Retail drug store in the state of New York.
Description
Retail store of medicines.
The facade (90 m²) faces the street.
The cost of the property is 3,451,128 €.
The absolute annual income is 231,226 €.
The current yield of 6,7%.
Tenancy: Single Tenant
Type of lease: triple net lease.
The most common type of lease in case of long-term contracts. The owner takes a lease ”in triple size, “ that is, without deduction of tax, insurance and maintenance costs (these costs are contractually borne by the tenant). The triple net lease agreement is aimed at saving the lessor from unnecessary costs, additional work and thereby increase the profitability of real estate.
The property is located in a residential area of the city with a population of about 30 thousand inhabitants (Orange County, New York). The city is part of the New York City Agglomeration — one of the largest in the world, whose population is more than 20 million people.
There is a cafe, a supermarket, a garage, a library, a post office, a cinema in close proximity.
The distance to New York is about 100 km.
