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).
The cost of the property is 5,078,864 $.
The absolute annual income is 279,337 $.
The current yield is 5,5%.
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.
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.
