Net-Leased w/Upside - User/Value-Add Deal 8501 New Utrecht Ave

The subject offering is a 17,760 SF commercial property located on the corner of New Utrecht Avenue and 85th Street in Brooklyn’s Bensonhurst neighborhood. The property has 131 feet of frontage along New Utrecht Avenue, located directly across from the entrance to the subway (D Train – 18th Avenue Station). The asset is surrounded by local and national retailers, including Marshall’s, CVS, Dunkin Donuts and PM Pediatrics. The subject offering is located just steps away from 86th Street, the main retail corridor, and the most heavily traveled street, in Bensonhurst.
1st Choice Social Adult Day Care leases the ground floor and the second floor on a 7-year NN lease that runs through February 2026. Their lease has 3% annual increases and one (3) three-year renewal option. They are responsible for reimbursing 67% of the real estate taxes. All utilities are billed directly to the tenant. There is an elevator leading to the second floor, the tenant is responsible for the elevator maintenance directly. 1st Choice Social Adult Day Care is a full-service adult day care center with the capacity to host 100-120 seniors per shift.
The 5,920 SF lower-level is a fully built-out conference center with 10-foot ceilings and an open floor layout. The space will be delivered vacant at closing. This is an opportunity to acquire a potential user/value-add opportunity directly next to the subway in South Brooklyn. The asset benefits from strong frontage and outstanding Bensonhurst demographics