Swimming pool in a one-storey building.
Total area of the property is 660 m²
The construction material of the building is masonry.
The tenant has invested about 750,000 $ in the property.
The purchase price of the swimming pool includes parking for 10 cars.
Absolute annual income is 67,236 $.
The current yield of 6.2%.
The tenant is a swimming pool chain.
The lease agreement is valid through 2028 and stipulates the rental income indexation at 5% every 2 years.
In 2022 the rental income increases to $ 117,781 and then continues to grow up by 5% every 2 years.
Lease agreement type: Triple Net Lease. The tenant covers all expenses related to the taxes, insurance and maintenance of the property.
The property is situated on the boulevard with a high pedestrian traffic, in one of the cities in Long Island. There are railway station, shops and restaurants located in close proximity from the swimming pool. The city population is more than 30 thousand people.