For Sale
$3,800,000

1409 Kings Hwy Brooklyn, NY 11229

Prime Brooklyn Convenience Store, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional retail investment opportunity presents a thriving convenience store located at 1409 Kings Highway in Brooklyn, New York, 11229. The property boasts a prime location on King's Highway, a bustling thoroughfare with high foot and vehicle traffic. The building itself comprises 2,000 square feet on the ground floor and an additional 2,000 square feet in the basement, offering ample space for operations and storage. Currently operating at 100% occupancy, this single-tenancy property is offered at an asking price of $3,800,000. The lease structure is a NNN (Net, Net, Net) lease, meaning the tenant is responsible for most operating expenses, minimizing the owner's responsibilities. The property's strategic location is further enhanced by its proximity to a train station, just two blocks away, ensuring convenient access for both customers and employees. The surrounding area is characterized by the presence of numerous national tenants, indicating a strong and stable retail environment. This presents a compelling opportunity for investors seeking a high-performing, established convenience store in a prime Brooklyn location. The property is currently vacant, offering flexibility for a new tenant or owner-operator. The building is a single-story structure.

Highlights

  • 2,000 SF ground floor and 2,000 SF basement.
  • Offered at $4.5 million.
  • Two blocks from the train station.
  • Surrounded by national tenants.
  • Excellent location for national tenants.

Property Details for 1409 Kings Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,000 SF

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6086816
Longitude
-73.9588741

FAQs

What type of property is this?
Retail property - Prime Brooklyn Convenience Store, High Traffic
Where is the retail property located?
The property is located at 1409 Kings Hwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 2,000 SF ground floor and 2,000 SF basement.; Offered at $4.5 million.; Two blocks from the train station.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1409 Kings Hwy
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