888 Jamaica Avenue

Cypress Hills, Brooklyn, NY 11208



Rachelle Rosten
Rachelle Rosten
  • Licensed Real Estate Salesperson
  • DRE #: 01255977

Property Description

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Calling All Investors, Developers & End-Users!!! NN 8,850 Sqft. Family Dollar For Sale!!! Family Dollar Currently Has 8,245 Stores & Is Currently Expanding At An 8.1% Rate For 2022!!! The Property Features Great Exposure, Excellent Signage, 8 Parking Spaces In A Private Parking Lot, Signalized Intersection, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Cypress Hills At The Bottom Of The Cypress Hills Subway Station Only 15 Miles From Downtown Manhattan!!! Neighbors Include DMV, Dunkin', McDonald's, Stop & Shop, Walgreen's, Taco Bell, Marshall's, Raymour & Flanigan, IHOP,Burger King, Wendy's, Pizza Hut, White Castle, +++!!! The Property Has A Daily Traffic Count Of Over 18,500 Cars Per Day!!! The Landlord Put In Over $200,000 Of Upgrades In 2015 & 2020!!! The Roof Has A 10 Year Warranty From July 2020!!! The Property Has Over 2,073 Square Feet In Available Air Rights!!! If You're Looking To Be A Landlord Collecting Income With Your Feet Up Every Month This Is The Property For You!!! This Could Be Your Next Investment Property!!! Income: Family Dollar (8,850 Sqft.): $256,000 Ann. Lease Exp. 9/20/2028 Option Term 1: $281,600 Ann. 10/1/28-9/30/33 Option Term 2: $309,760 Ann. 10/1/33-9/30/38 Expenses: Insurance: $5,000 Ann. Taxes: $31,000 Ann. (Tenant Responsible For Increases) Net Operating Income (NOI): $220,000 Ann.!!!
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  • Exterior
    .3 Acres
  • Property Type
  • Year Built
  • MLS/Listing ID
  • Days On Market
Listing Courtesy of All Island Estates Realty Corp - 516-783-5600