Fully rented filling station.
Area of the property: 184 m².
Area of the plot: 2,589 m².
The cost of the facility is 3,600,000 $.
The absolute annual income is 225,000 $.
The current yield of 6,25%.
Tenancy: Single Tenant
Terms of sale: triple net lease.
The most common type of lease in case of long-term contracts. The owner takes a lease ”in triple size, “ that is, without deduction of tax, insurance and maintenance costs (these costs are contractually borne by the tenant). The triple net lease agreement is aimed at saving the lessor from unnecessary costs, additional work and thereby increase the profitability of real estate.
The facility is located in the state of New Jersey.
There are a restaurant, a bank, two fast foods, a car wash and a shopping center in the immediate vicinity of the property.
New Jersey is a state in the Mid-Atlantic region of the Northeastern United States. It is a peninsula, bordered on the north and east by the state of New York. New Jersey is the 11th-most populous state, with 9 million residents, the most densely populated of the 50 U. S. states and third-wealthiest state by median household income. The territory of the state belongs to the urban agglomerations of New York and Philadelphia.