Chase Bank NNN Property For Sale — Brooklyn, NY
1002 Brighton Beach Ave, Brooklyn, NY 11235
This investment offering presents a prime NNN Chase Bank property located in the vibrant Brighton Beach neighborhood of Brooklyn, New York. Constructed in 1942, the property comprises 16,900 square feet of gross leasable area on a spacious 23,479 square foot lot. Chase recently extended its lease for 10 years, commencing January 1, 2023, with no further renewal options. The lease features a corporate guarantee from Chase, a leading national bank with substantial assets. The property benefits from a strategic location at a signalized four-way intersection, experiencing over 24,000 vehicles per day, and is conveniently situated near the Brighton Beach subway station (B, Q lines).
- Address: 1002 Brighton Beach Ave, Brooklyn, NY 11235
- Asking price $25.50M
- 4.75% cap rate
- NOI $1.21M
- 3.3 years remaining
- NNN lease
- Year built: 1942
- Building size: 16,900 SF
- Lot size: 0.54 acres
- Lease expiration: Dec 31, 2029
- Rent increases: Every 3 years
- Guarantor: Corporate
Location
This Chase Bank property is at 1002 Brighton Beach Ave in Brooklyn, New York.
Asset type: Bank