The center was significantly expanded in 2014, including adding the JCPenney space. The center is one of the most heavily visited in the United States and ranks #2 for visits in New York state (17.71 million visits over the last 12 months). The asset is situated directly off Belt Parkway, a major east-west highway that runs along the southern border of Brooklyn and Queens, and less than five miles from the John F. Kennedy International Airport, which is one of the busiest airports in the United States. This key thoroughfare also facilitates seamless access to and from Manhattan via a connection to Grand Central Parkway. Additionally, Metropolitan Transportation Authority bus service is available via Gateway Center’s dedicated bus terminal.
Nearby Major Retailers
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JCPenney | 360 Gateway Dr
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