US - Lubbock, TX
A$15,235,000 | 6,548 m²
210 Bedford Avenue presents a unique opportunity to own a pristine low-maintenance turn-key asset that is hedged against inflation, carries low operating costs and benefits from a protected tax class.
The property comprises a 3,219 GSF retail-driven mixed-use building hosting a leased luxury duplex apartment above a thriving retail space occupied by an NYC favorite — Juice Generation.
Hedged From Inflation
With a percentage lease, landlord may benefit from additional profit sharing rent based on 15% of retail sales, providing stable positive cash-flow and an effective protection against inflation.
Protected Tax Class
The building is currently assessed as Tax Class 1, capping assessment increases to 6% over a single year, or 20% over a trailing 5-year span.
Minimal OpEx & Maintenance
210 Bedford as an ideal hands-off investment. The building is beautifully maintained requiring minimal repairs and carries low property tax with portion of increases paid by retail tenant.
Located just a block from the Bedford Avenue L Train Station in Northside Williamsburg, the property is in the heart of Brooklyn’s most energetic corridor among retailers like Apple, Whole Foods, J. Crew, Starbucks and dozens of other national brands.