QuickChek Carlstadt
720 Washington Street, Carlstadt, NJ, 07072, US
13 522 000 $ | 511 mètres carrés
Descriptif
250 Utica Avenue presents the opportunity to acquire the leasehold interest in a corner value-add retail property on a ground lease in the heart of Crown Heights neighborhood of Brooklyn. This multi-tenant corner retail asset features strong national credit tenants including Chipotle, Pure Gym, and CityMD, with upside by leasing the remaining 10,565 square feet of space. The Property totals 61,240 square feet, comprising 45,067 square feet of retail space and a 16,173 square foot, 81-space parking garage. With 10,565 square feet delivered vacant and a 25-year ICAP tax abatement in place, the asset offers immediate leasing upside and enhanced cash flow for the incoming buyer.
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Attributs
Property Size
61,240 SF
Occupation
83 %
Retail SF
45,067 SF
Garage SF
16,173 SF
Vacant Retail SF
10,565 SF
Parking Spaces
81
WALT
7 Years
Média
Points forts de l'investissement
VALUE-ADD RETAIL PROPERTY ON GROUND LEASE
250 Utica Avenue presents an exceptional value-add retail investment opportunity in Crown Heights on a 99-year ground lease with 85 years remaining. This 83% leased Property is anchored by national tenants Chipotle, Pure Gym, and CityMD, offering immediate cash flow with upside through the lease-up of 10,565 square feet of vacant space.
PRIME CORNER LOCATION WITH COMMANDING PRESENCE
The Property occupies a strategic corner position with 100 feet of frontage on Utica Avenue, Crown Heights’ primary commercial corridor.
RETAIL SCALE WITH IMMEDIATE LEASING OPPORTUNITY
Totaling 45,067 rentable square feet across 6 retail units, 250 Utica Avenue offers significant scale rarely available in prime Brooklyn retail locations. With 10,565 square feet delivered vacant, a new owner can immediately capitalize on strong leasing demand while benefiting from existing cash flow from credit-worthy tenants.
STRONG NATIONAL TENANT ANCHORS DRIVING CONSISTENT TRAFFIC
The Property is anchored by three established national brands—Chipotle, Pure Gym, and CityMD—providing stable cash flow and consistent foot traffic.
RARE ~16,000 SF 81-SPACE PARKING FACILITY ADDS SIGNIFICANT VALUE
250 Utica Avenue features a 16,173 square foot parking facility with 81 spaces, a rare amenity in Brooklyn’s competitive retail market. This substantial parking capacity provides a significant competitive advantage in attracting quality tenants while generating additional revenue through structured operations.
PROXIMITY TO GROWING PROSPECT HEIGHTS AND AAMUP REZONING
The Property benefits from proximity to the rapidly transforming Prospect Heights neighborhood, which is experiencing significant growth due to the Atlantic Avenue Mixed-Use Plan (AAMUP) rezoning.
EXCEPTIONAL TRANSPORTATION ACCESS AND CONNECTIVITY
The Property benefits from outstanding connectivity with the Crown Heights-Utica Avenue station (3 / 4 trains) offering express service to Manhattan, plus extensive bus service along Utica Avenue.
Contactez les courtiers
250 Utica Avenue (0 Propriétés)
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Dernière mise à jour
21 avr. 2026
