8601 21 Avenue, Bath Beach, Brooklyn, NY 11214

Price: $10.2 Million Cap Rate: 3.8% Lot:4834 sq ft corner Building : 8,667 sq ft Lease Type : NNN ? Investment Highlights: Roof and Structure Landlord responsible Lease term 15yrs Rent Commencement 2012 Increases 10% every 5 yrs Options after original 15 yr term+ 4 -5 yr options Rent Schedule: Years 1-5 $355,000 ($29,583.33 per month) Years 6-10 $390,500 ($32,541.66 per month) Years 10-15 $429,550 ($35,795.83 per month) Years 16-20 $475,505.00 ($39,375.41 per month) Years 21-25 $519,755.50 ($43,312.95 per month) Years 26-30 $571,731.05 ($47,644.25 per month) Years 31-35 $628,904.16 ($52,408.68 per month) 2019 Total Population Within 1 Mile of Subject Property: 125,592 2019 Total Population Within 3 Miles of Subject Property: 864,420 Total Households Within 1 Mile of Subject Property: 44,099 Total Households Within 3 Miles of Subject Property: 305,498 Median Household Income Within 1 Mile of Subject Property: $56,996 Median Household Income Within 3 Miles of Subject Property: $53,892