We are pleased to exclusively market for sale the subject single-tenant Investors Bank lease located at 8601 21st Ave, Brooklyn, NY. The property is made up of a 8,667 square feet building and is situated on approximately 4,834 square feet of land on the corner of 86th street and 21st avenue . The investment opportunity is subject to an absolute double-net (NN) lease which has approximately 7 years of term remaining. The current rent is $390,500 and is subject to 10% rental increases every five years, including through the four, five-year tenant renewal options. The lease is guaranteed by Investors Bank all expenses and landlord is only responsible for the roof and structure.Investors Bank, headquartered in Short Hills, New Jersey, is a full-service community bank that has been servingcustomers since 1926. With over $25 billion in assets and a network of over 145 retail branches, Investors delivers personalized services and products tailored to the needs of its customers. In 2005, Investors Bancorp Inc. became a partially public company, trading common stock on the NASDAQ. In 2011, the bank rebranded itself and changed its name to Investors Bank. On May 8, 2014 Investors Bancorp became a fully public company.
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Listing data is deemed reliable but it not guaranteed accurate by the MLS.
Listing information is provided by the Staten Island Board of REALTORS®.