7-Eleven & Cricket Wireless
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| LTV (Loan to Value) | 0.00% | Current NOI | |
| Interest Rate | 0.000% | Cap Rate | 0.000% |
| Fixed Term | Years | Land Area | |
| Amortization | Years | Lease Type | |
| Loan Amount | Property Type | ||
| Payment | Property Lease | ||
| Building Size | Remaining Terms |
Location 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.Highlights
Corporate Guarantee - Attractive retail property 100% leased and guaranteed by 7-Eleven and GS Mobile, Inc (a wholly owned subsidiary of Gamestop Corp.)
Long Term Lease - 7-Eleven has approximately 11.5 years remaining and 2, 5 year renewal options. Cricket Wireless has 5 years remaining and 2, 5 year renewal options
Attractive Rental Increases - Both 7-Eleven and Cricket Wireless have 10% and 15% rental increases every 5 years respectively
Signalized Hard Corner - “The Property” sits on a signalized hard corner with multiple points of ingress/egress
Strategic Location - Located along main thoroughfare, two blocks from Leif Ericson Drive/Belt Parkway (139,377 VPD)
Strong Demographics - “The Property” is located in a tier 1 city with over 1.3 Million people living within 5 miles
Strong Neighboring Tenants - “The Property” sits in a strong retail corridor in proximity to national tenants including ALDI, Rite Aid & Investors Bank
NNN Loans Funding
Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.