It is an office bulding, located in one of the towns in the east of New York state.
Description
The one-storey building was constructed in 2007.
The total area is 273 m².
The plot of 3,561 m².
The property is fully leased to the bank branch.
There is a major shopping mall and major medicare center in close proximity, as well as two highways with a total traffic exceeding 130,000 cars.
Financial performance
Absolute income is 156,502 $.
The current yield of 6%.
Tenants
Tenant is NBT Bank, which is a subsidiary of NBT Bankcorp.
The Double Net Lease contract is signed for 15 years until 2022.
All operating and repair costs are borne by the lessee except for the roof repair costs.
