Retail store, New York, USA

Additional information is provided after the signing of an NDA

Retail store, New York, USA

$6,108,000
$2,414 /m²
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  • Total area
    2,530 m²
  • Yield
    5.3 %
  • Built in 
    2008
Details
Property parameters
  • Land area: 8,763 m²
  • Number of parking lots: 55
  • 1-floor building
Financial performance
  • Annual income: $329,201
Tenants
  • Fully let
  • End of lease: 2039

Retail store of medicines in New York.

Description

A retail store of medicines.

The facade (30 m²) faces the street.

Financial performance

The cost of the property is 6,107,719 $.

The absolute annual income is 323,709 $.

The current yield is 5,3%.

Tenants

The tenant is one of the largest US pharmacy chains, managing more than 8,000 retail enterprises (in the US, the District of Columbia, Puerto Rico and the US Virgin Islands).

The lease agreement is valid until April 2039.

Type of lease: Triple Net with minimum obligations of the landlord (the lessee is responsible for all buildings/ systems, including roof, HVAC, parking lot, real estate and insurance taxes, the landlord is only responsible for the foundation and frame of the building).

Location

The property is located on the Staten Island (the eponymous area of ​​New York). The population of the area is more than 470 thousand inhabitants.

Compared to other areas (Bronx, Brooklyn, Manhattan and Queens), life here is calmer, so the district is considered one of the most attractive for citizens, especially Russian-speakers, which are up to 20% here.

Bus routes connect the island with Brooklyn and Manhattan. There is a line of the city train in the district with trains and a payment system both as in the metro (more than 20 stations). Free ferry links the island to Manhattan.

The store is located at the intersection, along the main road. There are cafes, shops, a mobile communication salon, a hairdresser, a bank nearby.

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    Location right down to the building, street or city
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If this property wasn’t for you, take a look at other retail space for sale in the USA.

You can see more retail space for sale in New York City elsewhere on our website.

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