737 4th Ave
Brooklyn, NY 11232

Marcus & Millichap is pleased to present a rare single-tenant Dunkin' Donuts in Greenwood Heights (Brooklyn), New York. The 4,774 square foot building rests on a 15,017 square foot lot located at the hard-corner, signalized intersection of 4th Avenue and 25th Street. Dunkin' Donuts executed a 20-year absolute NNN lease in 1999 and currently has two years remaining with (2) five-year options to renew. The lease calls for the option period rent increase to be assessed at fair market value, a number which is significantly higher than the current rent. 4th Avenue is a strong retail corridor in Brooklyn. The property is next to Subway and MetroPCS, across the street from a Best Western Plus Hotel and C-Town Supermarket and one block from KFC. Additionally, the property is across the street from the 25th Street stop on the "R" subway line with direct access into Manhattan. This is a rare opportunity to purchase a well located corner lot with 150 feet of frontage along the 4th Avenue retail corridor. An investor will take advantage of this zero management asset in Brooklyn leased to a national retailer while capitalizing on the short term upside in redeveloping the property into a multi-tenant retail asset in an under-retailed trade area. The area is experiencing consistent rent growth and a rapidly growing population due to Industry City to the immediate south and the rezoned 4th Avenue corridor to the north.