7-Eleven | Cricket Wireless

3768 Nostrand Avenue - Brooklyn New York 11229

LTV (Loan to Value)	65.00%	Current NOI	$216,600.00
Interest Rate	4.250%	Capital Rate	4.000%
Fixed Term	10 Years	Land Area	0.21 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$3,519,750.00	Property Type	Retail
Payment	$19,067.83	Property Lease	Multi-tenant
Bulding Size	3,585 SF	Remaining Terms

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a corporate guaranteed 7-Eleven & Cricket Wireless property located in the heart of Brooklyn, New York (Population: 2.6 million). The property is 100% leased to 7-Eleven & Cricket Wireless with corporate guarantees. 7-Eleven has a new 15 year NNN lease with approximately 11.5 years remaining and 2, 5 year renewal options with attractive 10% rent increases every 5 years. Cricket Wireless has a brand new 5 year lease and 2, 5 year renewal options with attractive 15% rent increases in both option periods.

Highlights

Corporate Guarantee - Attractive retail property 100% leased and guaranteed by 7-Eleven and GS Mobile, Inc (a wholly owned subsidiary…

Property Description

Brooklyn is the most populous of New York City's five boroughs, with nearly 2.6 million residents, and the second-largest in area. Since 1896, Brooklyn has had the same boundaries as Kings County, which is now the most populous county in New York State and the second-most densely populated county in the United States, after New York County (Manhattan). It is also the westernmost county on Long Island. Sheepshead Bay is a bay separating the mainland of Brooklyn, New York City, from the eastern portion of Coney Island, the latter originally a barrier island but now effectively an extension of the mainland with peninsulas both east (the neighborhood of Manhattan Beach) and west (the neighborhoods of Coney Island and Sea Gate). The mouth of the bay is about 1.0 mile southwest of Marine Park, Brooklyn.