Retail store, state of New York, USA

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Retail store, state of New York, USA

$5,079,000
$2,237 /m²
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  • Total area
    2,270 m²
  • Yield
    5.5%
  • Built in 
    2015
Details
Property parameters
  • Land area: 8,630 m²
  • 1-floor building
Financial performance
  • Annual income: $252,891
Tenants
  • Fully let

A retail store in the state of New York.

Description

A free-standing building.

The property includes a pet store and a veterinary clinic.

Free parking.

Ownership type: Leasehold (the balance is 8 years).

Financial performance

The cost of the property is 5,078,864 $.

The absolute annual income is 279,337 $.

The current yield is 5,5%.

Tenants

The tenant is a well-known American retail chain selling goods and services for pets (about 1,500 stores in the US, Canada and Puerto Rico).

Type of lease: NN (with minimum responsibilities and expenses of the lessor).

The lease agreement with indexing 10% every 5 years, + extension options 2х5 years.

Location and nearby infrastructure

The property is located in a village with a population of more than 30,000 people (Nassau County, New York).

The territory is a part of the New York City metropolitan area — one of the largest in the world, with a population of more than 20 million people.

There is a cafe, a restaurant, a grocery store, a brewery, a car wash and a garage in close proximity.

Traffic: more than 15,000 cars a day.

The distance to New York is about 50 km.

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If this property wasn’t for you, take a look at other retail space for sale in New York City.

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