Dollar Tree

2114 Coyle Street, Brooklyn, NY
Deal Type:
Net Lease
Price:
$3,693,760
Cap Rate:
6.25%
Current Rent:
$230,860
Lease Type:
DoubleNet
Lease Expiration Date:
Approx. 7 years
Renewal Options:
2 x 5 Year Options
Building Sq. Ft.:
10,000 SF
Rent Increases:
6% in 2026, 14% in 2031 (1st Option), and 10% in 2036 (2nd Option)

Investment Highlights

  • Credit: Rare Investment Grade (S&P: BBB) Single Tenant Asset in Brooklyn Paying $25 PSF
  • Commitment: Tenant Exercised First 5 Year Renewal Option 3 Years Early, Showing Commitment to the Site
  • Rental Increases: 6% Rental Escalation in 2026, with 14% in 2031 During First Option Period
  • Nearby Consumer Base: Located Immediately North of NYCHA Sheepshead Bay/Nostrand Houses, Ideal Walking Distance
  • Well Positioned: Located 115 Feet off Avenue U, seeing over 10,000 VPD
  • Multifamily Development: Proposed Multifamily Development Immediately Adjacent, 7-Story & 115,000 gross square feet. This development will contain 175 Units, undoubtedly enhancing future sales for Dollar Tree.

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Taylor Trepinski

Vice President
786 684 1975
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

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