The retail asset located at 78-12 Flatlands Avenue in Brooklyn features a lease agreement with C Town Supermarket. The asking rent for this property was set at $45 per square foot for a total square footage of 11,077. The lease is classified as a retail lease and encompasses a term of 15 years with an additional 5-year option. The lease agreement is structured as modified net.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $45/ft
• Address: 78-12 Flatlands Avenue
• Market: Brooklyn
• Tenant: C Town Supermarket
• Lease Type: Retail Lease
• Lease Term: 15 yrs + 5 yr option
• Asking Rent: $45 psf
• Square Footage: 11,077
• Brokers: Mark Tergesen, John Brod & Howard Gilbert - ABS Partners Real Estate

Mark Tergesen, John Brod, and Howard Gilbert, representing ABS Partners Real Estate, facilitated the transaction. Their involvement supports the leasing process for C Town Supermarket within the retail market of Brooklyn, showcasing their brokerage expertise in this deal.