Retail store, New York, USA

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Retail store, New York, USA

$14,000,000
$3,631 /m²
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  • Total area
    3,855 m²
  • Yield
    5.0 %
  • Rental rate (m²/month)
    $13
Details
Property parameters
  • Land area: 7,189 m²
Financial performance
  • Annual income: $659,749
Tenants
  • Fully let
  • End of lease: 2030

A retail store with a long-term lease agreement.

Description

A retail store of medicines.

The object includes the land and the building.

Financial performance

The cost of the property is 14,000,000 $.

The absolute annual income is 700,000 $.

The current yield is 5,0%.

Tenants

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).

Location

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

  • Property on the map
    Location right down to the building, street or city

More properties

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 Brooklyn elsewhere on our website.

Statistics in New York City

Price per m², $
14,073
Healthcare efficiency level
65
Index 65 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
56
Index 56 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 14,072.75
Apartment in a bedroom community, m² 6,129.69
Transport Price, $
Public transport, 1 ride 2.69
Monthly travel card 118.15
Taxi, 1 km 1.66
Petrol, 1 l 0.78
Food Price, $
Water, 1.5 l 2.25
Milk, 1 l 1.1
White bread, 500 g 3.81
Eggs, a dozen 3.48
Chicken fillet, 1 kg 12.8
Education Price, $
Kindergarten, per month 2,323.61
International school, per year 37,236.09
Health care index
Staff competence 73.99
Medical equipment 88.27
Research accuracy and completeness 73.48
Attitude towards patients 68.69
Security index
Crime rate 46.42
The risk of being robbed 43.5
The risk of car theft 43.99
The risk of break-in and property damage 50.34

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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