Retail unit in New York.
Description
The total area of the property is 771 m².
Financial performance
The cost of the property is 6,107,619 $.
The absolute annual income is 320,650 $.
The current yield is 5.3%.
Tenants
The tenant is a network of pharmacies.
The lease agreement is valid until 2032 and contains extension option for 5 years.
A subtenant is a motorcycle and related products manufacturer.
The sublease agreement is valid until 2039.
Type of rent: Absolute NNN.
Location and nearby infrastructure
The property is located at a busy intersection with traffic of 20,000 vehicles daily on the island of Staten.
There are such retail shops as Home Depot, Kohl's, TJ Maxx and others nearby.
