A retail store with a long-term lease agreement.
Description
A retail store of medicines.
The object includes the land and the building.
The cost of the property is 14,000,000 $.
The absolute annual income is 700,000 $.
The current yield is 5,0%.
The tenant is one of the world's largest pharmacy companies, managing more than 13,000 pharmacies and cosmetics, perfumes and hygiene stores in more than 10 countries.
The lease contract is valid until 2030 + extension options.
Type of rent: Absolute NNN (zero landlord responsibilities).
The property is located at a busy intersection (about 30,000 cars per day) in South Brooklyn. Located in the western part of Long Island, Brooklyn is the most populated borough of New York — more than 2.6 million inhabitants.
3 bridges connect Brooklyn with Manhattan, and 1 — with the Staten Island area. Brooklyn is served by a number of routes of the New York underground. The area has 56 bus lines, including express routes linking Brooklyn and Manhattan. There is a suburban train station in Brooklyn, from where the electric trains go to the suburban part of Long Island.
Transport accessibility:
- La Guardia Airport — 30 minutes by taxi (without traffic jams)
- John F. Kennedy Airport — 25 minutes by taxi (without traffic jams)
- Wall Street/ Financial District — 33 minutes by metro
- Times Square — 40 minutes by metro
