A retail store of auto parts in the state of New York.
Auto parts store (free-standing building).
The cost of the property is 4,250,000 $.
The absolute annual income is $ 267,750.
The current yield is 6.3%.
The tenant is a large retail chain of auto parts and accessories stores with more than 5,000 branded stores and more than 1,300 independent outlets in the USA and Canada. The company's sales volume exceeds 10 billion dollars.
The lease agreement is valid until 2023.
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).
The property is located in a village with the population about 30,000 people in the southern part of the city of Babylon (Suffolk County, New York).
The city of Babylon is on the southern coast of Long Island, its population is more than 210,000 inhabitants.
The distance to New York is 32 km, to Manhattan — 48 km, to Republic Airport — about 2 km.